RIC team on site for Agfest 2021 in Tasmania

The Regional Investment Corporation (RIC) team is pleased to be on site from 5 – 8 May 2021 at Agfest 2021, providing insight and answering questions on its affordable loans.

RIC Business Development Manager for Tasmania, Susie Lohrey, said the team is thrilled to be back in the paddock for Agfest 2021 and was particularly looking forward to talking about the RIC’s new AgriStarter Loan for new farmers and farm business succession planning.

“Our team is pleased to be back out supporting rural and regional events like Agfest and we encourage anyone at the event to come and chat to us,” she said.

“We are particularly excited to talk to new farmers and those going through succession about our new AgriStarter Loan.

“We’ve had plenty of interest in the AgriStarter Loan since it was launched in early January this year and expect its low interest terms may be of interest to those either looking to get into a farm business or effectively manage their farm business succession planning.”

RIC loans are available nationally and in addition to the AgriStarter Loan include the Drought Loan for drought preparation, management and recovery. There is also the AgBiz Drought Loan for farm-related small businesses and the Farm Investment Loan for innovation.

Since its inception in July 2018, the RIC has approved more than $21.5 million in loans for Tasmanian farmers as at 31 March 2021.

The RIC team will be located onsite at Eighth Ave, site 832, along with service providers including the National Drought and North Queensland Flood Response and Recovery Agency, Rural Business Tasmania, Services Australia, Anglicare Tasmania Financial Counselling, RuralBiz Training and Primary Employers Tasmania.

Agfest 2021 will take place at Quercus Park, Carrick, from 5 to 8 May 2021. For more information, visit agfest.com.au. For a full list of events the RIC will be attending around Australia, visit ric.gov.au/events.

Media Contact: Sarah Joseph | E media@ric.gov.au | M 0435 168 885

About the Regional Investment Corporation
The Regional Investment Corporation (RIC) is a federal government-backed specialist finance provider for farmers and farm-related small businesses. For the financial year to 31 March 2021, the RIC has approved more than 1,390 total loans worth more than $1.4 billion. Since its inception on 1 July 2018, the RIC has approved more than 2,185 total loans valued at over $2.3 billion as at 31 March 2021.