THE Queensland Rural and Industry Development Authority has approved almost $1 billion in low interest loans to support Queensland primary producers in its 23 year history.
Speaking at the Rural Press Club breakfast at Beef 2018 this morning, QRIDA chief executive officer Cameron MacMillan said QRIDA had approved almost $1 billion in low interest loans to help primary producers to buy their first block, expand and invest in new technology and infrastructure to boost their profitability and sustainability.
“About 60 percent of these funds have gone to Queensland beef producers to help grow and develop their businesses which in turn is supporting the broader beef industry which is being showcased here in Rockhampton this week,” Mr MacMillan said.
He said QRIDA, formerly known as QRAA, has continued to evolve and deliver an even wide range of financial and other assistance for primary producers.
“The Queensland Government has committed us to ‘doing more’ and has expanded our services, such as increasing our First Start Loan limits to $2 million; introducing Farm Management Grants which are help with the cost of professional succession planning advice; and taking responsibility for mandatory Farm Debt Mediation.
Mr MacMillan encouraged graziers to stop by the QRIDA stall in the Sidney Kidman Pavilion to chat with a regional area manager about how QIRDA could help them “get ahead of the herd”.
For further information is available at www.qrida.qld.gov.au or phone 1800 623 946.
