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Ag banking, down under style!

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  • Herbst, Richard

Abstract

Australia's population is currently about 19 million people, who are predominantly located on the eastern seaboard. The country is roughly the same size as mainland US - except Alaska - and is divided into 6 states and 2 territories. Agriculture is one of the most dynamic industries within the Australian economy and has been so since the country was settled as a convict colony in the late 18th century. The farming industry is in a consolidation phase at present, with about 1% of farmers leaving the industry per year. The National Australia Bank has about 30% market share of Australian farm debt, and, as a group, there is total agricultural lending of $12 billion. This is serviced by more than 500 specialist agricultural banks around the world.

Suggested Citation

  • Herbst, Richard, 2000. "Ag banking, down under style!," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 13(3).
    • Handle: RePEc:ags:abajal:336525
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    File URL: https://ageconsearch.umn.edu/record/336525/files/ers2022-23-0483.pdf
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