DROUGHT ASSISTANCE FUND

The Drought Assistance Fund provides a $50,000 interest free seven year loan to transport stock, fodder and water; genetic banking of breeding herds, fodder and water infrastructure and activities which promote profitability and resilience as a result of the on-farm investment. No repayment is required in the first two years.

www.raa.nsw.gov.au/loans/drought-assistance-fund
NB: Applicants who received a loan in the 2018-19 financial year can apply for an additional loan of up to $50,000 in the 2019-20 financial year.

FARM INNOVATION FUND

The Farm Innovation Fund provides a low interest loan scheme to build permanent infrastructure to a maximum of $1,000,000 per project. 

The Farm Innovation Funds helps to improve farm productivity, manage adverse seasonal conditions and ensure long term sustainability.  The interest rate is fixed at 2.5% and the loan is for a maximum 20 year period.

www.raa.nsw.gov.au/loans/farm-innovation-fund
Interest charges on Farm Innovation Fund loans for the 2019-20 year will be waived.

FUEL TAX CREDIT RATES

Fuel tax credit rates increased on 5 August 2019.  The new rates are 16 c/litre for heavy vehicles travelling on public roads and 41.8 c/litre for vehicles travelling off public roads and for powering auxiliary equipment of a heavy vehicle.

EMERGENCY WATER INFRASTRUCTURE REBATE

The Emergency Water Infrastructure Rebate covers 25% of the cost of purchase, delivery and installation of water infrastructure that addresses animal needs and improves resilience to drought.

Eligible activities include:

  • Pipes
  • Water storage devices such as tanks and troughs
  • Pumps
    De-silting of existing dams
  • Bores and associated power supply.

Ineligible activities include:

  • Construction of dams
  • Water infrastructure for uses other than to supply water for livestock.

The rebate can be claimed for eligible water infrastructure expenses since 1 July 2018, up to a maximum rebate of
$25,000 per farm enterprise.

Apply at www.raa.nsw.gov.au/grants/emergency-water-infrastructure-rebate-scheme

EMERGENCY DROUGHT TRANSPORT SUBSIDY

Round Two of the Drought Transport Subsidy is now available. The subsidy can be applied for the cost of transporting fodder, water to a property for stock or domestic use, stock  to and from agistment, and stock to sale or slaughter. For applications received from 1 July 2019 the subsidy also includes transporting of farm chemicals, fertiliser and seed  to farms.

Farmers who applied for the Drought Transport Subsidy in the 2018/19 financial year (Round One) are able to apply for an additional $40,000 for invoices dated between 1 July 2019 to 30 June 2020. Farmers who did not apply for the Drought Transport Subsidy prior to 30 June 2019 (Round One), can apply for a maximum subsidy of $40,000 for invoices dated from 1 January 2018 to 30 June 2020.

The subsidy covers up to 50% of the full cost of freight up to a maximum of $7.50 per kilometre. For invoices dated from  1 July 2019 to 30 June 2020, the maximum distance of 1500km that is able to be subsidised has been removed.

Apply at www.raa.nsw.gov.au/grants/transport-subsidy-emergency-drought-relief.