NSW Farm Innovation Fund
Who: New entrant farmers, meaning you have been operating your business for between 12 months to three years, and more than 50% of your gross income will be derived from the farm business within three years of the date of application.
Purpose: Loan funding to help meet the costs associated with carrying out capital works that will have a significant beneficial impact on the land, long term profitability of the business and address adverse seasonal conditions. Such works would fall into four main categories and include the following examples but not limited to: Drought Preparedness, Environment, Farm Infrastructure, Natural Resources.
Amount: A loan of up to 100% of the net, GST exclusive cost of the works to a maximum of $1,000,000 with a maximum of $1,000,000 outstanding at any time.
Closes: Ongoing, subject to available funding
Victorian Primary Producer Flood Recovery Concessional Loans
Who: Eligible primary producers in flood affected Victorian areas.
Purpose: To help directly affected primary producers with loans of up to $250,000 to restore or replace damaged assets and met general expenses incurred while the clean-up is underway.
Amount: Up to $250,000
Closes: Yet to be advised
The concessional loan is a commercial loan agreement offered at a discounted rate. Applicants must demonstrate the capacity to repay debt based on historical cash flow and provide adequate land security. For further guideline information, click here.
Managed by Rural Finance on behalf of the Victorian and Commonwealth Governments.