Second Year Of Phase Two: Post-Mortem Of Late-Term pregnancy Loss Project Commences

Thoroughbred Breeders Australia is pleased to announce that Phase Two of the Post-Mortem of Late-Term Pregnancy Loss Project will continue for a second season in New South Wales (NSW), Victoria (VIC) and Queensland (QLD), starting 1st April.

In addition to Scone Equine Hospital, Goulburn Valley Equine Hospital and Darling Downs Vets, an additional three clinics have been added. Hunter Equine Centre (NSW), Bendigo Equine Hospital (VIC) and Scenic Rim Veterinary Services (QLD).

This project, funded through the AgriFutures Thoroughbred Horses Program, gives breeders the opportunity to receive a free post-mortem on eligible foetuses, providing farms the opportunity to improve mare management and minimise pregnancy loss both in the short and long term.

The results will be included in an anonymous database and over time will be analysed for causes and trends in the attempt to minimise abortions across the industry.

Please note there is a limited number of funded post-mortems available each season.

Each clinic has its own specific procedure for dropping off a foetus but as a general rule you must:

  • Contact the clinic first to make sure they haven’t exceeded their quota for funded post-mortems and that your foetus fits the eligibility criteria.
  • Sign a consent form – a vet will not start a post-mortem without this.
  • Double-bag the foetus using heavy duty garbage bags.
  • Keep foetus at a temperature between 4-10 degrees Celsius. To do this, it is recommended that the double-bagged foetus be placed in a large plastic container or bin with ice beneath it and on top.
  • Deliver the aborted foetus within 24 hours of discovery.

Breeders will be provided will a full set of results following the post-mortem as soon as possible. The EHV PCR will also be sent as soon as it’s available, usually within 48-72 working hours.

For the purpose of the broader research, all details will remain strictly confidential and the data will have no direct link to any horse, farm or breeder; the only people who will have access to the results are the mare owner, the vet who conducted the post-mortem and the lead researcher.

If you are interested in taking advantage of this opportunity, please contact James Murray at TBA on 0407 137 032 or james@aushorse.net.au.

James will be able to provide you with the detailed information specific to your state, including the relevant consent form, eligibility criteria, and transport and drop-off instructions.

You can also access the Frequently Asked Questions for each state via the links below and the required consent form:

Click here for Consent Form

Click here for NSW FAQs

Click here for QLD FAQs

Click here for VIC FAQs

TBA Launch New Online Education Platform

Thoroughbred Breeders Australia (TBA) has launched a new online education platform designed to allow everybody the opportunity to learn the basics of horse care from industry experts.

The platform – which is hosted at TBALearning.com – already has some 20 modules online, covering areas such as conformation, checking horse health, how to safely load a horse for transport, and how to hold a horse for a vet or farrier.

TBA Learning was developed after breeders told TBA there was nowhere to direct new staff to, where they could learn the foundational skills needed for work in the breeding industry.

More than 40 farms from across the country were consulted as part of the development of the site, with breeders giving their feedback on what subjects were important to be covered.

Importantly, all courses are available for free.

“We heard from a number of breeders that there were a lack of resources to help support the development of new staff, particularly without having to enrol in a formal qualification,” says TBA chief executive Tom Reilly.

“With the help of the industry, who really got behind the project, we decided we could build something that filled that void. I think TBA Learning will be a great tool for farms across the country: we know we have a number of backpackers or workers who come in without lots of hands-on horse experience, so this platform provides an option for a manager to say, ‘go and complete the modules on horse health’ or ‘please do the module on checking horses in a paddock’.”

Each bite-sized module features video, audio and written content, allowing students to learn in a way that suits them. The modules are expected to take between 15-30 minutes to complete. They can be undertaken individually, or can be tackled as a larger course, in which related modules are linked together. The current courses are Horse Health, Horse Handling and Biosecurity, as well as the Foundation course which includes all modules.

At the end of each module there is a test, with students receiving a certificate of completion when they successfully get to the end of a module. These certificates can then be presented to an employer.

To access the modules and courses, students need to complete a simple registration. This will then allow them to complete their studies in their own time.  

This education project was assisted with a grant from the AgriFutures Thoroughbred Levy.

Among the experts sharing their knowledge are Mick Malone (Kitchwin Hills), Peter O’Brien (Segenhoe Stud), Kellie McCarthy (Mill Park Stud), Fiona Lacey (Mogumber Park), Cameron Bond (Kenmore Lodge), Angus McAlpine (Eureka Stud), Michelle Maidment (Coolmore), Barley Ward-Thomas (Godolphin) and Dave White (Vinery Stud).

