The Rural Financial Counselling Service began nationally in 1986 after a meeting of rural community groups. The decision was made to support the development of local financial counselling groups within regions that were deemed to be in difficulty through drought, depressed commodity prices and increasing interest rates with Rural Financial Counsellors appointed throughout South Australia.
In 2006 a new state wide service, the Rural Financial Counselling Service SA, commenced and replaced the 12 existing regional based Rural Financial Counsellors that were managed by volunteer committees.
At the peak of the drought in 2007, the 12 rural financial counsellors increased to 21.
In 2011 Rural Business Support was formed, expanding its services to the whole agribusiness sector.