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.
Regional Investment Corporation
The Australian Government has established the Regional Investment Corporation. From 1 July 2018, farmers can apply to the RIC for the Commonwealth’s farm business concessional loans. Contact RIC on 1800 875 675 for more information.
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.
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. 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.