Additional Funding Opens for Farm Concessional Loans

The Federal Government has released an additional $1 billion through the Regional Investment Corporation to ensure eligible farmers can continue accessing concessional loans.

The funding is designed to help producers manage financial pressure, maintain cash flow and invest in the long-term resilience of their businesses, particularly as many regions continue to face difficult seasonal conditions.

More than 3500 concessional loans worth over $3.75 billion have already been delivered to Australian farmers and farm-related businesses.

The Corporation's Drought Hardship Loan remains available for producers affected by drought for at least two years, offering loans of up to $250,000 over five years, with no repayments required during the first two years.

Agriculture Minister Julie Collins is encouraging eligible farmers to contact the Regional Investment Corporation to explore the support available.