RIC rate drop puts cash back in farmers’ pockets
From 1 August 2019, interest rates will drop 47 basis points, from 3.58% to 3.11% on farm business loans.
About the RIC
The Regional Investment Corporation provides affordable finance for farmers to modernise and diversify their business; and state and territory governments for transformative water projects. Our loans encourage
growth, investment and resilience in Australia’s regional communities. We opened on 1 July 2018.
For more information visit ric.gov.au or call 1800 875 675 (Monday to Friday, 8:30am – 5:30pm local time).
Please see below link to the full media release.
