Low-interest loans for primary producers impacted by North QLD monsoon trough, associated Cyclone Koji and severe weather

Overview

Loans may be used to re-establish the normal operations of the primary production enterprise, including:

• repairing or replacing damaged plant and equipment
• repairing or replacing farm buildings
• purchasing livestock to replace those lost in the disaster event
• meeting carry-on requirements (including re-planting, restoring or re-establishing areas affected by the disaster event), purchasing sustenance, essential property operations or paying rent and rates.

Low-interest loans of up to $2 million over a maximum term of 10 years are available.

Check if you can apply

To be eligible, you must:

• have sustained substantial damage to buildings, plant, equipment or stock as a result of the disaster
• be a primary producer in Queensland
• have a property located in a 'defined disaster area'
• provide adequate security for the loan
• be able to demonstrate the ongoing viability of the primary production enterprise
• have taken reasonable precautions to avoid loss or damage from a disaster, such as having adequate insurance.

Primary producers significantly affected by an eligible disaster, but not located in a defined disaster area, may be eligible to apply for assistance as an 'individually disaster-stricken enterprise'.