Agriculture
Agriculture, Business

AgriStarter Loan

Funder:  Federal – Regional Investment Corporation

Grant Background: The Regional Investment Corporation provides loans to assist first time farmers and loans to support farm succession arrangements.

Use this loan to​:

  • fund the purchase of an existing farm business, including land, infrastructure and other farm business assets
  • fund the purchase of land, infrastructure and other farm business assets as part of establishing or developing a farm business
  • buy out relatives during farm business succession
  • pay costs associated with the succession planning process
  • pay for legal costs or stamp duty

$ Available: Up to $2million per loan.

Eligibility: There are two kinds of AgriStarter loans – first farmer loans and succession loans.

You can apply for a first farmer loan if you are seeking to purchase, establish or develop a farm business in which you hold or will hold the sole interest or a controlling interest. You can apply for a succession loan if your farm business is undertaking or has undertaken succession planning.

You:

  • are an Australian citizen or permanent resident
  • contribute or plan to contribute at least 50% of your labour to the farm business
  • earn or plan to earn at least 50% of your income from the farm business (under normal circumstances)

 Key Dates: This programme is open on an ongoing basis.

For More Information or to Apply:  CLICK HERE

Happy to chat if you need a hand with your application and please share this grant opportunity with anyone who may be interested. Good luck, Melanie

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