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Farm Productivity Improvement |
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Interest Rate Subsidy
This subsidy is to assist farmers to improve productivity and the long-term profitability of the region. The subsidy will reduce risks associated with interest rate payments in the first three years of development/redevelopment. Farmers who pursue property amalgamation will be provided with a competitive advantage. Interest rate subsidies of up to 50 per cent of the interest costs, up to a maximum of $25,000 are available to eligible irrigators. The subsidy will be provided where: a)the business plan demonstrates the farm enterprise will improve productivity for sustained long term profitability by:  sustainable farming systems
technological developments
enhancing resources (including capital, labour & land)
changing farm programs using capital expenditure
b) the farm business enterprise is fully viable within 5 years, without the inclusion of off-farm income The farm business enterprise must meet criteria for long term viability. Remaining funds for this assistance will be absorbed by applications that have already been submitted. |
Gaby and Lindsay Hogg and their daughters will re-develop their property after receiving the first grant and interest rate subsidy to be approved by Loddon Murray 2000 plus  |
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Design and Production by
Talkin' Technical Communications |
Updated: May 2001
Contact LM2000 plus: Kelly.McKnight@nre.vic.gov.au |