Covering the Goulburn and Murray valleys

Low-interest loans for fruitgrowers

Victorian Government launches Goulburn Valley Concessional Loans Scheme.

July 5, 2014 3:04am

Goulburn Valley farmers will have access to low-interest loans of up to $650000 under a new initiative that started this week.

The $16million Goulburn Valley Concessional Loans Scheme is one of a range of measures designed to support the Goulburn Valley fruit industry.

The concessional loans are available to farm businesses seeking to buy and improve the properties of growers most severely affected by SPC Ardmona’s reduced canning fruit intake.

Victorian Agriculture and Food Security Minister Peter Walsh said the scheme was part of the Victorian Government’s Goulburn Valley Fruit Growing Industry Roadmap.

The roadmap is a package of initiatives designed to open new export markets for Goulburn Valley growers and help farm businesses to diversify and expand.

‘‘The Victorian Coalition Government recognises just how important fruitgrowing is to the Goulburn Valley and is committed to supporting growers through this period,’’ Mr Walsh said.

State Member for Shepparton Jeanette Powell said the package would create new transition opportunities for the growers most affected by the local reductions in cannery fruit intake.

‘‘The Goulburn Valley fruit industry produces 90 per cent of Australia’s processed fruit and is vital to the region’s economic wellbeing,’’ she said.

Rural Finance is offering the loans of up to $650000 at a concessional rate of 4.5 per cent across three years.

For more details, phone Rural Finance Corporation on 1800260425.

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