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What are the seven principals of Farm Debt Mediation (FDM)?

For businesses whose primary undertakings are agriculture, aquaculture, or other primary production activities, the Australian Government has provided a framework to resolve farm debt issues. 

Each state has their own program; however, all follow the same seven principals including offering an independent mediator.

  • Principle 1: Early engagement between farmers and lenders is encouraged.

  • Principle 2: Farm debt resolution activities should be outcomes-focused.

  • Principle 3: Consider support for personal issues, including mental and physical health.

  • Principle 4: Information about farm debt mediation should be clear and accessible.

  • Principle 5: Farmers should seek appropriate support and independent professional advice.

  • Principle 6: Farm debt mediation should be conducted on an even playing field.

  • Principle 7: All parties are expected to act in good faith.