RIC (Regional Investment Corporation) is pleased join farmers, agribusiness and industry leaders at TasFarmers’ FarmX 2025 conference at Woolmers Estate, Longford on 21 August 2025.
RIC Chief Executive Officer John Howard will be on the main stage during the morning program joined by two Tasmanian RIC loan customers, Adam Greenhill, a sheep, vegetable and grape producer from Cranbrook and Drew Carter, a dairy producer from Rosemont, to discuss low-cost loans for Tasmanian farmers.
“RIC exists to help farmers in tough financial times outside their control due to drought and other events to improve their cash flow to better manage through and get back on their feet. We also provide low-cost loans for first farmers and succession planning,” said Mr Howard.
“RIC has an important role at the conference to highlight how low-interest loans are making a significant contribution to the FarmX theme of ‘shaping the future of farming together’. We look forward to discussing how we work with farmers, their commercial lenders, and other trusted advisers to strengthen their farm business in tough financial times and improve their risk position to be ready for the future.”
Since RIC was established on 1 July 2018, 35 loans have been settled for Tasmanian farmers valued at over $40 million as at 31 July 2025. RIC has approximately $328 million remaining for new farm business loan funding available until 30 June 2026.
Media Contact: E media@ric.gov.au | M 0435 168 885
Photo/ filming opportunity: 9:45am-10:15am on FarmX Main Stage with RIC CEO, John Howard and RIC loan customers. Interviews available upon request at the morning tea break afterwards.
About RIC
RIC (Regional Investment Corporation) is an Australian Government farm business lender providing low-interest loans for farmers and farm-related small businesses in financial need to strengthen Australian agriculture. RIC loans can be used for management, recovery and future proofing following severe business disruption due to drought, natural disasters, biosecurity issues or other significant market events.
RIC loans can also help farm businesses to establish farm businesses for first generation farmers or succession planning for next generation farmers. RIC’s vision is to build thriving regional communities. Since 1 July 2018 RIC has settled 3419 loans valued at more than $3.63 billion as at 31 July 2025.