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The Australian Government has established the Regional Investment Corporation (RIC).
From 1 July 2018, farmers will need to apply to the RIC for the Commonwealth’s farm business concessional loans.
The RIC will offer two loan products for farm businesses – Farm Investment Loans and Drought Loans.
For more information about the loans and eligibility requirements please contact the RIC on 1800 875 675 or visit the RIC website www.ric.gov.au.