The Regional Investment Corporation has released loans of up to $2m to assist first time farmers and loans to support farm succession arrangements.
Applicants can be eligible first time farmers wanting to buy, establish or develop their first farm or eligible farmers and farm businesses who are planning for and implementing succession arrangements.
Eligibility criteria includes the applicant planning to contribute at least 50% of labour to the farm business, a plan to earn at least 50% of income from the farm business and the providing of security for the loan.
Please view the full range of eligibility criteria here.
The AgriStarter loan also has a range of loan scenarios which may be helpful in understanding scenarios where this loan may be applicable. View these scenarios here.
For any assistance with the AgriStarter loan please contact your Hall Chadwick QLD Advisor.