The Hon David Littleproud MP
Minister for Agriculture, Drought and Emergency Management
Farmers and farm-related small businesses across regional Australia will be further supported from today, with the interest rate on Regional Investment Corporation (RIC) loans dropping to a record low of 1.77 percent.
This interest rate drop to record low levels, comes as part of a regular six-monthly review of the RIC’s concessional interest rate.
Minister for Agriculture, Drought and Emergency Management, David Littleproud, and Minister for Finance, Simon Birmingham, said the reduced interest rate would provide significant financial assistance to farmers and farm-related small businesses that are in most financial need.