Get financial help to deal with drought
Farm businesses can get up to $1 million to prepare for, operate through and recover from drought.
This funding is available as a Drought Assistance Concessional Loan.
These loans are subject to funds being available.
Who can apply
Loans are for farm businesses that want to:
- restructure a debt, including a Farm Finance Concessional Loan
- prepare for drought
- pay for operating expenses during a drought
- conduct drought recovery activities.
Other conditions apply. To find out more read the Drought Assistance Concessional Loan guidelines.
What you can get
You can loan up to 50% of the farm business’ final debt position up to $1 million.
The maximum loan term is 10 years with interest-only repayments for the first five years.
At the end of the loan term, the farm business must repay or refinance the remaining loan balance.
Principal and interest repayments apply for the last five years of the loan calculated on the basis of a 10-year loan term.
When you can apply
Applications close 30 June 2018.
How to apply
To apply for a loan you will need to submit a rainfall deficiency report and fill in the application form. Follow these steps:
Step 1. Get a rainfall deficiency report
Go to the Bureau of Meteorology’s Australian Rainfall Deficiency Analyser page.
Find your farm business on the map. Enter the latitude and longitude of your property or zoom and click where it is. Download the report.
Your rainfall deficiency report is valid for 60 days. If you can’t submit your application within this time you will need to get a new report.
Step 2. Fill in the form
Fill in the Drought Assistance Concessional Loan form.
Step 3. Submit the form and supporting documents
Submit the form, rainfall deficiency report and other supporting documents by mail or email to:
Drought Assistance Concessional Loans
GPO Box 211
Brisbane QLD 4001
To find out more contact the Department of Primary Industry and Resources by calling (08) 8936 4089 or emailing email@example.com.