Tasmanian farmers will soon be able to access concessional loans to help them. Funding of $30 million over two years is being made available under the Australian Government’s Farm Finance Concessional Loan Scheme, delivered by the state government. Eligible farm businesses will have access to five-year loans of up to $650,000 for productivity enhancement activities and for debt restructuring. The interest rate has initially been set at 4.5% and interest-only payments are available for up to five years. Applications open mid-January. For more information on eligibility and other requirements, contact the Tasmanian Farmers and Graziers Association on 1800 154 111 or email farmfinance@tfga.com.au after January 13.
