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RIC FARMERS EXHIBIT RESILIENCE AND CONFIDENCE AMID CHALLENGES

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Regional Investment Corporation (RIC) released the RIC Farm Loans Customer Insights Report 2023, which revealed a positive outlook among RIC farmers despite prevalent challenges in the agricultural sector.

The RIC Farm Loans Customer Insights Report 2023 provides insight into existing RIC customers’ confidence in both their farm businesses and the long-term future of the agriculture industry.

Independent research conducted by JWS Research obtained feedback from more than 500 RIC customers. Of those surveyed, the leading concerns were increasing interest rates (82%), water security and drought (61%) and income volatility (58%).

At the same time, RIC customers surveyed agreed their RIC loan had given them greater confidence in their farm business’ future (86%) and the agriculture industry’s future (76%), made drought and natural disaster recovery easier (88%) and are now more drought resilient (83%), reinforcing the positive impact of RIC loans on their businesses and the broader agricultural landscape.

You can read RIC’s release of the results here and can click below to read the full RIC Farm Loans Customer Insights Report 2023.

Read the report

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