Debt Levels of Australian Famers at High Levels

Debt lending to Australian farmers is at high levels and many farmers are over extended with many different, diverse lines of credit according to ABC Rural.  Banks have been lending without much scrutiny for business plans.

This is important to the growth of the , GIS/Geomatics/UAV market in Australia.  While some farmers may have lines of credit open to cover operations, many will be overextended to not be able to cover UAV flights for crops or software licenses (e.g. Hexagon’s Power Portfolio Suites).  There may be a opportunity but with global commodity prices low at the moment for many crops, much of the financial over-extension will be just to keep the farm operations afloat and not invest in UAVs or Geospatial/Geomatics software to invest in the future for streamlining operations.

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About Chuck Schoeneberger

Former forecaster at Meridian Environmental Technologies Inc (now a Interis Company), with a background in GIS and LiDAR, with other stints at GeoSpatial Services of Winona, MN and Aerometric (Now Quantum Spatial) of Sheboygan, WI. He is a weather technologist for public storm safety from a local to international level. LinkedIn Profile: http://www.linkedin.com/profile/view?id=25048141&trk=tab_pro His views are his own and not of his employer.
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