NSW Farmers Loan Programs
NSW Farmers Loan Programs
Drought Infrastructure Fund
The Drought Infrastructure Fund is a long term, low interest loan product supporting NSW farmers to invest in permanent on-farm infrastructure that will:
manage adverse seasonal conditions – improve water efficiencies with irrigation systems, cap and piping of bores, new dams, install water tanks and desilting of ground tanks
ensure long term sustainability – increase the viability of a farm business and improve pasture and soil health, plant trees for shade and wildlife corridors, eradicate weeds, flood proof property and fence river banks.
improve farm productivity – reduce risks and improve efficiencies by building fodder and grain storage facilities, sheds, fencing, roadworks and solar power conversions.
Eligible producers can borrow up to $1 million per project, with a total of $1 million outstanding at any one time to build on-farm infrastructure, including stock containment areas. A 2.5% fixed interest rate is applied to Drought Infrastructure Fund loans which can be repaid over a period of 20 years.
Applications are now open and will continue to be accepted until program funding is exhausted.
Call Plus 1 Group to find out more and help you apply.
Who can apply?
The Drought Infrastructure Fund is available to farmers in NSW to meet the cost of carrying out permanent capital works that will have a significant beneficial impact on the land, long term profitability of the business and address adverse seasonal conditions.
Drought Ready and Resilient Fund
Through the Drought Ready and Resilient Fund, eligible primary producers can access a low interest loan up to $250,000 to help prepare for, manage and recover from drought.
The loan can be used for products, activities and services relating to animal welfare, farm preparedness, income diversification, environmental improvements as well as training and business development.
The Drought Ready and Resilient Fund loan facility has been designed to complement the existing Drought Infrastructure Fund loan product, formerly known as the Farm Innovation Fund.
Applications are now open and will continue to be accepted until program funding is exhausted.
Who can apply?
The Drought Ready and Resilient Fund loan is available to eligible sole traders, partnerships, trusts or private companies who operate in the primary production sector in NSW.
To be eligible, applicants must earn at least 50% of gross income or at least $75,000 in one year from the primary production business, or be a bona fide primary production enterprise.
Call Plus 1 Group to find out more and help you apply.
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