Tagged: KAP

Farmers’ bank idea has been tried before, and has failed

The Australian Institute for Progress today blasted calls for a “farmers’ bank”, saying the notion of taxpayers propping up failing rural businesses had been tried and had failed in the recent past. The Queensland-based policy think tank urged the Palaszczuk government to reject calls by Katter’s Australia Party to establish a Rural Reconstruction Board to take over debts of struggling farmers.