Agri business leader appointed to RIC Board

MC 23/18

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

The Hon. David Littleproud MP
Minister for Agriculture and Water Resources
Federal Member for Maranoa

Date: Sunday, 22 April 2018

Highly regarded agri-businesswoman Ms Prue Bondfield has been appointed as a member of the Board of the Regional Investment Corporation. 

As General Manager and Director of Palgrove, a livestock business with properties in Queensland and New South Wales, Ms Bondfield has gained significant agribusiness and farming expertise.

Ms Bondfield has a background in law and has demonstrated strong corporate governance skills, developed through professional training, her own business enterprise and various other industry roles.

She has held positions as the Chair of the Beef Industry Sustainability Framework Steering Committee, a Director of the State Management Council for the NSW Livestock Health and Pest Authorities, and has been a Director of the Beef Improvement Association.

The appointment of Ms Bondfield will enhance the capacity and capability of the current Board to deliver for rural and regional Australia. 

The Regional Investment Corporation (RIC) will commence its functions from 1 July 2018 and the Board is working hard to establish the new entity’s operations.

The RIC will administer the Coalition Government’s $2 billion farm business concessional loans program and the $2 billion National Water Infrastructure Loan Facility. 

Consolidating the delivery of the farm business concessional loans under the RIC will streamline the process for farmers and ensure national consistency in decision-making.

For more information about the Regional Investment Corporation visit:


Media Contact(s)

For Minister Cormann: Karen Wu - 0428 350 139
For Minister Littleproud: Les White - 0409 805 122