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We’re pleased to let you know that the AgriStarter Loan guidelines and application form are now available on our website at www.ric.gov.au/agristarter.
The AgriStarter Loan launched on 1 January 2021 and we’re now accepting applications.
The AgriStarter Loan has two uses:
- Supporting new farmers to purchase, establish or develop their first farm business
- Assist existing farm businesses with succession planning arrangements
If applying as a first farmer, you must demonstrate at least three years of relevant on-farm or equivalent experience. If applying using succession, at least one member of the farm business must have experience operating a farm business or a demonstrated potential to operate a farm business.
We’re really pleased to open the AgriStarter Loan applications and believe they’ll provide valuable support for new and intergenerational Australian farmers in building a strong and diverse agricultural industry.
The federal government announced in July 2020 that $75 million will be available for the AgriStarter Loan this financial year.
For more information on the AgriStarter Loan, including the guidelines, eligibility criteria and loan application form, please visit ric.gov.au/agristarter or phone 1800 875 675.
The RIC team.