Farm productivity and sustainability loan

Overview

The Farm Innovation Fund and is a long-term, low interest rate loan of up to $1 million for New South Wales 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 [at] raa.nsw.gov.au 

Call: 1800 678 593