AgriStarter loan applications are now open to support the next generation of farmers, as well as current farm businesses who are planning for and implementing succession arrangements.
Eligible applicants can borrow up to $2 million over 10 years, with the first five years interest only, followed by five years' principal and interest repayments.
New entrants, farm businesses or successors can use the AgriStarter loan to fund the purchase, establishment, or development of a first farm business, pay costs associated with the succession planning process, or to buy out relatives during farm business succession.
AgForce has been working closely with the Regional Investment Corporation, who administer the AgriStarter loans, as well as several other loans including for drought, and the Federal Government, to reduce loan processing times, and we will continue to do so.
