CYCLONE DEBBIE: Information and support available on QFF Farmer Disaster Support site HERE

Queensland Farm Finance Strategy

The Queensland Farm Finance Strategy (QFFS) is a product of consultative processes between Queensland’s banking and rural industry organisations. It was originally developed in 1996 as a joint initiative between the Queensland Farmers’ Federation (QFF) and the Australian Bankers’ Association (ABA) to provide voluntary protocols for farm debt management and dispute resolution.

The signatory farm organisations and banks in the attached document acknowledge that the financial success of Queensland agriculture depends on widespread knowledge and use of best financial practices by both lenders and borrowers. This updated Queensland Farm Finance Strategy (QFFS) provides a vital ingredient to achieve this.

The document is the product of periodic consultations between the banking and finance sector, government service providers and rural industry organisations in Queensland. It represents the ongoing evolution of industry-led strategies to improve debt management services in the state. The current version reflects ongoing discussions to ensure the protocols are contemporary. As of October 2016, it is possible these may be superseded by legislated arrangements either in Queensland or nationally.

View the QFFS HERE.

  • Purpose

    The purpose of the QFFS to outline for financial institutions, farmers and their respective financial advisers* and financial counsellors* and representative organisations how to work together to:

    • promote objective assessment of financial viability of farming operations;
    • resolve financial problems as they arise;
    • promote a mechanism to achieve a timely and dignified conclusion to matters where a financial support arrangement is brought to an end, and so avoid the potential for conflict between the farmer and the financier(s).

    The QFFS recognises that both farmers and financiers are in business and that their relationship is based and defined by contracts which govern the provision of credit and repayments. It also recognises and identifies the following as key elements of a sound relationship between farmers and financiers:

    • access to and the use of professional advisers* and the adoption of sound financial management practices by the farmer;
    • encourage early recognition of farmers’ financial problems (including debt serviceability or farm viability) and identify opportunities and strategies for the reorganization of debt and assets if necessary;
    • a willingness by the parties to negotiate to resolve financial problems in a fair and reasonable manner including the availability of mediation prior to commencing enforcement action with respect to a farm mortgage by the financier.

    * Free services to assist eligible clients with their farm finance strategies are available from the Australian Rural Financial Counselling Service (RFCS). There are two services which, between them provide coverage across Queensland. Their head offices are based at Roma on 07 4622 5500 or Longreach and 07 4652 5666. Interested people may also approach their nearest counsellor directly – you can find their locations and details at: and

  • Mediation

    The QFFS recognises that financial and other institutions can lead to enforcement action. It includes important Farm Debt Mediation protocols (HERE) and identifies how a mediator may be obtained. QFF advises that farmers in need such assistance be familiar with the mediation services of such organisations as:

Queensland Farm Finance Strategy
The Queensland Queensland Farm Finance Strategy is product of a consultative process between the banking industry and rural industry organisations in Queensland and was originally developed as a joint initiative of the Queensland Farmers' Federation (QFF) and the Australian Bankers’ Association (ABA).
Download Now