Warnings Australia in rural financial crisis as farmers look to take on ANZ
There is growing concern Australia is in the grip of a rural financial crisis as banks foreclose on hundreds of properties and force farmers off the land – but some are vowing to fight back.
Rural lender Landmark, once owned by the Australian Wheat Board, held the long-term mortgages of hundreds of Australian farmers but at the height of the global financial crisis sold its loan book to big four bank ANZ.
Up until a recent decision to halt…
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