Interest free loans for NSW farmers

The Drought Assistance Fund provides primary producers with interest free loans to help them with the costs of implementing systems and practices that enhance the sustainability of their farm.

Overview

The loan can be used for:

• transport of livestock, fodder and/or water
• improving water and fodder infrastructure
• desilting dams
• collection and banking of genetic material of livestock.

Interest free loans of up to $100,000 are available. The loan term is 2 years repayment free and then up to 5 years of principal only repayments. The loan must be repaid within 7 years.

What are the eligibility criteria?

To be eligible you must demonstrate that:

• you are the owner and operator of a farm business in NSW
• the business operates as a sole trader, partnership or private company and trades in agricultural products
• the business is registered with the ATO as a primary producer and has an Australian business number (ABN)
• the business is being negatively impacted by drought conditions
• you earn more than 50% of your gross income from the farm business under normal seasonal conditions
• you do not have gross off-farm assets exceeding $5 million.

How do you apply?

Find out more about eligibility and how to apply at Drought Assistance Fund.