Drought concessional loans now available to NT pastoralists and farmers

Written by  27 April 2016
Published in Major Projects & Water Reform Comments::DISQUS_COMMENTS
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Drought-affected pastoralists and farmers in the Northern Territory can now apply for drought concessional loans under the 2015–16 round of the scheme.

 

‘In 2015–16, the Australian Government is making $10 million in loans available to Northern Territory pastoralists and farmers to help them deal with the effects of drought,’ says Deputy Prime Minister and Minister for Agriculture and Water Resources Barnaby Joyce.

‘Drought is one of the most significant challenges faced by our agriculture sector, and we are committed to delivering practical support when and where it’s most needed.

‘Under the Agricultural Competitiveness White Paper, we are making sure farmers and pastoralists have more certainty about the support they can access during drought by providing access to drought-related concessional loans in 2015–16.

‘We have also committed up to $250 million nationally each year for a new, more flexible and streamlined concessional loans product that will be available for 10 years from 2016–17.’

Read 690 times Last modified on Wednesday, 27 April 2016 16:04
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