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10 May 2018: QRIDA support of Qld rural industry heads to $1bn mark

10 May 2018

The Queensland Rural and Industry Development Authority (QRIDA) has approved almost $1 billion in low interest loans to support Queensland primary producers in particular the beef industry over its 23 year history.

Speaking at the opening of the Rural Press Club of Queensland breakfast at Beef Australia 2018 in Rockhampton today, QRIDA CEO Cameron MacMillan said his organisation was proud to be playing its part helping grow the State’s rural sector.

QRIDA Chief Executive Officer, Cameron MacMillan says that QIRDA is thrilled to be a part of Beef Australia 2018.

“QRIDA has approved almost $1 billion in low interest loans to help primary producers to buy their first block, expand and invest in new technology and infrastructure to boost their profitability and sustainability.

“About 60 percent of these funds have gone to Queensland beef producers to help grow and develop their businesses which in turn is supporting the broader beef industry which is being showcased here in Rockhampton this week,” he said.

Mr MacMillan said QRIDA, formerly known as QRAA, has continued to evolve and deliver an even wide range of financial and other assistance for primary producers.

“The Queensland Government has committed us to ‘doing more’ and has expanded our services, such as increasing our First Start Loan limits to $2 million; introducing Farm Management Grants which are helping with the cost of professional succession planning advice; and taking responsibility for mandatory Farm Debt Mediation.

QRIDA is exhibiting as part of the Queensland Government’s sustainable beef display in the Sidney Kidman Pavilion throughout Beef Australia 2018.

Mr MacMillan encourages graziers to stop by the QRIDA stall to chat with our Regional Area Managers about how QIRDA can help them get ahead of the herd.

QRIDA is proud to be sponsoring the Rural Press Club breakfast. The sold-out event heard from special guest, CEO of the North Australian Pastoral Company (NAPCO), Phil Cummins with ABC radio presenter, Craig Zonca.

For further information on the range of financial assistance available through QRIDA visit www.qrida.qld.gov.au or Freecall 1800 623 946

Last updated
10 May 2018