|Description of this AgencyDescription of this Agency|
The Young Farmers' Finance Council was established under the Young Farmers' Finance Council Act 1979.
The Council's functions are to:
- encourage the establishment of young people in farming
- assist young people who have demonstrated an interest and ability in farming to become established as farmers
- advise and assist the Minister on the development of schemes to facilitate farming land purchases, leases or improvements for young farmers.
From 1979-1988 the Council was administered by the Rural Finance Commission (VA 1073). Then from 1988-2014 it was administered by the Rural Finance Corporation II (VA 2985).
As at 1 July 2014, the business and assets of Rural Finance Corporation were sold to Bendigo and Adelaide Bank. In 2016, the Young Farmers' Finance Council Act 1979 was repealed under the Rural Assistance Schemes Act 2016.