RIC (Regional Investment Corporation)

RIC offers low-interest loans to strengthen Australian farm businesses in tough times.

Farmers who have experienced a significant financial impact caused by events outside of their control are encouraged to find out more about RIC loans.

Funded by the Australian Government, RIC (Regional Investment Corporation) delivers low-cost loans that can help farmers gain the financial ‘breathing space’ they need to get back on their feet after significant financial disruption from drought, natural disasters, disease outbreak, unexpected market closure and other cumulative events.

RIC loans can also be used to secure a first farm business or support farm business succession arrangements.

Refinancing part of your commercial debt at our low variable interest rate can help improve cash flow to:

- pay bills and operating expenses

- invest in capital infrastructure, machinery, water storage, fencing and stock

- plan and fund risk mitigation activities such as market diversification or access to new markets interstate or overseas

- adapt practices to enable greater financial confidence to be ready and better prepared for future potential impacts.

RIC loans provide up to $2 million over a 10-year term with the first five years interest only, then principal and interest repayments for the next five years. The current variable interest rate is 5.18 per cent effective 1 February 2025 until it is next reviewed in 6 months. There are no fees to apply, make extra repayments, or for early loan repayments.

Visit the RIC website to find out more about how RIC loans can help eligible farm businesses, take our quick quiz to understand eligibility criteria and find out more ric.gov.au/apply

To register for our webinar visit ric.gov.au/events