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A RIC AgriStarter Loan has two key aims: 

1. Help first generation farmers obtain their own farm business, and 2. Support next generation farm businesses with their succession plans, helping to keep Australian farms in the family. The loan can be used to refinance debt, purchase existing farm businesses, land, or infrastructure, or fund succession activities such as buying out relatives or pay succession planning costs. 

To see if an AgriStarter Loan is right for you, take our eligibility quick quiz at ric.gov.au/quickquiz 
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A RIC Farm Investment Loan can help eligible farm businesses to recover and prepare after a severe business impact from drought, natural disasters, or biosecurity event. 

The loan can be used to fund risk management activities, refinance debt to improve cash flow, enhance productivity, and paying for operating or capital expenses to build your farm business. 

To see if a Farm Investment Loan is right for you, take our eligibility quick quiz at ric.gov.au/quickquiz
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A RIC Drought Loan can help eligible farmers prepare, manage through and recover from drought. 

Fund measures including water efficiency techniques, accumulating feed reserves, pay outstanding bills, pay for fodder or water cartage, planting or restocking. 

If your farm business suffered a significant financial disruption because of drought over the past five years, you may be eligible for a Drought Loan. 

To see if a Drought Loan is right for you, take our eligibility quick quiz at ric.gov.au/quickquiz
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The variable interest rate on all concessional farm business loans including AgriStarter, Farm Investment, Drought, and AgBiz Drought, is 5.18% effective from 1 August 2024. 

RIC interest rates are only reviewed twice a year bringing some certainty to RIC customers in planning their financial forecasts Since the start-up of RIC in July 2018, RIC concessional loans have saved customers an estimated $307 million in interest repayments. Farm businesses with a concessional RIC loan benefit from no application fees, no ongoing management fees, and no penalty fees for extra or early repayment. 

RIC loans are not suitable for every farm business, eligibility criteria apply. Learn more here ric.gov.au/before-apply
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RIC low-interest loans for eligible farm businesses

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Dear Member, 

Is your farm business feeling the effects of prolonged and severe drying conditions or other natural disasters? Looking at succession planning or purchasing or developing your first farm? Find out more about how RIC loans can help eligible farm businesses recover, rebuild and prepare for the future. 

RIC Ready webinar replay 

RIC recently hosted a free online 'RIC Ready' webinar on everything you need to know about RIC concessional loans. This was an opportunity for farmers, financial advisers, and business planners to get more information about loan benefits, eligibility and the application process, Specialists who know farming, finance and regional Australia, including a RIC Agri Lending Manager and Rural Financial Counsellors from South Australia and Western Victoria were available to answer the most frequently asked questions about RIC loans. 

To understand if a RIC loan is right for your farm business, view our RIC Ready and recent loan product webinars to learn more. ric.gov.au/webinars

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Are you eligible for a RIC low-interest farm loan?

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Dear Member, 

RIC loans are not for everyone, but they are there to support farm businesses to manage through, recover and prepare for drought or significant financial disruption caused by severe impacts outside of your control. 

RIC’s low-interest loans directly benefit farm businesses Australia-wide, and they are helping South Australian farmers right now who have been impacted by drying conditions, saving them thousands of dollars in interest payments each year. These interest savings to improve cash flow so they can manage through, recover and rebuild.

This financial ‘breathing space’ enables farmers to plan, fund risk mitigation activities and adapt practices to be ready and prepared for potential future business impacts. 

To find out if a RIC loan is right for you, in less than a couple of minutes our quick quiz tool will guide you on the key eligibility criteria to help you make the right decision for your farm business. Simply jump online here