RIC FARMERS EXHIBIT RESILIENCE AND CONFIDENCE AMID CHALLENGES

Person in field

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.

Share this post

True Issues 37
True Issues

LATEST TRUE ISSUES RESEARCH LOOKS AT POLICY APPROACHES AS WELL AS OUR REGULAR ISSUES TRACKING AS WE HEAD INTO A FEDERAL ELECTION

Cost of living remains clearly the number one issue as Australia prepares for a national election campaign and the economy continues to be weighed by pessimism despite the big focus this week on the RBA’s interest rates decision. In the first True Issues public opinion survey for 2025 we have tested a range of policies announced by the parties soon putting themselves forward to the electorate. We also look at some additional policy approaches that further illuminates the debate around how to respond to cost of living pressures and national perceptions around an ongoing crisis of affordability.

FIND OUT MORE
True Issues 36
True Issues

LATEST TRUE ISSUES RESEARCH: STANDARD OF LIVING PERCEPTIONS, AUSTRALIANS’ ENGAGEMENT WITH THE US ELECTION AND OUR REGULAR ISSUES TRACKING

As the national policy and political debate heat up as the year draws towards its end and talk of a Federal Election in the first half of next year increases, we have examined some important influences on the broader debate in a series of questions that extend beyond our regular and well-known issues tracking. Reaching beyond cost of living, we have taken a close look at the more complex and nuanced economic and social theme of living standards. A special report also unpacks public attitudes and reactions to the recent Presidential election results in the United States and how it has been received here in Australia.

FIND OUT MORE
true issues 35, federal government, NDIS poll
True Issues

LATEST TRUE ISSUES RESEARCH LOOKS AT POTENTIAL ECONOMIC REFORMS, ATTITUDES TO THE NDIS AND OUR REGULAR ISSUES TRACKING

Given our ongoing desire to contribute meaningfully to national public policy debates, we have again put together two additional special releases. One following up on our budget work earlier this year by now looking more closely at a range of potential tax and economic reforms. A separate report looks carefully at evolving public attitudes around the National Disability Insurance Scheme (NDIS). Related research insights from these special reports and True Issues have been recently covered in the AFR, The Age and SMH newspapers, The Australian and on ABC’s Insiders program.

FIND OUT MORE

Subscribe to our newsletter
to receive the latest JWS Research True Issues in your inbox