The Nationwide Farmers’ Federation welcomed a overview of the Regional Funding Company, which advisable the concessional lending organisation be maintained.
David Jochinke
NFF President David Jochinke mentioned the NFF has engaged intently with Dr Wendy Craik AM all through the overview course of.
“We welcome the advice the Regional Funding Company (RIC) ought to be maintained.
“The RIC has confirmed to be important for administering concessional loans in a nationally constant method, notably throughout drought durations.”
The overview highlighted broad assist for concessional loans as an efficient coverage instrument. The NFF has lengthy advocated for concessional financing to assist farmers all through the drought cycle.
“Concessional loans are essential, particularly throughout extended droughts that problem even probably the most resilient companies. The RIC offers the required assist to farmers throughout these tough occasions,” Mr Jochinke mentioned.
The NFF acknowledges the report’s quite a few suggestions, together with the necessity for improved information assortment by the RIC, and the necessity to contemplate RIC’s future position in areas similar to supporting new entrants into the sector and sustainability financing.
“We’ll work with our members within the coming days to totally perceive the suggestions.
“It’s crucial the Authorities fastidiously considers the report and implements the suggestions that may finest make sure the effectiveness and sustainability of the RIC.
“We stay up for persevering with to work intently with the Authorities and the Regional Funding Company to make sure one of the best outcomes for farmers throughout the nation.”
Supply: NFF
Trending Merchandise
