Small farm borrowers need protection: MP

Small farmers should have extra protections when they take out loans because they make profits in cycles that extend over multiple years, according to an independent federal MP.

Rebekha Sharkie has presented legislation to parliament she says would even the playing field for small farmers, including by prohibiting lenders from unilaterally valuing any security given in respect of a loan.

"This is about small farming families, and we need small farming families," Ms Sharkie told parliament on Monday.