Producers accessing low-interest loans to restock

The Queensland Rural Adjustment Authority has reported an influx of applications for low-interest loans in recent months to help producers restock or replant. Agriculture Minister Leanne Donaldson said while it was still too early to say the “drought is over”, it was clear many producers are now preparing for life after the long-running drought. QRAA received $75 million to support new lending under the Drought Concessional Loans Scheme and the Drought Recovery Concessional Loans Scheme and funds are still available. “With interest rates at a record low of 2.66%, and up to $1 million available under each scheme for eligible farmers,…

Source: Beef Central
Producers accessing low-interest loans to restock