Skip to main content
Financial Assistance Hub

Banks back Aussie farmers with record lending

Banks back Aussie farmers with record lending

15 November 2024

Australian banks continue to back growth and innovation across the farming sector with agribusiness lending now at record levels, exceeding $131 billion for the first time.

The Australian Banking Association is highlighting the banking sector’s ongoing support for Aussie farmers this National Agriculture Day. Lending to agribusinesses has skyrocketed over the last year, rising 9.4 per cent in the year to September to a record $131 billion.  

ABA CEO Anna Bligh said banks would continue to back Australia’s agriculture industry, ensuring that farmers have the financial resources they need to thrive.

“There is no doubt that Aussie farmers are the workhorses of our economy,” Ms Bligh said.

“Australian banks are deeply invested in the success of Australian agribusinesses. Banks will always be there with our farmers during the good times and through the tougher times.

“Whether it be loans for livestock and new machinery or hardship assistance in times of natural disasters, Australian banks will continue to stand side-by-side with our agricultural producers.

“A strong farming sector helps drive Australia’s economic growth. It’s critical that farmers have access to the credit they need to grow and innovate.

“As the farming sector evolves, banks will continue to collaborate with the sector, governments and industry stakeholders to ensure product and service offerings support the needs of Australian agriculture long into the future.”

For more information on lending to Australian Agribusinesses visit: https://www.ausbanking.org.au/insight/lending-to-agribusiness/

Contact: Benn Ayre | [email protected] | 0428 342 325
Twitter | Facebook | LinkedIn | www.ausbanking.org.au

Latest news

1 / 3
Transcript
Anna Bligh interview with ABC Perth on credit card access
1 August 2025

EO&E Nadia: Banks has been a big topic of discussion on the show this week because, of course, we’ve just been talking about behavioural security that the bank is bringing in. Earlier, I was telling you during the week that older women can’t get a credit card in their own name. They’re secondary card holders… Read more »

Read more
Media Releases
Joint Group of Industry Organisations statement in response to Productivity Commission report
1 August 2025

The Productivity Commission proposal to tax business cash flow is an experimental change that hasn’t been tried anywhere else in the world. This tax increase risks putting more pressure on all Australians still struggling under cost-of-living pressures. While some businesses may benefit under this proposal, it risks all Australian consumers and businesses paying more for… Read more »

Read more
Media Releases
Banks welcome APRA commitments to support more competition in Australia’s banking system
24 July 2025

The ABA welcomes APRA’s commitment to boosting competition for Australia’s mid-tier and international banks. In a speech today to the ABA’s Banking 2025 Conference, Chair John Lonsdale announced that APRA would: ABA CEO Anna Bligh said it was customers who would ultimately benefit from a strong and competitive banking system. “Today’s announcements from APRA will… Read more »

Read more