Financial support for WA farmers to assist in dry season response includes:
Drought Loans - for eligible farm businesses are available from the Australian Government farm business lender, RIC (Regional Investment Corporation). RIC provides low-interest Drought Loans for farm businesses to help them prepare for, manage through and recover from drought.
AgBiz Drought Loans - for eligible small businesses directly linked to the farming sector are available from the Australian Government farm business lender, RIC (Regional Investment Corporation). Low interest loans may help eligible farm-related businesses in drought affected areas manage their business during a drought. Eligibility and lending criteria apply to all RIC loans.
The Australian Government’s Farm Management Deposits (FMD) Scheme is a risk management and drought preparedness measure which allows eligible primary producers to set aside pre-tax income which can be drawn upon when required.
The Farm Household Allowance Program, which provides farming families experiencing significant financial hardship with access to the Centrelink income support system, contingent on the farm business committing to improved planning and training for long-term financial sustainability.
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