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You’re Not Alone: Support for Farmers Facing Financial and Emotional Strain

Drought, economic shocks from the Iran war, and the subsequent fuel and fertiliser crisis, have reverberated far beyond farm gates - impacting not only operations, but the wellbeing of farmers themselves.

Farmers are grappling with questions around decision-making, finances, and the availability of critical inputs like fuel and fertiliser.

‘I have to take it one day at a time otherwise I won’t get out of bed.’

This is one of the sentiments a Riverina farmer recently shared with RFCS NSW staff.

At times like these, talking to someone is more important than ever. Financial stress often leads to emotional strain, along with the mental health challenges that can follow. The reassuring news is that you don’t have to face it alone.

Rural Financial Counsellors are just a call or visit away, offering a free, trusted and confidential space to talk through your financial situation and explore practical next steps.

Understanding your financials
Gaining a clear picture of your financial position is the first step toward regaining control. Rural Financial Counsellors can help you break down complex financial information, identify where you stand, and provide clarity on income, expenses, assets, and liabilities, giving you a stronger foundation for decision-making.

Building a business plan
A well-structured business plan provides direction during uncertain times. Counsellors can work with you to develop a practical, tailored plan that reflects your goals and current circumstances, helping you map a path forward with greater confidence.

Identifying areas of risk
Understanding potential risks is key to protecting your business. Rural Financial Counsellors can help identify vulnerabilities - whether financial, operational, or environmental - and support you in developing strategies to manage and mitigate these risks.

Bank reviews and loan applications
Navigating bank requirements and loan processes can feel overwhelming. Counsellors can assist in preparing documentation, reviewing loan options, and communicating with lenders, helping you approach financial institutions with confidence and clarity.

Cashflow forecasting and budgeting
Cashflow pressures are a major source of stress for many farmers. Rural Financial Counsellors can help you develop realistic cashflow forecasts and budgets, enabling you to plan ahead, manage expenses, and make informed financial decisions.

Farm debt mediation
If you’re experiencing difficulty managing debt, support is available. Counsellors can guide you through farm debt mediation processes, helping facilitate constructive conversations with lenders and work toward sustainable solutions.

Accessing government support
There are a range of government programs and loans designed to support farmers during challenging times. Rural Financial Counsellors can help identify relevant assistance, guide you through eligibility requirements, and support you with applications, ensuring you don’t miss out on available support.

‘It has allowed me to continue when I thought all was lost.’

We’re here to help you find solutions, regain control, and move forward with confidence. You’re never alone in your journey to financial stability.

For more tips and guidance, download our ‘Unlocking Success’ booklet. 

‘We were undergoing a major event in our lives and had no idea how to proceed. Our RFCS counsellor gave us great advice and direction. They gave us options that were available to us so we could make the decisions that would best suit us.’

On top of ongoing concerns over fertiliser and fuel supplies, many NSW farmers are now facing the added worry of worsening drought conditions, further compounding anxiety and stress.

RFCS NSW, in partnership with the Rural Adversity Mental Health Program, offers a resource to help recognise the signs of financial stress and provides practical strategies to manage pressure and support mental wellbeing. Download your copy here. For additional mental health resources, visit the Rural Adversity Mental Health Program. 

For a comprehensive list of mental health and wellbeing support services, visit the National Centre for Farmer Health support hub. 

If you or anyone you know needs immediate help, please reach out:

  • Lifeline – 13 11 14
  • Beyond Blue – 1300 224 636
  • Suicide Call Back Service – 1300 659 467
  • 13YARN – 13 92 76
  • Kids Helpline – 1800 551 800
  • Headspace – 1800 650 890