Are you feeling the effects of drought or other natural disasters? Looking at succession planning or purchasing or developing your first farm? Find out more about how RIC (Regional Investment Corporation) loans can help eligible farm businesses recover, rebuild and prepare for the future.
Free webinar
RIC is hosting a free online ‘RIC Ready’ webinar on everything you need to know about RIC concessional loans. This is an opportunity for farmers, financial advisers, and business planners to get more information about loan benefits, eligibility and the application process, and answers to the most frequently asked questions about RIC loans.
- When: Wednesday, 12 March 2025, 12 noon – 1:00 pm AEDT
- Where: Online via Microsoft Teams
- Register: ric.gov.au/events
A recording will be emailed to registered participants after the event.
Participants will gain RIC loan insights from specialists who know farming, finance and regional Australia, including a RIC Agri Lending Manager and Rural Financial Counsellors from South Australia and Western Victoria.
As RIC loans are not for every farm business, this webinar is designed to make it easier to understand the key features and benefits of RIC loans, who is eligible, and how to apply.
About RIC loans
- RIC (Regional Investment Corporation) is an Australian Government specialist lender providing low-cost loans for farmers and farm-related small businesses experiencing financial challenges.
- RIC loans provide up to $2 million with a current variable interest rate of 5.18 per cent.
- RIC loans are designed to strengthen Australian farm businesses by improving cash flow to support management, recovery and preparedness following significant financial impact due to drought, natural disasters and other unforeseen business disruptions.
- RIC loans can also help first-generation farmers or support succession planning for the next generation.
- RIC loans create breathing space following business disruption with interest-only payments for the first five years, and allow for rebuilding and future proofing with low interest principal and interest repayments for the remainder of a 10-year term.
- There are no application fees, ongoing management fees, or penalty fees for extra or early repayment.
- Since 1 July 2018, RIC has settled 3,258 loans valued at more than $3.5 billion as of 31 January 2025.
For more about RIC, visit the website ric.gov.au