Farm productivity and sustainability loan
Program name:
Farm Innovation Fund
Program URL:
Overview
The Farm Innovation Fund and is a long-term, low interest rate loan of up to $1 million for NSW farmers to improve permanent on-farm infrastructure. The loan helps farmers to:
- reduce risks and improve efficiencies by building fodder and grain storage facilities, sheds, fencing, roadworks and solar power conversions
- improve water efficiencies with irrigation systems, cap and piping of bores, new dams, install water tanks and desilting of ground tanks
- increase the viability of a farm business and improve pasture and soil health, plant trees for shade and wildlife corridors, eradicate weeds, flood proof property and fence river banks
Benefits
- Improve farm productivity
- Manage adverse seasonal conditions
- Ensure long term sustainability
Key eligibility
To be eligible to participate in the program, you must:
- be the owner or operator of a farm business where the work is to be carried out
- operate as a sole trader, partnership, trust or private company and trades agricultural products
- have your business is registered with the Australian Taxation Officer as a primary producer, and have
an Australian Business Number (ABN) - earn more than 50% of your gross income from your primary production enterprise under normal seasonal circumstances; or
- you have been operating your farm business for between 1 and 3 years and more than 50% of your gross income will be derived from the farm business within 3 years of the date of the application - these applications will be considered on a case by case basis
- not have gross off farm assets exceeding $5 million.
Other conditions may apply.
Next steps
Check your eligibility and apply at:
NSW Government website
Email rural.assist@raa.nsw.gov.au
Call 1800 678 593