Those teaching the modules were identified by their peers in the industry as someone they would want their staff to learn from.

“It’s something we’d use on our farm. It’s an innovative approach that’s accessible,” said Peter O’Brien, general manager of Segenhoe Stud. “It’s got a group of the industry leaders involved and each module is brilliantly explained in a practical way that makes it easy to follow. It’s the best thing I’ve seen for young people starting off in this industry.”

Brenna Murphy, of Noorilim Park, said: “Whether you are just starting out in the thoroughbred industry or looking for a quick refresher, it’s a great resource for anyone and everyone to use.”

As the course materials were created, video tutorials were shot at 15 farms across five states.

Mick Malone, of Kitchwin Hills, believes these videos will allow young people to learn in a way that is now familiar to them.

He said: “It’s so important for young people to watch the videos because they’ll learn from them and what they learn will stay with them for life. As they progress through the ranks on the farm, they’ll be able to pass on that knowledge to the next generation of people.”

While there are already 20 separate modules online, TBA plans for more to be developed in the future.

“Now that we have TBA Learning up and running it means we can add more courses in the future. One area we are considering is a course for people taking on a retired thoroughbred, so they understand the different needs of our breed,” added Reilly.

Although the platform was designed for those in the thoroughbred industry anybody who wants to further their horse knowledge will be able to enrol in a course with TBA Learning.

“I think it’s exciting that, as an industry that cares deeply for the care and welfare of our horses, we can have some of our experts sharing their knowledge with the broader equine community. I’ve already had a number of people from other horse sectors tell me they’re excited to see the courses and think they’ll be a great benefit to them.”

To visit TBA Learning click here.

The full list of experts and the modules they teach are:

Angus McAlpine, Eureka Stud: How to lead a horse; Barley Ward-Thomas, Godolphin: Transporting horses; Brenna Murphy, Noorilim Park: The horse’s age; Cameron Bond, Kenmore Lodge: The horse’s blind spots, and how horses learn: pressure & release; Dave White, Vinery Stud: Feeding and observing horses in the paddock; Dr Fiona Lacey, Mogumba Park: Temperature, pulse and respiration, and basic horse health; James Balfe, Master Farrier: Parts of the hoof, and how to hold a horse for a farrier; Jason Robinson, Widden Stud: Horse identification, colours and markings; Kellie McCarthy, Mill Park Stud: How to rug a horse; Kelsey Dance, Rosemont Stud: Biosecurity on farm; Kristy Reynolds, Scenic Lodge: Basic eerminology; Dr Michelle Maidment, Coolmore: Using PPE equipment, and parts of the horse; Mick Malone, Kitchwin Hills: Catching horses and letting them go safely; Peter O’Brien, Segenhoe Stud: Conformation basics, and introduction to pedigrees; Ross Fuller, Cornerstone Stud: Holding a horse for a vet.

Shortlist Announced For the 2023 Stud & Stable Staff Awards

The first step in deciding the winners of the 2023 Australian Stud and Stable Staff Awards has been completed with the judges settling on a shortlist that reflects the “strength and quality” of the hundreds of nominations received from across the nation.

Such was the standard of this year’s nominations; the shortlist committee was presented with a welcome dilemma.

“This year, due to the extraordinary quality of the nominations, the committee had difficulty shortlisting the nominees to five finalists in several of the categories,” the judges reported.

“Noteworthy again in 2023 was the number, exceptional quality, and diversity of nominations in the Newcomer and Administration & Ancillary categories.”

The panel reduced some 200 nominations for the 2023 SSSA to 41 across seven categories.

The shortlist is:

Leadership Award (Stud or Stable):

Sean Keogh (Godolphin Australia, VIC); Finn McCarthy (McEvoy Mitchell Racing, VIC); Ben Gunn (Yulong Investments, VIC); Bruce Murray (Coolmore, NSW);

Paul Reid (Godolphin Australia, NSW); Phil Harris (Godolphin Australia, NSW)

Horsemanship Award (Stud or Stable):

Emile Fredricks (Widden Stud, NSW); Hazel Fertier (Freelancer, SA); Arda Tascioglu (Freelancer, NSW); Evan Henley (Coolmore, NSW); Stacey Reeve (Sledmere Stud, NSW)

Dedication to Breeding Award:

