Drought

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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Drought Community Support Initiative Cash Payments

The next round of Federal Government Funding has now become available to drought affected areas and will be distributed by The Salvation Army and St Vincent de Paul Society.To be eligible for a cash payment under the Drought Community Support Initiative – Round 2, recipients must be:• 18 years of age or older, who are…

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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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Accessing Drought Support

Government agencies will be visiting towns to assess individual situations and provide assistance accessing drought support. Even if you are in doubt, please go long to talk to agencies about your situation.   Narromine | 9-12pm Tuesday 12 March Nyngan |9-12pm Wednesday 13 March Cobar | 9-12pm Thursday 14 March Download the flyer for more details.

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Drought Transport Subsidy Increase

Great to see a further increase to the Drought Transport Subsidy which has been increased by $10,000 to $40,000 for the period 1/01/2018 to 30/06/2019. Check the NSW Rural Assistance Authority website for all the details. Note that applications must be received by the NSW Rural Assistance Authority NO later than the 30th June 2019.…

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On-farm emergency water infrastructure rebate scheme for NSW

In October 2018, Prime Minister Scott Morrison announced $50m to fund an on-farm emergency water infrastructure rebate scheme to provide financial help to primary producers in drought-affected regions. Eligible primary producers can claim a rebate of 25% of the costs that relate to the purchase and installation of on-farm water infrastructure that addresses animal welfare…

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Transport Subsidy Emergency Drought Relief

The Transport emergency drought relief provides a subsidy on the transport of fodder and/or water to a property, stock to/from agistment and stock to sale or slaughter. These subsidies have no asset or income test attached. Assistance available A transport subsidy of up to 50% of the total freight cost is available to eligible primary…

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NSW DroughtHub

NSW DroughtHub provides a one-stop online destination for information on a vast range of services and support available to primary producers, their families and communities to prepare for and manage drought. Almost all the state is now in mild to severe drought and the NSW Government is committed to working closely with farmers, their families…

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