Bill Fletcher
March 13, 2015
The Queensland Rural Adjustment Authority is warning rural producers that applications for Farm Finance Concessional loans close soon.
Farmers experiencing debt servicing difficulties have until April 30 to apply for concessional loans of up to $1 million under the Farm Finance Concessional Loan Scheme.
QRAA says the recent interest rate cut to 4.34 per cent for these loans provides further incentive for producers to submit their applications before the deadline.
Also available are Drought Recovery Concessional Loans. Severely drought-affected farm businesses can apply for a Drought Recovery Concessional Loan to access low interest finance to restock or plant crops or pasture.
Applications close June 30.
Producers are also invited to learn about low interest loans to improve sustainability.
Interest rates for Productivity Loans are currently fixed at 3.72 per cent for one year, 3.76 per cent for three years and 3.88 per cent for five years (subject to change July 1, 2015).
For more information about any of the above programs, contact QRAA Client Liaison Officer Bill Fletcher on (07) 4160-0716, mobile 0417-778-317 or by email