Kayleigh Murray (Fernrigg Farm, NSW); Dearne Gess-Jones (Merricks Station, VIC); Joel Stewart (Yulong Investments, VIC); Ngyrie Gonzalez (Alwyn Park Stud, WA); Robert Petith (Grant Bloodstock, NSW)

Dedication to Racing Award:

Adam Brewster (Phillip Stokes Racing, SA); Ian Smith (Annabel Neasham, NSW); John Brady (Waterhouse & Bott, NSW); Brooke Douglas (Yassy Racing, TAS); Nathan Tickle (Wild Oaks, NSW); Timothy Hanley (McEvoy Mitchell Racing, VIC)

Administration and Ancillary Award (Stud or Stable):

Mary O’Neill (Newgate Farm, NSW); Mia Collins (TAFE, NSW); Wayne Massingham (William Inglis & Son, NSW); Anna Ryan (James Harron Bloodstock, NSW);

Matt Harrington (Danny O’Brien Racing, VIC); Sharon King (Amelia Park Farm, WA) Sophie Johnson (Michael Freedman Racing, NSW)

Thoroughbred Care and Welfare Award:

Amy Thomsen (All4HoovesWA, WA); Julie Bramucci (Self-employed, VIC); Marybeth Lepine (Danny Bougoure, Falvelon Lodge QLD); Louise Abey (Abey Performance Horses, VIC); Phillipa Warman (PW Thoroughbreds, VIC)

Newcomer Award (Stud or Stable):

Georgia Bowen (Clayton Douglas Racing, VIC); Mia Herzog (McEvoy Mitchell Racing, VIC); James Green (Armidale Stud, TAS); Jarrod Robinson (Widden Stud, NSW); Romeo (Jason) Ahmed (Waterhouse & Bott, NSW); Vivek Sharma (Ciaron Maher Racing, NSW); Will Rapley (Fernrigg Farm, NSW)

The Stud and Stable Staff Awards offer cash prizes of $10,000 to the winners in each of the categories of Dedication to Racing, Dedication to Breeding, Horsemanship, Leadership, Thoroughbred Care and Welfare and Administration. The Newcomer Award offers a cash prize of $5000, with the runners-up in each of the seven categories receiving $3000.

A Thoroughbred Excellence Award of an additional $5000 will be made to a nominee chosen from the winners of the various stud and stable awards, excluding Newcomer and Thoroughbred Care & Welfare Awards.

The Australian SSSA are sponsored by the Victoria Racing Club, William Inglis and Son, Magic Millions, the Australian Turf Club, the Melbourne Racing Club Foundation, Racing Queensland, Thoroughbred Industry Careers and Marcus Oldham College.

Furthermore, without the tireless support of the Awards media partners, the SSSA message and call for nominations would not be feasible. Special thanks should be made to ANZ Bloodstock news, Thoroughbred Daily News Australia and New Zealand, Sky Racing and Racing.com.

The two finalists in each category will be announced on Friday, 31 March with the winners named at the annual SSSA ceremony hosted by the Gold Coast Turf Club on Wednesday, 24 May.

2023 Fast Track Applications Now Open

Thoroughbred Breeders Australia’s (TBA) commitment to finding the next generation of staff for the breeding industry continues with applications for the 2023 Fast Track program opening this week.

Now in its sixth year, the national training scheme offers people with a passion for horses a pathway into the breeding sector.

Developed in response to the industry staffing shortage, the 12-month program is designed to target people from outside of breeding and racing and introduce them to Australia’s vibrant thoroughbred scene.

“Through Fast Track, we’ve been able to create a pathway for new people to enter our industry regardless of their background or level of horse experience and we know the formula works – close to 90% of our graduates have remained working in the industry after completing the course, which is really pleasing,” says TBA chief executive, Tom Reilly.

Among the diverse graduates are an electrician, beauty therapist and a cricket coach, all of who were looking for a career change.

The current crop of trainees also includes an army veteran who developed a passion for horses after taking part in an equine therapy program.

Successful Fast Track applicants commence a full-time traineeship with a stud farm while studying for a Certificate III in Horse Breeding – a nationally recognised formal qualification.

To complement the on-the-job learning, students attend two intensive learning blocks in Scone (six weeks in total), where they receive a mix of practical training and classroom theory, as well as take part in a variety of field trips and personal development workshops.

These learning blocks are designed to prepare the trainees for life working on a stud farm and provide them with the foundational skills and knowledge needed to build successful careers in the industry.

Employers from around the country have embraced the program.

“We can’t run the industry without staff and the better the staff we have, the better the industry will be,” says Twin Hills Stud principal Olly Tait.

