To be eligible for a Farm Investment Loan you must demonstrate that your farm business is in financial need of a loan.
RIC will consider four key factors, while taking into account the individual circumstances of each farm business:
- Cause of impact outside the control of the farm business.
Significant impacts could include natural disasters, forced destocking, disease outbreaks, pest or weed incursions.
- Significant financial impact.
- Duration of the impact.
You must demonstrate the impact has been (or will be over) a 2 year period.
- Cumulative impacts.