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Financial Assistance

Support available for eligible applicants:
Farm Innovation Fund

A loan scheme for capital works to a value of $1 million (eg sheds, silos, water storage) for infrastructure works to prepare for dry conditions, to be more resilient and improve on-farm efficiency. Contact RAA on 1800 678 593 for more information.

https://www.raa.nsw.gov.au/loans/farm-innovation-fund

Drought Assistance Fund

A one-off $100,000 interest free loan to transport stock, fodder and water, and installing on-farm fodder and water infrastructure. Seven year interest free repayment terms. No repayment required in the first two years. Contact RAA on 1800 678 593 for more information.

https://www.raa.nsw.gov.au/loans/drought-assistance-fund

Farm Household Allowance

Income Support for eligible farmers and their partners for up to four years. Contact the Farmer Assistance Hotline on 132 316, or contact the Rural Financial Counselling Service on 1800 686 175.

http://www.agriculture.gov.au/ag-farm-food/drought/assistance/farm-household-allowance

https://www.humanservices.gov.au/individuals/services/centrelink/farm-household-allowance

Taxation Measures

Primary producers can immediately deduct the cost of fodder storage assets, such as silos and hay sheds used to store grain and other animal feed storage. The government has increase the instant asset write-off to 31 December 2020.  There are a number of tax offsets, tax deductions and concessional treatments. For more information contact the ATO Business Enquiries Line on 13 28 66.

https://www.agriculture.gov.au/ag-farm-food/drought/assistance/tax-relief

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