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Farm Deposits Scheme

Rural News

Record grain crops, high livestock prices, and booming exports is likely to drive an increase in deposits to the Farm Management Deposits scheme.

The tool allows farmers to put money away from good years, and access it during a downturn.

Rural reporter Eddie Summerfield spoke with NAB’s Agribusiness General Manager Khan Horne who is forecasting deposits will eclipse $6 billion next month.

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