Drought loans for farm businesses

Drought Loans

Drought Loans provide loans of up to $2 million through the Regional Investment Corporation (RIC) for farm businesses to help prepare for, manage through and recover from drought.

What do you get?

Loans up to $2 million.

Who is this for?

Eligible farm businesses.

Overview

Drought Loans provide farm businesses with loans to help them prepare for, manage through and recover from drought.

The loans may be used to:

• feed and water stock
• refinance existing debt
• pay for operating expenses or capital
• enhance productivity
• fund drought-related activities

Loans of up to $2 million over a period of 10 years are available. The first 5 years will be interest only, followed by 5 years principal and interest. After 10 years, any remaining balance on the loan can be refinanced with a commercial lender.