Agribusiness

Farmland prices forecast to slow

This clipping is from the September 14 issue of The Australian Financial - Monday, 14 Sep 2020 - Page 35 After five years of strong gains, little growth is forecast for agricultural land prices over the next 18 months as east coast farmers focus on drought recovery and the economic slowdown weighs on farm revenue…

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Federal Government Announces Additional $2 Billion For Drought Loans

Key points An additional $2 billion announced for the RIC’s drought-related loansApplications for interest-free loan terms will close 30 SeptemberApplications received after 30 September will still have record low interest ratesAgriStarter Loan applications will open from 1 January 2021An additional $50 million in RIC operational funding to deliver more loans The additional funding is in…

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Australian Agricultural Land Price Outlook

Rabobank have an interesting article on land values that may be of interest to you - More Smoke, Less Fire - Australian Agricultural Land Price Outlook. Click below to download the article. More smoke less fire

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RIC rate drop puts cash back in farmer’ pockets

The Regional Investment Corporation’s variable rate across its suite of farm business loans will drop 47 basis points to 3.11 per cent from today - 1 August 2019. "On average our RIC rate is 2 per cent lower than the commercial lenders, which equates to a saving of $102,000 over the five-year interest only period.…

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Farm Innovation Fund Loans

The NSW Government has committed $1 billion to the Farm Innovation Fund under the Emergency Drought Relief Package 2019-20. From 1 July 2019, farmers can borrow up to a maximum of $1 million per project, with a total of $1,000,000 outstanding at any one time to build on-farm infrastructure, including stock containment areas. In addition,…

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