Farmers in tears after banks take land

At the mercy of the elements Lindsay Dingle thought the life of a farmer was hard enough.

Then there was a knock on the door that has brought him 40 months of turmoil.

Mr Dingle had a cattle, cropping and fodder property outside of Bundaberg in Queensland for 13 years.

In 2011 and 2013 the property was hit with floods, and then a big dry.

He owed the bank $600,000 and receivers rocked up without warning.

“They come in the door nine o’clock one morning and say you’ve got two minutes to get your medication and get off,” Mr Dingle told AAP on Wednesday.

“The people in the system, they almost get off on it… they’re just ruthless.”

Mr Dingle’s voice trembles as he describes how he was made to feel like a criminal during the ordeal because he had a gun licence.

A police presence had been organised on the assumption he would become dangerous.

“I’m not ordinarily a sook,” he said, wiping away tears.

The worst was to come, the property was sold off in a rush, in 10 weeks during a drought declared period over the Christmas holidays.

The property, valued at $1.3 million, was sold for $590,000 – seven times less the value of a similar property further upstream.

Mr Dingle recounted how during the eviction the receivers had tipped the contents of the family’s freezer on the lawn and left it to rot.

Farm equipment was looted over subsequent weeks and the police declined to investigate.

“”I was threatened with trespass if I went back to the property.”

Mr Dingle, was one of the scores of farmers who gave evidence to a special Senate inquiry about the indignity experienced by some debt-laden primary producers in their dealings with the banking sector.

One Nation pushed to establish the hearings in lieu of a royal commission, and the inquiry’s report is due to be tabled in parliament later on Wednesday.

Mr Dingle, whose children paid for him to come to Canberra, hopes one of the recommendations will be appointing independent mediators who can bring some level of empathy to the process.

One Nation Leader Pauline Hanson wants the royal commission into financial sector misconduct to consider the report’s findings and show some compassion to farming families.

“Lives have been lost, families destroyed,” she told reporters.

Source: http://www.queenslandcountrylife.com.au/story/5105433/farmers-in-tears-after-banks-take-land/

9 Comments Add yours

  1. Lorraine Gould says:

    I’m absolutely disgusted ! Perhaps power hungry LNP politicians are happy to get their hands on cheap lands & then sell on …….to ? That’s why they don’t want a Royal Commissioninto into Banking Practices . Maybe this is another question to be put directly to the Australian people to have a mail out vote on – I’m positive how it would be decided !

    Like

  2. Jan Cuneo says:

    Disgraceful…..what year are we talking…1940s….come on people

    Like

  3. Yvonne Lonsdale says:

    The bloody mongrels, eaven tipping out frozen food who’s to say the dire straights they were in at the very least let them take there food, I hope those mongrels have the same happen to them, my wish for 2018 .

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  4. Christopher Cosentino says:

    I see a politician, who fights for Australians, who has pushed for a senate inquiry at the least. Even though the people have let this politician down, she still fights for the hard workers. Keep it up Pauline, maybe these people will realize how wrong they have been, and vote you into kick some ass.

    Aussie Expat in Canada

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  5. This is the type of deplorable behaviour that the banks should be facing the Royal Commission to explain. Don’t for one minute think it has only taken place with a Liberal government in charge of the country.This type of behaviour has been repeated without question when labor was also in power and over very many years. . This is why a royal commission must have wide perimeters. These victims of the big bank ‘blatant theft’ must be heard, this criminal behaviour must be thoroughly investigated.

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  6. Adriana tolefo says:

    This is disgusting treatment of a farming family .
    Farmers are so important how can this be legal to sell off their land for peanuts.
    This is not Australian it’s criminal by greedy banks.
    They did not even have time to take their belongings or have the opportunity to sell faring equipment .

    Like

  7. John Sjolander says:

    Was it sold at auction or privately to someone to profit from a resale. Surely there must be laws to make sure it is done properly at public auction.

    Like

  8. Philip Cook says:

    Who is going to be running this country soon China, Is this what the pollies are working for

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  9. Steve chapman says:

    When will we find an Australian government of any sense of compassion and value to wake up to the fact that banks have been buying up pastoral leases from debt collectors only to double the value of land then call in these loans to be paid in a very short time knowing full well that any farmer has no chance in hell of paying on time. Then on selling them offshore to foreign investors making a quick profit. I have no qualms if a debt collector is blown away by a farmer if only for the government to realize how bloody hard it is to live off the land. They seem to forget Australia was built on the backbone of farms, how easy they forget. And just as a comment most of these farmers fought for our country, to make it what it is today. Banks are as everyone knows the biggest robbers in this country and we worry about terrorism!! God help us!!!

    Like

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