Farm Debt Mediation Service

Eligibility for participating in the Farm Debt Mediation Service is based on the applicant's status as a farmer facing financial difficulties.

• The applicant must be a farmer experiencing difficulties meeting their financial obligations.
• Participation is voluntary and requires agreement from both the farmer and their creditor(s) to engage in mediation.

Who is eligible?

Who is not eligible

This program is designed to support farmers facing financial challenges. Specific types of companies and industries ineligible for this program are not detailed in the provided context.

There are evaluation and selection criteria for this grant. The criteria include:

• Financial need and viability of the proposed recovery plan
• Farmer's ability and commitment to implement the plan
• Good faith participation in the mediation process
• Willingness to negotiate and reach a mutually acceptable solution

Here are additional relevant details for this grant:

• The mediation service is voluntary, private, and confidential.
• A neutral forum is provided to facilitate discussions between farmers and creditors.
• Two sections define the mediation options: one includes a stay of proceedings, and the other does not.
• The majority of cases result in a signed agreement between the parties involved.
• A qualified financial consultant is provided to assist and guide participants through the process.