Farm debt mediation will ensure fair process - O'Connor

Mon, 17 Jun 2019

By Gavin Evans June 17 (BusinessDesk) - Mandatory mediation before enforcement is taken against farmers struggling to meet their loan commitments will ensure a fair process and take some of the pressure off rural families during times of stress, Agriculture Minister Damien O’Connor says. The Farm Debt Mediation Bill, expected to be introduced shortly, lays out a process in which mediation can be sought by either the farmer or the bank. If a bank declines to participate in mediation, the farmers can seek a six-month stay and mediation woul...

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