RIC welcomes additional $2 billion for drought loans
The Regional Investment Corporation (RIC) welcomes the Federal Government’s announcement that an additional $2 billion this financial year will be made available to meet the demand for its drought-related loans with an additional $50 million in operational funding for the RIC over four years.
RIC celebrates two-year anniversary on 1 July 2020
Affordable farming finance provider the Regional Investment Corporation (RIC) is pleased to celebrate its two-year anniversary on 1 July 2020
RIC AgRebuild loan applications closing soon
Applications are closing soon on 30 June 2020 for the Regional Investment Corporation’s (RIC) AgRebuild loan (North Qld flood) for farmers and graziers affected by the North and Far North Queensland Monsoon Trough in early 2019.
RIC approves record $115 million in loans in one month
The Regional Investment Corporation (RIC) approved a record $115 million in loans for drought affected farmers and farm-related small businesses in April 2020 as the agriculture sector continues to benefit from the RIC’s affordable finance options.
RIC appoints WA Business Development Manager
The Regional Investment Corporation (RIC) has delivered on its promise to help Western Australian farmers access its affordable loans, with the recent appointment of WA Business Development Manager Steve McDougall.
RIC announces Karen Smith-Pomeroy as new Chair
The Regional Investment Corporation (RIC) today announced the appointment of Ms Karen Smith-Pomeroy to the RIC Board as Chair, succeeding Ms Prue Bondfield.
RIC response to COVID-19
As the global response to coronavirus (COVID-19) continues to escalate, the Regional Investment Corporation (RIC) is focused on maintaining its service delivery.
RIC AgRebuild loan Roadshow for North Queensland
The Regional Investment Corporation (RIC) will be on the ground in North Queensland between 18 – 20 February 2020 to discuss its AgRebuild loan (North Qld flood) with farmers and graziers affected
RIC’s variable interest rate drops another 1 per cent
The Regional Investment Corporation’s (RIC) variable interest rate on its Farm Investment loan dropped by 1 per cent to 2.11 from 3.11 per cent and its Water Infrastructure loan rate to 1.65 from 2.65 per cent, effective 1 February 2020, providing even cheaper finance for farming and water.
RIC updates national drought leaders on loans
Regional Investment Corporation (RIC) CEO Bruce King presented to key drought response and recovery leaders on the RIC’s support for drought-affected farmers and agricultural businesses in Orange today.