RIC team talking AgriStarter Loan at Beef 2021, 2-8 May 2021

The Regional Investment Corporation (RIC) is pleased to join the line-up at Beef 2021 in Rockhampton this week to provide information and answer questions on its loans, including the new AgriStarter Loan for new farmers and succession planning.

CEO Bruce King said he is looking forward meeting with the beef industry and talking about how RIC loans might benefit their farm business by improving their resilience, profitability or providing a long-term option for succession planning.

“We know succession planning is an essential part of many inter-generational beef operations and it’s important to get it right, which is where our AgriStarter Loan might be able to assist,” he said.

“The AgriStarter Loan can also be used by first time farmers wanting to buy, establish or develop their first farm.

“We’re receiving plenty of interest since the loan launching in January this year and the team will be available all week to answer any questions so please pay us a visit.

“We are also pleased to support the beef industry through our low cost loans with more than $500 million approved for specialised beef cattle farmers including feedlot operators as at the end of March 2021 and more than $1.15 billion approved for mixed farming enterprises.

“Finally, our Drought Loan which can be used to prepare for, manage through and recover from drought is also available. While drought conditions may have eased in parts of Queensland, farmers are still re-stablishing their herds and may benefit from our low interest terms.”

The RIC team will be at the Sidney Kidman Pavilion at site SK44 all week to talk about the options low-interest loans can provide for farmers and farm-related small businesses.

Mr King is also a guest on The Weekly Times Beef Brekkie Show on Friday, 7 May 2021 at the Auctions Plus marquee from 8.30am.

Media Contact: Danielle Riley | E media@ric.gov.au | M 0439 417 379

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 valued at over $1.4 billion. Since its inception on 1 July 2018, the RIC has approved more than 2,185 total loans valued at more than $2.3 billion as at 31 March 2021.