A share of up to $100 million in low interest loans is available to help boost Queensland’s horticulture industry this financial year through the State Government’s Primary Industry Productivity Enhancement Scheme (PIPES).
The scheme, available through the Queensland Rural and Industry Development Authority (QRIDA), provides First Start Loans of up to $2 million to assist in the early years of establishing a primary production enterprise and Sustainability Loans of up to $1.3 million to assist in achieving a more productive and sustainable primary production enterprise.
Last financial year close to $90 million was distributed to primary producers across close to 200 applications.
The low-interest loans come with terms of up to 20 years and with one, three or five year fixed rates and no fees or charges.
QRIDA South East Regional Area Manager, Brian Coe said new and existing primary producers across the State could access the $100 million available this financial year.
“Sustainability Loans are an attractive option for established primary producers to build or diversify their enterprise and the loans can also be used to help prepare for drought and disaster and support jobs or private sector investment,” Mr Coe said.
“This might be through improving infrastructure such as water storage and irrigation or upgrading plant and equipment.
“Producers can also use these loans for purchasing stock, improving energy efficiency through renewable energies and diversification into other on-farm enterprises.
“We’d also be interested to hear about investments relating to biosecurity or those which will have a positive impact on reducing erosion, runoff, carbon emissions and other property projects focused on environmental outcomes.”
Mr Coe said First Start Loans up to $2 million were able to help young aspiring producers looking to establish their first primary production enterprise or carry out succession planning with their family.
“I encourage interested producers not to self-assess but to get in contact with me to find out how our productivity loan can help you start your farming business or make it more profitable and sustainable over the longer term,” he said.
QRIDA’s Regional Area Managers are available to meet with producers face-to-face and on-farm. Offices are located in
eleven areas across Queensland, including Innisfail, Kingaroy, Mackay, Rockhampton, Bundaberg, Brisbane, Roma, Toowoomba, Cloncurry, Emerald and Townsville.
For more information visit: www.qrida.qld.gov.au or Freecall 1800 623 946.