Boosting beef businesses with financial support


Boosting beef businesses with financial support

Flor- Hanly - Monday, March 25, 2024

QRIDA First Start and Sustainability Loans

Producers seeking financial support to boost their beef business will be able to explore their options with the Queensland Rural and Industry Development Authority (QRIDA).

For those with aspirations of launching their grazing venture, QRIDA’s First Start Loan offers up to $2 million as a financial stepping stone to purchase land, carry out the family succession plan or enter a lease or share-farming arrangement.

This loan is a financial stepping stone for beef producers looking for a pathway into the industry. The First Start Loan is designed to financially support aspiring beef producers to enter the industry, get their foot on-farm and help them establish their beef business.

For those beef producers already in the industry, enhancing productivity and profitability will be front of mind. QRIDA’s Sustainability Loan offers up to $1.3 million to help beef producers with the financial boost to improve the sustainability of their farming systems, natural resource management and financial strategies.

Sustainability Loans offer existing producers a suite of options to improve the productivity and profitability of their enterprise. This loan can be used for improving land, adopting ag-tech, diversifying into other ag-related industries, enhancing water accessibility or infrastructure and even expanding producer’s operations.

If improving the drought resilience of your beef enterprise is on your to-do list, QRIDA has drought support available. Discover the range of grants and loans tailored to help you weather the adversities of drought, including a Drought Preparedness Grant or Drought Ready and Recovery Finance Loan.

With drought grants and loans, QRIDA is encouraging beef producers to proactively plan for drought before it’s too late. For those currently experiencing drought, QRIDA can help navigate the financial challenges and build a more resilient beef business.

After an intense disaster season, QRIDA has supported producers on their disaster recovery journey with disaster grants and loans available to help re-establish normal operations and assist with clean-up and recovery costs.

Flor-Hanly operates throughout Mackay, Clermont and Central Queensland. Our accounting team works with you to help you determine, focus on and achieve your personal and business goals. Contact us on 07 4963 4800.

Source: QRIDA

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