But with commodity prices looking good, banks are also reporting that the splash of cash comes on the back of a good period of debt repayment.
It was only a couple of years ago that there was real concern about farm business debt, particularly in the dairy sector.
And with the cost of compliance rising as regulations come online, having a strong business with a good balance sheet will be vital to meeting future needs.
As mentioned last week, banks are willing to work with farmers to meet those needs by providing low-interest loans to improve on-farm sustainability.
So with willing participants with a bit of cash to play with, the sector looks well set up for the future.
Farmer debt landscape changing
As they locked down with the rest of the country last year during the covid pandemic, farmers were also nailing down debt levels and focusing strongly upon principal repayments.
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