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27 May 2016: Graziers show strength and raise productivity

27 May 2016

Longreach graziers are no strangers to overcoming challenges. From the current drought to dealing with feral animals, locals have adopted smart farming practices to increase productivity.

During May the QRAA Board of Directors met with QRAA clients, industry representatives and financial service providers in Longreach to secure first-hand feedback on the issues facing Queensland’s primary production industry, and the financial needs of local producers.

QRAA Chief Executive Officer, Cameron MacMillan, said the three day trip provided the Board with an invaluable opportunity to listen and learn from producers and locals, and see the tangible benefits of QRAA administered loans.

“Longreach producers have been doing it tough, particularly over the past four years – they have showed incredible resilience through the persisting drought and wild dog issues,” he said.

“QRAA has been pleased to be able to meet the need for low interest rate finance to assist the sustainability of agriculture businesses, succession planning and purchase of new primary production enterprises.”

The Board of Directors met on-farm with several graziers who have accessed funds from QRAA to build exclusion fences.  The improvements to lambing percentages and pasture growth and coverage have been welcomed.

“With loans up to $1 million available and interest rates as low as 2.71 per cent, partnering with QRAA to improve productivity makes good financial sense.” Mr MacMillan said.

QRAA’s low interest loans have no set up fees, no exit fees, no hidden costs and joint lending with banks is available, making them an attractive option for graziers looking to improve their productivity and profitability.

QRAA Client Liaison Officer for the Longreach area, Bradley Whittington, is available to meet graziers on-farm to discuss the schemes in detail. Over the past five financial years, QRAA has supported Longreach and Central Western Queensland with:

  • First Start Loans:  $23.7 million
  • Drought and Drought Recovery Concessional Loans:  $20 million
  • Sustainability Loans: $17.1 million

Administered by QRAA, the Drought and Drought Recovery Concessional Loans Scheme are initiatives of the Australian Government whilst First Start and Sustainability Loans are initiatives of the Queensland Government’s Primary Industry Productivity Enhancement Scheme.

For full details of assistance available, eligibility criteria, terms and conditions and how to apply, contact QRAA on Freecall 1800 623 946, or visit www.qraa.qld.gov.au

Last updated
10 May 2017