Will farmers get hit by LVR-style measures?

Loan to value restrictions on farmers are unlikely to do much good.

A somewhat over-heated interpretation of the Reserve Bank’s latest financial stability report this week suggested cow cockies will be the next group to have restrictions on low deposit lending imposed – just as house buyers had from the start of October.

Several reports have indicated the Reserve Bank is either about to, or is thinking about, loan to value (LVR) rules applying to farming.

 

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