Loans to strengthen your farm business

Overview

Farm Investment Loans provide farm businesses with loans to make farms stronger, more resilient and more profitable.

The loans may be used to:

• strengthen your farm business
• access markets interstate or outside Australia
• prepare for, manage through or recover from drought
• refinance existing debt
• pay for operating expenses or capital
• enhance productivity
• fund drought-related activities

Loans of up to $2 million over a period of 10 years are available. Repayments over the first 5 years are interest only, then principal and interest for the remaining 5 years. After 10 years, any remaining balance on the loan can be refinanced with a commercial lender.

Check if you can apply

To be eligible, you must:

• be an Australian citizen or permanent resident
• contribute at least 75% of your labour to the farm business (under normal circumstances)
• earn at least 50% of your income from the farm business (under normal circumstances)

Additionally, the farm business you are running must:

• solely or mainly sell products into supply chains that are interstate or outside Australia, or plan to in the future
• have existing commercial debt
• be registered for tax purposes in Australia with an Australian business number (ABN) and be registered for goods and services tax (GST)
• be in financial need of a loan
• have the capacity to repay the loan
• operate as a sole trader, trust, partnership or private company
• be in the agriculture, horticulture, pastoral, apiculture, or aquaculture industry