Concessional loans open for farm businesses in NSW
The Government launched the 2017–18 Farm Business Concessional Loans Scheme in New South Wales, with an initial commitment of $20 million to support eligible farm businesses.
Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, said this was part of the Government’s $250 million commitment to delivering concessional loans for eligible farm businesses nationally from 1 July 2017 to 30 June 2018.
“Concessional loans will continue to be available to assist farmers across New South Wales to rebuild their businesses following drought and farm gate milk price cuts,” Minister Joyce said.
“So far more than $709 million in concessional loans have been approved to over 1,300 farm businesses nation-wide since 2013, including more than $165 million to almost 300 farm businesses in New South Wales