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The Australian Government has introduced the RIC Drought Hardship Loan to support farm businesses experiencing severe and prolonged drought.

The loan provides up to $250,000 over five years, at the RIC’s concessional interest rate (currently 5.18 per cent), with a two-year repayment holiday, to help farmers manage essential operating costs and improve cash flow during extended dry conditions.

It is available to eligible farm businesses that have managed through at least 24 months of drought and expect further impacts ahead. The loan complements other drought support and can be accessed alongside state and territory programs.

ric.gov.au – Learn more about the Drought Hardship Loan
drought.gov.au – Australian Government drought support