QLD primary producers eligible for assistance
Rural property dwellers in flood affected regions of Queensland may be eligible for loans under a new government funding package.
The initiative, announced yesterday (February 17), is available for primary producers who have suffered extreme flood damage in 14 local government areas across the state.
Minister for agriculture, fisheries and forestry John McVeigh said under the $650,000 loan and grant agenda, which is part of the Exceptional Disaster Assistance Scheme, eligible producers will be able to access funding of up to $50,000, with the loan interest and repayment free for the first two years.
"From the third year of the loan, the new record low 1.7 per cent interest rate for disaster loans will initially apply," the minister explained.
"I know from my damage inspections over the past three weeks that many primary producers particularly around the Wide Bay-Burnett and Lockyer Valley areas, desperately need this kind of support."
Areas currently covered by the scheme include the Banana, Bundaberg, Fraser Coast, Gladstone, Goondiwindi, Gympie, Ipswich, Lockyer Valley, North Burnett, Scenic Rim, Somerset, South Burnett, Southern Downs and Toowoomba regions.
Mr McVeigh said the funding would help Queensland's producers get their operations back up and running.