With the “perfect storm” of challenging conditions across regional South Australia, Regional Business Support (RBS), through the Rural Financial Counselling Service (RFCS) is providing critical assistance to help primary producers navigate these financially tough times.
RBS’s Rural Financial Counselling Service offers a range of free, confidential and independent services to support eligible farmers, fishers, foresters and small related enterprises to:
- consider the impact of the season on individual and family wellbeing
- understand their true financial position (income versus outputs, debt, insurance and oncosts)
- navigate their financial issues (might include debt management, refinancing options)
- consider long and short-term implications of market changes
- identify options for their business
- develop plans to manage cash flow and creditor payments
- access dispute resolution services
- consider transition to retirement and succession pathways
- seek broader professional advice and support
- access government and community grants, programs, or schemes
In addition to the financial counselling service, RBS offers further support through its Relief Fund, which provides small grants to help farming families with essential items such as groceries, medical bills, council rates, water, and school fees. This fund is designed to provide additional support to families who are engaged in RFCS.
RBS Chief Executive Officer, Brett Smith, is encouraging farmers to contact RBS at the first sign of financial strain.
“What’s important for producers to know is that we’re happy to meet with them face-to-face over a cuppa at the kitchen table. Our team is discrete and the service is free, independent and confidential.”
Rural finical counsellors from RFCS will attend a series of community breakfast bbq’s this week aimed to bring grain producers and the local community together at Keith, Loxton and Jamestown.
For more information or to contact Rural Business Support click here.
