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27 January 2016: Producers improve sustainability with concessional loans

27 January 2016

Producers in the Gympie and Sunshine Coast Regional Shire Councils are motivated to improve their farming operations in 2016, according to QRAA Client Liaison Officer for the Burnett region, Bill Fletcher.

Mr Fletcher, who has lived and worked in the Burnett region for six years, said he has always been impressed by the diversity of primary production in the area and the passion shown when discussing their vision to improve the capacity of their operations.

“There is a good mix of production in the Burnett region, and over my years with QRAA I have worked with a wide range of producers including avocado, ginger and macadamia growers, grazing and dairy farmers – and fishers as well,” Mr Fletcher said.

“2016 is already proving to be an exciting year, with producers keen to learn how they can improve their financial standing whilst meeting their long term farming goals.

“I’m meeting with many producers looking to expand their family farming business, to improve productivity and provide a solid foundation for the next generation.  A concessional loan through QRAA can certainly assist with that type of planning.”

First Start and Sustainability Loans provide up to $650,000 for Queensland’s primary producers to increase productivity and long term viability.  The fixed interest rate on loans drawn down from 1 January 2016 is 3.39 per cent for one year, 3.38 per cent for three years and 3.56 per cent for five years.

In the past five years, QRAA has approved more than $11 million in First Start and Sustainability Loans in the Gympie and Sunshine Coast areas to assist with succession planning, farm infrastructure and other activities to support growth.

In the same period, QRAA also provided over $23 million in loans and grants assisting primary producers recover from natural disasters and drought.

Mr Fletcher encouraged producers impacted by drought conditions to look at how a Drought Concessional Loan could help restructure existing debt on their farms.

“The beauty of my role in the Burnett region is that I am available to meet on-farm to discuss the different concessional loans available from QRAA, eligibility requirements for these loans and how to apply,” he said.

“Some producers think they are not eligible for the financial assistance we have available to improve their farming operations, but I strongly encourage producers to talk with me first and not self-assess their eligibility.”

For more information about how a loan from QRAA could assist your farm business, or to make an appointment on-farm, contact Bill Fletcher on Freecall 1800 623 946.

The Sustainability and First Start Loans are initiatives of the Queensland Government’s Primary Industry Productivity Enhancement Scheme administered by QRAA.

The Drought Concessional Loans and Drought Recovery Concessional Loans Schemes are funded by the Australian Government and delivered by QRAA.

Last updated
10 May 2017