Farm productivity and sustainability loan

Program name:

Farm Innovation Fund

Program URL:

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

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.