Invest cost effective funds into your farm

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Whether it's drought or another event, you may be eligible. Enquire Now

Recover from drought

Improve the strength, resilience and profitability of your farm

Invest in your farm

Take advantage of emerging opportunities 

RIC drought & farm loans at a glance

3.11% Interest Only

5 years Interest only from August 2019

$2 million

Max amount per loan application. May be eligible up to $3m total in Regional Investment corporation loans concessional funding 

50% of total debt

RIC loans can go up to 50% of total commercial debt

Preparation for seeding

Who are we?

Ricloans.com.au is a collaboration between Ecosse Capital Partners (Ecosse.com.au) and Helmsman Accountants & Advisors based in Melbourne.


Our experienced team of finance, banking and Agricultural professionals help farmers with RIC loan applications, financing arrangements, business advice, investment and growth.

What is a RIC loan?

In simple terms, it’s a low interest drought loan or farm investment loan to help farmers recover from drought, natural disasters, bio-security or market driven events which have affected their profitability.

  

The goal is to support a farmers long term strength, resilience and profitability. You might have heard the RIC loan also referred to as a rural investment loan, a drought loan, a farm investment loan or an AgRebuild loan.


The loan is up to $2 million, at a rate of 3.11% from August 1 2019 for up to 10 years. It is available for farmers who have suffered loss from drought, natural disasters, bio-security or market driven events outside of a farmers control. The first 5 years are interest only and the loan can go up to 50% of your total commercial debt, excluding overdrafts or equipment finance debt. RIC are also prepared to take second mortgage security and sit behind your current lender from a security position.


The AgRebuild loan has slightly different parameters (up to $5m, first 2 years interest free) but aims to serve the same purpose.


The RIC loan is a scheme set up by the Federal Government that commenced in July 2018 under the Regional Investment Corporation Act 2018, who recognised that Australian farmers and regional communities are doing it tough. The current drought conditions have placed great strain on farm businesses, putting some in a position where they need help.


There are now 3 types of RIC loans available: Drought loans, Farm Investment loans and the Agrebuild loans for flood affected QLD farmers.

Am I eligible?

Please submit your details for a FREE consultation to discuss whether your farm might be eligible. In some cases we have identified a farm's eligibility which may have otherwise been overlooked.


The main requirements include that your farm is located in an eligible area and suffered a significant financial impact that was outside your control (i.e weather, drought or other external event). Your farm must also be viable long term and currently have a loan with a commercial lender whether that be a Bank or another lender.


Even if you haven’t suffered directly from drought nor located in an eligible area, you may still be eligible for a farm investment loan. If your business has been affected by events outside of your control such as climate, biosecurity, market driven events, or a downturn in commodity prices it is important to talk to us to discuss your potential eligibility.

How the RIC funds can be allocated

Regional investment corporation loan proceeds can be used for a combination of the following:


  • Farm expenses including wages, creditors, fuel, fodder, transport, other agribusiness input costs
  • Recovering from drought including planting costs, seed, fertilizer, chemicals, labour, harvesting 
  • Re-stocking, purchasing stock and provisions
  • Drought preparedness activities such as fodder production, storage improvement strategies 
  • Refinancing, restructuring or reducing existing debt 
  • Investment in capital expenditure to help grow your farming business or take advantage or new and emerging opportunities


We will help work out the best way to allocate funds in order to help best improve your farm business and satisfy RIC requirements. 

What does the application process involve?

We know what RIC are looking for and can help tailor your application accordingly to meet the required guidelines.


We will prepare and submit your application which involves collating complete financial information past and future about your farming operation, cash flow forecasts on a normal year and with RIC proceeds, evidence supporting eligibility, proof of financial loss and more.


A drought management plan - addressing how you have coped through drought and what strategies you have used along with discussion around proactive water management, stock management strategies and drought recovery steps to be taken when conditions improve.


For example, we have demonstrated financial loss over 2 seasons for a dairy farmer from the cumulative effects of a lack of crop yield due to lack of water, increased water prices, lack of available feed, increased input and feed costs, and forced selling of livestock.


RIC then assess loan applications in accordance with the guidelines under the Regional Investment Corporation Act 2018 and undertake their own independent investigations and background checks.


The process takes about a month, but times do vary. We ensure that your information is submitted correctly and timely and help avoid further unnecessary delays during the application process. 

Take action now

Invest

Growing irrigated crops

Invest cost effective funds. Reduce your cost of debt, improve the strength of your agribusiness. Limited funds are available from RIC so it’s best to get your application in as soon as possible. 

How we can help

Spraying Harvester

We will navigate your Regional Investment Corporation loan application from start to finish, head ache free, ensuring your success in a professional and timely manner so you can focus on your agribusiness.

Experience Counts

Growing irrigated crops

We have worked with the Regional Investment Corporation loan since inception and helped a range of farmers across various agricultural regions including broad acre cropping, cattle, dairy, fruit, vineyards and more.