Support available for eligible applicants:
Farm Innovation Fund
A loan scheme for capital works to a value of $250K (eg sheds, silos, water storage) for infrastructure works to prepare for dry conditions, to be more resilient and improve on-farm efficiency.
https://www.raa.nsw.gov.au/loans/farm-innovation-fund
Drought Assistance Fund
A one-off $50,000 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.
https://www.raa.nsw.gov.au/loans/drought-assistance-fund
Farm Household Allowance
Income Support for eligible farmers and their partners for up to three years. Contact the Rural Financial Counselling Service on 132 316.
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.