The Queensland Rural Debt Survey 2021 report tabled in State Parliament last week provides a snapshot of the size and nature of rural debt held by Queensland cattle producers at the end of December.
The Survey, which the Queensland Rural and Industry Development Authority undertakes every two years together with the Queensland Government Statisticians Office and all major rural lenders, ascertains the extent, nature, and size of rural debt in Queensland.
The state’s cattle producers experienced a range of challenges during 2020 and 2021 including extensive drought and flooding, followed…