Media Release

Applications open for Farm Finance in South Australia

19 December 2013

Farmers can now apply for concessional loans as part of the Farm Finance Package, with news today the application process is opening in South Australia tomorrow.

Minister for Agriculture, Barnaby Joyce, welcomed the announcement and said it was welcome news for South Australian farmers who could soon have access to better support.

“I know that some farmers in South Australia are doing it tough because of a range of factors including the dry conditions mainly in the north-eastern part of the state, and rural debt continues to be a significant challenge for parts of the farming sector,” Minister Joyce said.

“Five year loans for amounts between $200,000 and $650,000 will be available for South Australian farmers for debt restructuring – helping farmers get back on track and take control of their debt.

“We’ve been working hard to make this happen because I know there are farmers in need of extra support.

“I commend the South Australian Government for opening the application process.

“I encourage farmers who are considering applying to visit the website below and submit their applications. I understand that applications are being considered on a first-in basis, so I would encourage farmers to apply soon,” Minister Joyce said.

“I know farmers are self-reliant and resilient, but I encourage farmers not to self-assess, to talk to an expert or a rural financial counsellor about the loans package and eligibility criteria.

The loans are being delivered by South Australia’s Department of Primary Industries and Regions SA (PIRSA).

For information and to apply visit: www.pir.sa.gov.au or call 1800 182 235.

The Australian Government also offers other assistance including the Rural Financial Counselling Service, the Farm Management Deposits Scheme and the Transitional Farm Family Payment.

For more information: Farm Finance and other Australian Government assistance measures.