RIC (Regional Investment Corporation) Webinar

Free webinar to learn more

Come along to a free RIC webinar to learn more about how RIC’s low-cost Farm Investment Loan can help support farm businesses to rebuild and recover after external shocks that cause severe business disruption.

When: 18 September 2024 from 12pm-1pm AEST

How to register: Register online at www.ric.gov.au/events

For more on the Farm Investment Loan visit www.ric.gov.au/farm-investment

Did you know that the Australian Government has concessional loans for eligible farmers going through challenging times?

RIC (Regional Investment Corporation) is the Australian Government’s specialist farm business lender providing low-cost loans to farmer businesses in financial need to assist them to recover, rebuild and prepare for the future.

One of RIC’s loans, the Farm Investment Loan, provides up to $2 million over a 10-year term with the first five years interest only, then principal and interest for the next five years. The current variable interest rate is 5.18 per cent and there are no fees to apply, make extra repayments, or for early loan repayments.

To be eligible, farm businesses must show that their underlying business is solid, but that they need help to recover following an unforeseen event that has financially impacted their business, like drought or other natural disasters, disease outbreaks, or pest and weed incursions.

With increasingly dry conditions in parts of Victoria and various other weather and biosecurity events, impacting the State in recent times, a RIC loan could be an option to provide much needed financial relief to help farmers get back on their feet.

Other RIC Loans

RIC has various concessional loans to support farm businesses in challenging times to recover, rebuild and prepare for the future, including the Drought Loan, AgBiz Drought Loan, Farm Investment Loan and AgriStarter Loan. Check our eligibility and find out if a RIC loan is right for you on RIC website.