Australia's biggest agri-lender makes FMD announcement

IN response to the pressures farmers face from drought, the nation's largest agri-lender, National Australia Bank (NAB), will allow farmers to offset their Farm Management Deposits (FMD) against their loans.

Australia's biggest agri-lender makes FMD announcement Australia's biggest agri-lender makes FMD announcement Australia's biggest agri-lender makes FMD announcement Australia's biggest agri-lender makes FMD announcement Australia's biggest agri-lender makes FMD announcement

NAB boss Andrew Thorburn has announced the NAB will no longer charge penalty interest payments on farmers who fall into default on their loans. Image courtesy NAB.

NAB has also announced it will no longer charge penalty interest payments on farmers who fall into default on their loans.

FMD's allow farmers to remove money from their taxable income d...