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Regional Investment Corporation is open for business

The Regional Investment Corporation (RIC) opened on the 1st July 2018, offering new low-interest farm loans directly to farm businesses.

The RIC is the new national administrator of the Australian Government’s farm loans scheme and replaces the loan scheme offered through state delivery agencies such as QRIDA.

More Australian farm businesses will now be eligible for low-interest loans than ever before.

Farmers will also have more flexibility in how they use a RIC loan compared to the previous scheme.”

Eligible farmers will be able to apply for two loan products – drought loans and farm investment Loans.

Drought loans are for eligible farmers to prepare for, and prevail through, times of drought.

Farm investment loans will help eligible farmers build and maintain diversity in the markets they supply their product – both at home and overseas.

Farmers are encouraged to not self-assess. Please contact the RIC to discuss individual circumstances before deciding whether to apply.

Visit www.ric.gov.au for more information or call 1800 875 675 (8:30am – 5:30pm Monday to Friday local time) to speak to someone in our loans team. 

 


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Current weather warnings for Queensland, Australia including strong wind, gale, storm force and hurricane force wind warnings; tsunami; damaging waves; abnormally high tides; tropical cyclones; severe thunderstorms; severe weather; fire weather; flood; frost; driving; bushwalking; sheep graziers and other agricultural warnings.

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