Drought Loans

Drought Loans provide loans of up to $2 million through the Regional Investment Corporation (RIC) for farm businesses to help prepare for, manage through and recover from drought.
Application detail:

Apply at any time.

What do you get?

Loans up to $2 million.

Who is this for?

Eligible farm businesses.


Drought Loans provide farm businesses with loans to help them prepare for, manage through and recover from drought.

The loans may be used to:

  • feed and water stock
  • 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. The first 5 years will be interest only, followed by 5 years principal and interest. 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 or plan to contribute at least 75% of your labour to the farm business (under normal circumstances)
  • earn or plan to earn at least 50% of your income from the farm business (under normal circumstances)
  • own or lease land and use it for farming purposes (includes agistment)
  • have a drought management plan
  • provide security for the loan
  • secure the support of your commercial lender for the proposed loan
  • repay the loan.

Additionally, your farm business must:

  • be in financial need of a loan
  • have the capacity to repay the loan
  • be financially viable in the long term
  • have existing commercial debt
  • be in the agriculture, horticulture, pastoral, beekeeping (apiculture), or aquaculture industry
  • undertake all primary production aspects of the business wholly within Australia
  • be registered for tax purposes in Australia with an Australian business number (ABN) and be registered for goods and services tax (GST)
  • operate as a sole trader, trust, partnership or private company
  • not be under external administration or bankruptcy.

Apply now

Apply for the Drought Loans

Find out more about your eligibility and how to apply.

Learn how to apply

Contact information

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