​The Coalition Government has launched the 2017–18 Farm Business Concessional Loans Scheme in NSW with an initial commitment of $20 million to support eligible farm businesses. 

These changes are part of the government’s $250 million commitment to delivering concessional loans for eligible farm businesses nationally from 1 July 2017 to 30 June 2018.

The loans have an initial variable concessional interest rate of 2.47 per cent for a maximum term of 10 years. Interest-only repayments are available for the first five years of the loan term, with principal and interest repayments for the next five years.

The three loan types available are:

  • Drought Assistance
  • Dairy Recovery
  • Business Improvement