“TBA is finding trainees who have got an enthusiasm and an interest in horses and/or racing and we’ve been very fortunate to have some good trainees come to Twin Hills”.

A number of graduates have gone on to excel in various roles within the industry.

Alyssa Pickels, two-time runner up in the Newcomer category at the Australian Stud and Stable Staff Awards, spent four years at Kitchwin Hills, working her way up to foaling manager.

Fellow Fast Track graduate Lachie Pethica is currently completing his second year of Godolphin Flying Start, while 2019 graduate Eliza Grantham is a rising star among South Australia’s thoroughbred ranks becoming one of the youngest stud masters in the country, standing Nostradamus at her family’s Springfield Farm.

Fast Track is open to anyone in Australia who is 18 years and over regardless of their level of horse experience.

Trainees have enjoyed placements on farms in Victoria, New South Wales, South Australia and Queensland and with planning underway for the 2023 intake, TBA are calling for farms from all states to get in contact if they are interested in taking on a trainee.

You can begin your application here.

Applications close March 12th and you can email careers@tbaus.com to find out more information. 

2022 Strategy Review

Thoroughbred Breeders Australia (TBA) and Aushorse recently released its annual strategy review. This report outlines key initiatives undertaken in 2022 and looks what the organisations will focus on in 2023.

Click here to view the online edition of the publication.

You can also request a complimentary hard copy by emailing member@tbaus.com.

Support For Victorian Breeders Impacted By Flooding

The Victorian flooding events of the past week have been devastating for many in the breeding community and Thoroughbred Breeders Australia (TBA) is committed to assisting those who have been impacted.

With the announcement of a flood relief package from the Victorian government in the past few days, we want to ensure all those businesses that are eligible to claim are able to do so.

To assist with this, TBA are working with specialist thoroughbred accounting firm, Stable Financial, to provide a service for those breeders who might need some support lodging their applications for grants. This service will be provided free of charge to breeders.

Those wanting to receive support and guidance on navigating the applications for grants or concessional loans can call 03 9629 3023 and ask to speak to Kim Borzatti or Kate Bartolo.

Alternatively, people can email info@stablefinancial.com.au for support.

TBA chief executive Tom Reilly said: “We all know that filling in forms and dealing with government paperwork can be daunting at the best of times, let alone when you’re trying to deal with the impacts of a natural disaster.

“I’m very grateful to Adam Tims, the principal of Stable Financial and honorary treasurer of TBA and Aushorse, to make his staff available so that people can get some advice on how to lodge an application for a grant or concessional loan.”

The relief package announced includes the following:
 

For Primary Producers


Primary Producer Flood Clean Up and Relief Grant

  • $10,000 one off payment for direct impact of floods.
  • Covers activities such as the removal/disposal of debris and injured/deceased livestock, replacing or repairing essential equipment, fixing and replacing fencing, buying fodder, water and water storage, salvaging damaged crops, grain or feed, and hiring or purchasing materials to clean up a property or equipment.
  • Additional supporting documentation is required to be submitted with the application, which is submitted through Rural Finance.
  • Click here for more information and guidelines.

Primary Producer Transport Support Program

  • Claim up to 50% of transport costs up to a total of $15,000 for the transport of emergency fodder or stock drinking water, and moving stock to agistment/sale/slaughter due to flooding.
  • To claim this support, you can use the same application form as the Flood Clean Up and Relief Grant.
  • Click here for more information and guidelines.

Primary Producer Concessional Loans

For Businesses (excluding Primary Producers)

Small Business Immediate Flood Relief Program

For Individuals

Disaster Recovery Payment

Disaster Recovery Allowance

TBA is also committed to supporting the mental health needs of those who have gone through the traumatic events of the floods. Our Stud Staff Support Line (1300 822 935) provides free and confidential counselling to all in the industry.

Furthermore, TBA has assisted a number of impacted farms by sending a counsellor to the property to talk to staff. To arrange such a visit, contact Cecelia in the TBA team on +61 411 696 036.

Applications Open For The 2022 Nolan Scholarship

Applications for the 2022 Nolan Scholarship are now open.

The Nolan Scholarship is awarded annually to a graduate of the TBA Fast Track program in memory of the late Basil Nolan Jnr, a highly respected and much loved member of the Australian breeding community.
 
The successful graduate will travel to Ireland for six months to take part in the Irish National Stud Breeding Course. Pictured is 2021 scholarship recipient, Tess O’Connor, receiving her certificate after successfully completing the course earlier this year.
 
