Late in 2019 the Coalition Government set up a loan scheme for drought-affected farmers under the Regional Investment Corporation (RIC), yet drought-stricken farmers face waiting times of up to a year.
The scheme is appropriately generous with no application or exit fees, two years’ interest free, then three years’ interest only. Loans of up to $2 million can be issued. The scheme is overseen by Minister for Water Resources, Drought, Rural Finance, Natural Disaster and Emergency…
