Disaster Loans Boosted to $2 Million for Flood-Hit Farmers

Primary producers impacted by recent flooding in northern Queensland can now access concessional disaster loans of up to $2 million, following a joint announcement from the Federal and Queensland Governments.

The loan cap has been lifted from $250,000 to $2 million under the Commonwealth-state Disaster Recovery Funding Arrangements (DRFA), recognising the severe impact of the North Queensland Monsoon Trough and Ex-Tropical Cyclone Koji.

The increased loans are available to eligible producers in flood-affected areas and can be used to repair or replace damaged equipment and buildings, restock livestock, replant crops and cover essential business costs such as rent and rates.

Disaster assistance has now been activated for primary producers in the Barcaldine and Cassowary Coast local government areas. Support has also been expanded to producers in Central Highlands, Livingstone and Whitsunday, who can apply for Disaster Recovery Grants of up to $75,000 for clean-up, repairs and resupply.

Freight subsidies of up to $5,000 are also available in activated areas, along with additional industry and wellbeing support programs.

Federal Emergency Management Minister Kristy McBain said supporting farmers was critical to regional recovery.

“The work of Queensland farmers is central to food security and a strong economy, for both the state and our nation,” Minister McBain said.

Queensland Primary Industries Minister Tony Perrett encouraged producers to contact the Queensland Rural Industry Development Authority for guidance on available assistance. More information is available at qrida.qld.gov.au or by calling 1800 623 946.

Sugar Cane Field Flooded After Heavy Stock Photo 1670363425 | Shutterstock

Primary producers across North Queensland are encouraged to apply for Federal and Queensland Government funded concessional disaster loans. Photo source: Shutterstock

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