The scholarship will be awarded to the student who best displays the qualities that Basil Jnr himself was so widely admired for.

The Irish National Stud Breeding Course

The Irish National Stud Course was established in 1971 and is regarded as the best-known equine training program within the thoroughbred industry. Many graduates have gone on to hold prominent positions on farms and within organisations around the world.
 
Unlike university based programs, the training is mainly of a practical nature and is designed to provide students with a hands-on approach to every aspect of horse breeding. The course is full-time residential and starts mid-January each year and runs for the Northern Hemisphere breeding season.

Learn more about the Irish National Stud here.

Scholarship Criteria

  • Applicants must have successfully completed the TBA Fast Track program. This includes graduating with a Certificate III in Horse Breeding from TAFE and having their formal traineeship signed off by their employer. Students who were not eligible for formal traineeships (ie. those based outside NSW) must have completed a minimum 12 months employment with their farm.
  • Prior knowledge and/or industry experience will not be taken into account during the selection process. The scholarship will be awarded based on what the individual has achieved since commencing the Fast Track program and the contribution they have made to their workplace and/or the industry during this time.
  • Although academic ability isn’t the sole focus, applicants will need to have displayed a level of dedication and a positive attitude towards their studies, and have been a courteous member of the classroom during their time on the program.
  • In the workplace they must have consistently demonstrated an excellent work ethic and have been a team player; someone who is kind and supportive and always willing to help others.
  • They must demonstrate a genuine passion for the thoroughbred industry.

The successful applicant will be the person who best fulfills the above criteria and who the interview panel believe will be a great ambassador for the Australian breeding industry and honour Basil Jnr’s legacy.
 
The following attributes were central to Basil and what he most looked for in staff members of his own:

  • Honesty
  • Enthusiasm
  • Motivation
  • A strong work ethic
  • A passion for learning more on the job

The Application Process

To apply for the Nolan Scholarship, you must complete an online application form.

You are also required to upload a Letter Of Support from your employer and/or an industry referee (someone who currently works in the thoroughbred industry).

The letter should outline why they think you are a deserving recipient of the scholarship with particular focus on your attitude towards learning, contribution to the workplace, your relationships with your peers and colleagues, and your passion for horses.

Only shortlisted applicants will be invited to sit an interview via Zoom, with a panel of TBA representatives and members of the Nolan family. 

Successful Fast Track graduates are eligible to apply for the scholarship at any time. You are not restricted to applying in the year that you graduate and if unsuccessful, you can always reapply the following year. There is no limit on how many years you can apply. 

Click here to begin your application.

Applications for this year’s scholarship close on Monday 10th October at 11.59pm. Those shortlisted will be contacted shortly after to arrange a suitable interview time. 

The successful applicant will need to arrive in Ireland in early January 2023 and remain there until the end of June, when the course finishes.

The full cost of flights and tuition will be covered by Thoroughbred Breeders Australia.

This is an incredible opportunity for anyone looking to develop their career in the thoroughbred sector. The Irish National Stud Course is world renowned and many of Australia’s industry leaders are successful graduates of the program. 

For more information, contact Madison Tims at madison@tbaus.com.


Mental Health & Wellbeing Workshops

Throughout August, Thoroughbred Breeders Australia (TBA) will be hosting a series of mental health awareness and wellbeing workshops.

These free workshops will be presented by Pippa Baker, a qualified mental health educator. The sessions aim to help managers develop the practical skills and knowledge to help enhance the wellbeing and performance of their staff. 

Topics that Pippa will cover include: 

  • What is burnout and how to manage it effectively
  • Positive psychology
  • Feedback strategies
  • What is depression and how do I recognise it?
  • What is anxiety and how do I recognise it?
  • Why is empathy important in the workplace?

Dates and locations for the workshops are as follows: 

  • Victoria – 4th August at the Nagambie Rowing Club 4pm – 6pm (face-to-face delivery).
  • New South Wales – 17th August Scone Equine Research Centre 4pm – 6pm (face-to-face delivery). 
  • Zoom Webinar – 24th August 11am – 1pm (AEST)
  • Zoom Webinar – 29th August 5pm – 7pm (AEST)

To register to attend either a face-to-face workshop or zoom session, simply click on the registration link below and fill our the form:

Register For Workshops

Pippa will also be talking about understanding the Stud Staff Support Line (SSSL): how to use the platform and the benefits of the service. The SSSL was launched by TBA last year and offers free, confidential counselling to anyone working in the breeding industry. 

