{"id":21420,"date":"2013-01-25T11:21:18","date_gmt":"2013-01-25T01:21:18","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=21420"},"modified":"2023-11-20T12:48:20","modified_gmt":"2023-11-20T02:48:20","slug":"interest-rate-cut-for-farmers","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2013\/01\/25\/interest-rate-cut-for-farmers\/","title":{"rendered":"Interest Rate Cut For Farmers"},"content":{"rendered":"

January 25, 2013<\/strong><\/p>\n

Agriculture Minister John McVeigh has announced a cut in interest rates for the State Government\u2019s First Start and Sustainability Loans to stimulate further investment and support for Queensland\u2019s agricultural sector.<\/p>\n

Mr McVeigh said the cut in interest rates would be great news for Queensland producers.<\/p>\n

\u201cThis will help them invest in infrastructure improvements, land purchases and equipment, leading to more sustainable primary production,\u201d Mr McVeigh said.<\/p>\n

The new fixed interest rates on First Start and Sustainability Loans drawn down from January 1, 2013, to June 30, 2013, are:<\/p>\n

<\/p>\n\n\n\n\n\n
Term
<\/strong><\/td>\n
Interest Rate<\/center><\/strong><\/td>\n<\/tr>\n
1 year fixed<\/td>\n4.18% (down 0.06% from 4.24% as at 1 July 2012)<\/td>\n<\/tr>\n
3 year fixed<\/td>\n4.21% (down 0.05% from 4.26% as at 1 July 2012)<\/td>\n<\/tr>\n
5 year fixed<\/td>\n4.47% (down 0.05% from 4.52% as at 1 July 2012)<\/td>\n<\/tr>\n<\/table>\n

<\/center><\/p>\n

\n\u201cI encourage Queensland primary producers to take advantage of QRAA\u2019s low interest rates and secure their farming future with the help of a First Start or Sustainability Loan,\u201d Mr McVeigh said.<\/p>\n

First Start Loans up to $650,000 are available for applicants who want to enter primary production or become a partner in an existing family operation.<\/p>\n

Sustainability Loans up to $650,000 are available for primary producers wanting to improve their productivity and sustainability.<\/p>\n

Mr McVeigh said First Start and Sustainability Loans had no set up or exit fees, repayment terms of up to 20 years and offered the option of joint lending with commercial banks.<\/p>\n

\u201cTo date in the 2012-13 financial year, QRAA has approved over $40 million in First Start and Sustainability Loans,” he said.<\/p>\n

\u201cFor anyone considering a First Start or Sustainability Loan, QRAA\u2019s Client Liaison Officers are available to meet on-farm to discuss the loan criteria, terms and conditions and the application process.\u201d<\/p>\n

The First Start and Sustainability Loans are administered by QRAA under the Primary Industry Productivity Enhancement Scheme.<\/p>\n

For further information on loans and eligibility criteria, call 1800-623-946 or visit the website<\/b><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Agriculture Minister John McVeigh has announced a cut in interest rates for the State Government\u2019s First Start and Sustainability Loans to stimulate further investment and support for Queensland\u2019s agricultural sector.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"\nInterest Rate Cut For Farmers - southburnett.com.au<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2013\/01\/25\/interest-rate-cut-for-farmers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest Rate Cut For Farmers - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"Agriculture Minister John McVeigh has announced a cut in interest rates for the State Government\u2019s First Start and Sustainability Loans to stimulate further investment and support for Queensland\u2019s agricultural sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2013\/01\/25\/interest-rate-cut-for-farmers\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-25T01:21:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T02:48:20+00:00\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2013\/01\/25\/interest-rate-cut-for-farmers\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2013\/01\/25\/interest-rate-cut-for-farmers\/\",\"name\":\"Interest Rate Cut For Farmers - 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