Impact and outcomes delivered

Agriculture is inextricably linked to the success of rural and regional Australia and is central to the social fabric of these communities and our iconic way of life. 

Across Australia, 79% of the agricultural workforce are employed in small farm businesses. (Source: ABS census)   

Since RIC started in July 2018, the total interest savings from RIC farm loans directly to farmers is estimated to be $268.47 million (as at 30 September 2023). These savings are generating spending in regional communities to ensure they remain strong, vibrant and sustainable.

In the 2022-23 financial year:

  • 140 loans settled valued at more than $144 million
  • 2921 loans settled since 1 July 2018 valued at more than $3.15 billion
  • 27 Drought loans approved valued at more than $28 million
  • 57 Farm Investment loans approved, valued at more than $58 million
  • 56 AgriStarter loans approved valued at more than $45 million
  • 77% of RIC workforce based in regional Australia

Loan funding in FY2024

Loan Impacts guage

Our customer footprint

Our loans are available nationally.

Australia map with customer footprint as at 31 October 2023
Map of Australia with RIC customer footprint as at 31 October 2023 

What our customers say

This year RIC release its RIC Farm Loans Customer Insights Report 2023 using independent research to explore what RIC loans mean to our customers, their outlook for their farm business and the agriculture industry. 

We’re proud to support our customers to get their farm business back on its feet after challenging times. A RIC low-interest loan can make a difference in a big way. 

In 2023, of more than 500 customers: 

  • 86% agree their RIC loan has given them greater confidence in the future of their farm
  • 88% agree their RIC loan has made drought, natural disaster or external disruption recovery easier
  • 83% agree their RIC loan enabled them to improve their drought resilience
  • 76% agree they have greater confidence in the agriculture industry
  • 55% agree their RIC loan enabled them to keep operating, with it their farm would not have survived

Read the full RIC Farm Loans Customer Insights Report 2023