RIC team on site for Agfest 2021 in Tasmania

The Regional Investment Corporation (RIC) team is pleased to be on site from 5 – 8 May 2021 at Agfest 2021, providing insight and answering questions on its affordable loans.

RIC Business Development Manager for Tasmania, Susie Lohrey, said the team is thrilled to be back in the paddock for Agfest 2021 and was particularly looking forward to talking about the RIC’s new AgriStarter Loan for new farmers and farm business succession planning.

“Our team is pleased to be back out supporting rural and regional events like Agfest and we encourage anyone at the event to come and chat to us,” she said.

“We are particularly excited to talk to new farmers and those going through succession about our new AgriStarter Loan.

“We’ve had plenty of interest in the AgriStarter Loan since it was launched in early January this year and expect its low interest terms may be of interest to those either looking to get into a farm business or effectively manage their farm business succession planning.”

RIC loans are available nationally and in addition to the AgriStarter Loan include the Drought Loan for drought preparation, management and recovery. There is also the AgBiz Drought Loan for farm-related small businesses and the Farm Investment Loan for innovation.

Since its inception in July 2018, the RIC has approved more than $21.5 million in loans for Tasmanian farmers as at 31 March 2021.

The RIC team will be located onsite at Eighth Ave, site 832, along with service providers including the National Drought and North Queensland Flood Response and Recovery Agency, Rural Business Tasmania, Services Australia, Anglicare Tasmania Financial Counselling, RuralBiz Training and Primary Employers Tasmania.

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