The Australian Government has established the Regional Investment Corporation (RIC).
From 1 July 2018, farmers will need to apply to the RIC for the Commonwealth’s farm business concessional loans.
The RIC will offer two loan products for farm businesses – Farm Investment Loans and Drought Loans.
For more information about the loans and eligibility requirements please contact the RIC on 1800 875 675 or visit the RIC website.
If you have an existing Commonwealth Concessional loan, the Rural Assistance Authority will continue to administer this loan. Please call 1800 678 593 if you have any questions about your loan.