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8 January 2016: Rain in the Maranoa plants hope for producers

8 January 2016

Recent rainfall in the Maranoa has provided producers a hopeful start to the new year and an opportunity to access their share of $15 million in finance to plan their planting, restocking, and other drought recovery activities for 2016.

QRAA’s Customer Liaison Officer for Maranoa and South West, Tony Koch, urged producers to strike while the iron was hot and contact him to discuss how they could access funding through a Drought Recovery Concessional Loan.

“While the drought hasn’t broken, this rain has been welcomed and does give producers some breathing space to think about actions they can take to get their production moving again,” he said.

“A Drought Recovery Concessional Loan can assist farmers in the Maranoa who have experienced an improvement in seasonal conditions or have property plans in place to restock and purchase their cropping requirements at a reduced interest rate.

“Currently these loans have an interest rate of 2.71 per cent and the rules have changed slightly for the 2015-16 scheme to make it easier for primary producers to secure one of these loans.” Mr Koch explained. 

Drought Recovery Concessional Loans are designed to help farmers get their enterprises back into production when the season breaks, with a unique pre-approval process so the funds are ready when the business is. 

Mr Koch stressed that producers should not self-assess but contact him or QRAA to talk about their eligibility following the rain.

“Each week I travel hundreds of kilometres to visit clients on-farm and I have seen how hard the drought has hit their businesses. The recent rainfall has brought some hope to the region and QRAA can help farmers to capitalise on this opportunity.”

To arrange a meeting with Tony Koch either on-farm or in the office, contact 0427 029 141 or Freecall 1800 623 946.

The Drought Recovery Concessional Loans Scheme is an initiative of the Australian Government administered by QRAA.

Last updated
10 May 2017