Farmers secure new flood money
PRIMARY producers who have suffered extreme flood damage in Gympie and 13 local government areas will be able to access a loan and grant package of up to $650,000 under the Exceptional Disaster Assistance Scheme.
The Category D assistance will be available to those primary producers who suffered damage to the extent that previously announced assistance measures will not be enough to restore. Minister for Agriculture, Fisheries and Forestry John McVeigh said the loan included a grant of up to $50,000, and the first two years of a loan would be interest and repayment free.
"From the third year of the loan, the new record low 1.7% interest rate for disaster loans will initially apply," Mr McVeigh said.
Forms for the Exceptional Disaster Assistance Scheme loan package will soon be available at qraa.qld.gov.au
For more information about the Exceptional Disaster Assistance Scheme please contact QRAA on Freecall 1800 623 946.