To access the service, phone 1300 822 935 and let them know you are calling from the Thoroughbred Breeding industry.

To help raise awareness of the SSSL with your staff, we’ve created two posters that you can download and print. We suggest displaying these in common areas around the farm such as staff rooms, accommodation, yearling barns, crushes and the stud office. 

Download Posters

For more information contact TBA’s Education and Projects Manager, Madison Tims, on 0405 535 436 or drop her an email at madison@tbaus.com.

Developing Our Workforce

Over the coming months, TBA will be hosting a series of one day workshops around the country offering stud workers in management roles the opportunity to advance their leadership and communication skills.

These workshops will focus on the following:

  • How to motivate and manage a team
  • Build effective communication skills
  • Develop skills to respond appropriately under pressure
  • Navigate difficult conversations in the workplace

The cost of the training is fully-funded by TBA and the content is primarily designed for team members in middle-management/supervisory roles, however the training is also suitable for aspiring managers. 

The training is delivered by Juliet Robinson from Big Goals. Juliet has over 20 years experience helping leaders and teams perform better and a good understanding of the ag sector.

You can read more about Juliet and her work here.

The first workshop was held in Toowoomba on Wednesday 22nd June, with plenty of positive feedback from those who attended.

Upcoming workshops include:

  • Monday 4th July in Hahndorf, South Australia.
  • Tuesday 12th July in Nagambie, Victoria.
  • Thursday 21st July in Mornington Victoria.
  • Wednesday 27th July in Perth, Western Australia.
  • Friday 29th July, Tasmania (location TBC).

The workshops run from 9am to 5pm with morning tea, lunch and afternoon tea provided.

Registration is essential and participants are asked to complete a small amount of pre-course work prior to attending.

For more information and to register for any of the above dates, contact Madison Tims at madison@tbaus.com.

Breeders To Access RIC Loans From July 1st

From July 1st, thoroughbred breeders will have access to the loans offered by the Regional Investment Corporation. Gaining this access was something that Thoroughbred Breeders Australia (TBA) had lobbied governments for two years.

The loans are offered at a concessional rate – currently 2.31% – which is likely to remain lower than commercial lenders, as it is calculated on the back of the federal government’s bond rate, rather than that of the Reserve Bank of Australia.

While there are four types of loans available, the three most likely to be accessed by breeders are:

Farm Investment Loan: This is the most popular of the RIC’s loans and is typically used by farmers to refinance existing debt.

Agristarter Loan: Aimed at helping people obtaining their first farm business or buying relatives out of their farm businesses.

Drought Loan: To help farmers recover from drought or prepare for future climactic events.

All three of these loans have a 10 year loan term, with the first five years at interest only. The remaining debt at the end of the loan term can be refinanced with a commercial lender.

While these loans sound very attractive, there are some really important caveats to eligibility. For example, for the Farm Investment Loan a business has to demonstrate they have been adversely impacted by an event outside their control for two in the past five years; this may be drought, floods or disease outbreak.

For many breeders this will be relatively easy to prove given the recent drought, but people applying will need to be able to show this through their financial records.

Another criteria for eligibility is that applicants will be asked to demonstrate they intend to sell their products into supply chains that are mainly interstate or overseas. Again, given the national nature of horse racing, this is something that many breeders will be able to show; for example, NSW breeders selling stock at the Magic Millions interstate, or horses sold at auction being sent to interstate stables.

The feedback TBA has received from other farming groups is that the RIC approval process is slower and more bureaucratic than with a commercial lender, and that the eligibility criteria is strictly enforced. Anecdotally, other agricultural sectors have said the Farm Investment Loan is the most valuable and this is best used when refinancing.

For those considering whether RIC finance might be suitable for their business, TBA strongly encourages reading the loan guidelines (links below):

Farm Investment Loan

Farm investment loan guidelines: loans for farm businesses (ric.gov.au)

Agristarter Loan

AgriStarter Loan – Regional Investment Corporation (ric.gov.au)

Drought Loan

Drought loan guidelines: loans for farm businesses (ric.gov.au)

Those wanting to discuss the RIC Loans further should contact Craig Turner, who is a RIC business development manager and also has an understanding of the thoroughbred industry having been involved in ownership for many years.

However, TBA strongly encourages reading the loan guidelines before reaching out to Craig. He will then be able to provide further guidance on how an application could be progressed and how a farm could demonstrate its eligibility.

Craig can be reached at craig.turner@ric.gov.au or on 0466 515 307.

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