News

Media outlets and journalists can contact our media team:

  • 0435 168 885
  • media@ric.gov.au
  • Callers from outside Australia use +61 435 168 885.

Members of the public and industry can connect with RIC through contact us.

RIC variable interest rate to change on 1 August

RIC variable interest rate to change on 1 August

The Regional Investment Corporation’s (RIC) variable interest rate is set to change on 1 August from 1.77 per cent to 2.17 per cent in line with a rise in the Commonwealth 10-year bond rate.

Photo of man with dog

RIC three-year anniversary and $3 billion in affordable loans approved for Australian farmers

The Regional Investment Corporation (RIC) is pleased to celebrate two significant milestones recently with its third year of operation on 1 July 2021 and $3 billion in loans approved for Australian farmers and farm-related small businesses.

man on farm

RIC Drought Loan helps Tasmanian farmer build water storage

Sam Elphinstone now has almost 70 per cent more water storage for his diverse farming business thanks to a Regional Investment Corporation (RIC) Drought Loan.

RIC talking AgriStarter Loan at Young Farmer Business Program Conference in Dubbo, NSW

RIC talking AgriStarter Loan at Young Farmer Business Program Conference in Dubbo, NSW

The Regional Investment Corporation (RIC) is pleased to participate in this week’s Young Farm Business Program (YFBP) Conference in Dubbo, NSW and expects plenty of interest in its AgriStarter Loan for new farmers and farm business succession.

Man working in forest

Federal Budget 2021 outcomes for the RIC

The Regional Investment Corporation (RIC) welcomes the Australian Government’s 2021-22 budget announcement that it will allocate $0.8 million to administer $37.5 million of existing RIC loan funding in 2021-22 for a new Plantation Development Concessional Loan to be delivered by the RIC.

RIC team at Agfest

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.

Bruce King, Craig Turner, Prime Minister Scott Morrison and Minister David Littleproud

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.

Photo of Jones family

RIC Drought Loan helps Jones family build farm business resilience

The Jones family are first-generation farmers from Katanning in the Great Southern Region of Western Australia, who say a Regional Investment Corporation (RIC) Drought Loan has been the lifeline they needed to manage through the drought.

Photo of new Executive Directors

New RIC Executive Directors announced

The Regional Investment Corporation (RIC) is pleased to announce the new Orange-based leadership team taking the organisation forward to build a stronger regional Australia through affordable farm and farm-related small business loans.

RIC variable interest rate to fall again

RIC variable interest rate to fall again

Farmers and farm-related small businesses will have even more financial breathing space with the variable interest rate to fall again on Regional Investment Corporation (RIC) loans from 1 February 2021.