Coming to a dairy farm in New Zealand soon....

ANZ calls halt to farm foreclosures in drought-hit Queensland and NSW

ANZ Bank will stop forcing drought-stricken farmers from their land in hard-hit parts of Queensland and northern NSW for the next year.

The chief executive of ANZ’s Australian arm, Phil Chronican, told The Australian he was imposing an immediate moratorium on all forced farm foreclosures in drought-affected west and north Queensland and northern NSW until January 2016 to address the current farm debt crisis rocking northern Australia.

Moving to stem a tide of bad publicity, Mr Chronican said the bank wanted to be on “front foot” to waylay community anger at so many farmers being forced off their farms by the banks.