Children and adults standing among crop field.

Farm Investment Loan

Loans to make your farm business stronger, more resilient and more profitable.

Purpose

Strengthen your farm business. Take steps to access markets interstate or outside Australia.

Prepare for, manage through or recover from drought.

Use this loan to:

  • Refinance debt

    Refinance certain existing debt at our low interest rate to improve cash flow.

  • Enhance productivity

    Invest in new infrastructure, machinery or productivity enhancements.

  • Pay for expenses

    Pay for operating expenses or capital.

  • Fund drought-related activities

    Fund drought and natural disaster preparedness and management projects.

Loan terms

$2m
Maximum amount
3.04%
Variable rate
10
Year term
5
Years interest only
No fee
Extra repayments
No fee
Application
$0
Early settlement
Redraw
Not available
Percentage of total debt

At least 50% of your total debt must stay with a commercial lender.

Frequency of repayments

Tailored to the cash flow of the farm business.

Repayment structure

First 5 years interest only, then principal and interest for remainder of the 10 year term.

After 10 years, you can refinance any remaining balance with a commercial lender.

Full terms and conditions are available in the loan guidelines.

Eligibility

You
  • are an Australian citizen or permanent resident
  • contribute or plan to contribute at least 75% of your labour to the farm business(under normal circumstances)
  • earn or plan to earn at least 50% of your income from the farm business (under normal circumstances)
  • own or lease land and use it for farming purposes (includes agistment)
Your business
  • solely or mainly sell products into supply chains that are interstate or outside Australia, or plan to in the future
  • is in financial need of a loan
  • has the capacity to repay the loan
  • is financially viable in the long term
  • has existing commercial debt
  • is in the agriculture, horticulture, pastoral, beekeeping (apiculture), or aquaculture industry
  • undertakes all primary production aspects of the business wholly within Australia
  • is registered for tax purposes in Australia with an ABN and is registered for GST
  • operates as a sole trader, trust, partnership or private company
  • is not under external administration or bankruptcy
You must
  • provide security for the loan
  • secure the support of your commercial lender for the proposed loan
  • repay the loan
You cannot use this loan for
  • purchase of private and domestic assets
  • payment of private and domestic expenses
  • purchase of and/or investment in non-farm assets and payment of non-farm expenses
  • paying out dividends
  • reimbursement for depreciation of assets tax or other statutory payments
  • your own labour costs
  • anything that you have already received government funding for (except to refinance debt from previous concessional loans)
  • any other non-eligible use listed in the loan guidelines

Eligible industries

The eligible primary production activities undertaken by a farm business to access RIC’s Farm Business loans, are those listed as part of the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (Revision 2.0) codes for agriculture and aquaculture, with some exceptions.

View the details of primary production activities identified in DIVISION A – AGRICULTURE, FORESTRY AND FISHING of the industry classifications.

Before you apply

You need to check
You need to have
  • Australian Business Number (ABN)
  • financial history
  • identity documents
  • proof of your eligibility
  • your business cash flow budget
Ask us a question

We are here to help

Apply

There are two ways to apply for a Farm Investment Loan.

We encourage you to apply online.

You may need to contact your trusted financial advisor or the Rural Financial Counselling Service (RFCS) to help you complete your application.

  • Follow the Farm Investment Loan Document Checklist to ensure you submit a complete application.

  • The online form has mandatory fields and documents. You must supply this information to progress to the next stage of the form.

  • You must submit all required information so we can start assessing your application and provide an outcome as quickly as possible.

  • Once you begin you will have 30 days to submit your online loan application. You will receive a reminder at 10, 20 and 30 days.

Apply now Resume application

 

  • Follow the Farm Investment Loan Document Checklist on page 1 of the PDF application form.

  • We can’t start assessing your application until we get all the information we ask for, including attachments.

  • Submit your application to applications@ric.gov.au or send to:

Regional Investment Corporation, PO Box 653, Orange, NSW, 2800.

Farm Investment Loan application form

Complete this form on your computer or print and fill it in by hand.

  • Right click on the link above and select 'save target as' or 'save link as' to download the form.

  • Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.

  • Save the application form regularly as you are filling it in.

  • The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.

Resources

Guidelines

We will assess your application against the criteria in the loan.

Read the detail on who can apply for a loan and what happens after you apply.

Application form

Complete this form on your computer or print and fill it in by hand.

  • Right click on the link and select 'save target as' or 'save link as' to download the form.

  • Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.

  • Save the application form regularly as you are filling it in.

  • The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.

Cash flow budget

You must include your business cash flow budget with your application.

We will use this to help assess your financial position, and your ability to repay the loan.

If you do not have your own budget spreadsheet, you can use our template.

Note: This template may not meet government accessibility requirements. Contact us for help.

Statutory declaration

You may need to make a statutory declaration to support your application.

Commonwealth statutory declaration

Commonwealth statutory declaration

Guarantor asset and liability statement

You may be required to provide a guarantor's asset and liability statement with your application.

Guarantor asset and liability statement

Guarantor asset and liability statement

Guidelines

We will assess your application against the criteria in the loan.

Read the detail on who can apply for a loan and what happens after you apply.

Application form

Complete this form on your computer or print and fill it in by hand.

  • Right click on the link and select 'save target as' or 'save link as' to download the form.

  • Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.

  • Save the application form regularly as you are filling it in.

  • The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.

Cash flow budget

You must include your business cash flow budget with your application.

We will use this to help assess your financial position, and your ability to repay the loan.

If you do not have your own budget spreadsheet, you can use our template.

Note: This template may not meet government accessibility requirements. Contact us for help.

Statutory declaration

You may need to make a statutory declaration to support your application.

Commonwealth statutory declaration

Commonwealth statutory declaration

Guarantor asset and liability statement

You may be required to provide a guarantor's asset and liability statement with your application.

Guarantor asset and liability statement

Guarantor asset and liability statement

Help and support

If you have questions about your loan:

Call us on 1800 875 675

Email us through our online contact form

The Rural Financial Counselling Service (RFCS) can help with your application.

Customer stories

RIC loans are building a stronger regional Australia for farmers and farm-related small businesses.

Collage of four customer story images.