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Date Time 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. In the three years since the RIC was established on 1 July 2018 it has approved loans valued at approximately $3 billion for Australian farmers and farm-related small businesses including over $2.1 billion for the 2020-21 financial year as at 30 June 2021. RIC Chief Executive Officer Bruce King said the RIC is proud to provide affordable loans to so many farmers and farm-related small businesses in financial need, including through one of the worst recorded droughts in Australia’s history. ....
Date Time $12.7 million to support growth and innovation in Australia’s forestry industry The Hon. David Littleproud MP, Minister for Agriculture, Drought and Emergency Management, Deputy Leader of the Nationals The Hon. Jonno Duniam, Assistant Minister for Forestry and Fisheries The funding includes $10 million for Regional Forestry Hubs, $1 million for a feasibility study into an Australia-wide National Institute for Forest Products Innovation and delivery of Plantation Development Concessional Loans. The Australian Government is providing $12.7 million in this Budget to support continued growth and innovation in Australia’s forestry industry. Minister for Agriculture, Drought and Emergency Management David Littleproud and Assistant Minister for Forestry and Fisheries Jonno Duniam said the investment would support existing and new Regional Forestry Hubs and improve the forestry industry’s research and development capacity. ....
The Hon David Littleproud MP Minister for Agriculture, Drought and Emergency Management • Significant investment confirms the Australian Government is backing the agricultural industry to reach its ambitious goal of $100 billion by 2030 • $400.1 million will be invested in biosecurity to build a more secure and resilient Australia and maintain our clean and green reputation • The government is also delivering on recommendations from the Bushfire Royal Commission The Morrison-McCormack Government is backing Australian farmers to help secure Australia’s recovery, committing around $850.0 million in funding to drive competitiveness, growth and resilience in agriculture and back-in the industry’s goal of $100 billion by 2030. Minister for Agriculture, Drought and Emergency Management David Littleproud said the initiatives announced in the 2021-22 Budget align with the themes identified through the Government’s Delivering Ag2030 plan, includ ....
Date Time RIC team talking AgriStarter Loan at Beef 2021, 2 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. CEO Bruce King said he is looking forward meeting with the beef industry and talking about how RIC loans might benefit their farm business by improving their resilience, profitability or providing a long-term option for succession planning. “We know succession planning is an essential part of many inter-generational beef operations and it’s important to get it right, which is where our AgriStarter Loan might be able to assist,” he said. ....