October 29th, 2026Support through prolonged drought: Drought Hardship Loan

The federal government has introduced the RIC Drought Hardship Loan to support farm businesses experiencing severe and prolonged drought.

The loan provides up to $250,000 over 5 years, at the RIC’s concessional interest rate (currently 5.18%), with a 2-year repayment holiday, to help farmers manage essential operating costs and improve cash flow during extended dry conditions.

It is available to eligible farm businesses that have managed through at least 24 months of drought and expect further impacts ahead. The loan complements other drought support and can be accessed alongside state programs.