Farmers say time is right to borrow for new tractors and equipment

Vernon Graham
April 12 2021 - 2:00pm
HEY BIG SPENDER: Big rural lender NAB says farmers are on a shopping spree to buy new tractors and equipment.
HEY BIG SPENDER: Big rural lender NAB says farmers are on a shopping spree to buy new tractors and equipment.

Latest data from big agribusiness lender NAB has underlined the present rush by farmers to borrow to update tractors and equipment in response to rain and the federal government's instant asset write-off scheme.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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