Farm productivity and sustainability loan

Program name: 
Farm Innovation Fund
Location: 
Type: 

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