Closed
Farm Innovation Fund
Tender ID: 539353
Tender Details
Organisation:
Tender #:
-
Status:
Closed
Publish Date:
2 October 2023
Closing Date:
15 October 2023
Tender Description
The NSW Government has committed $1 billion to the Farm Innovation Fund.
Farmers can borrow up to a maximum of $1 million per project, with a total of $1 million outstanding at any one time to build on-farm infrastructure, including stock containment areas.
The Farm Innovation Fund is a long term, low interest rate loan scheme for NSW farmers for permanent on-farm infrastructure. The Farm Innovation Fund helps farmers to:
- improve farm productivity - reduce risks and improve efficiencies by building fodder and grain storage facilities, sheds, fencing, roadworks and solar power conversions.
- manage adverse seasonal conditions - improve water efficiencies with irrigation systems, cap and piping of bores, new dams, install water tanks and desilting of ground tanks.
- ensure long term sustainability - 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 riverbanks.
Total funding = $1,000,000,000
As of 1 September 2023
Farm Innovation Funds approved - $679,070,042.
Seafood Innovation Funds approved - $10,966,941.
Drought Assistance Funds approved - $181,377,050.
Remaining funding - $128,585,967
Location
New South Wales
:
Central West
:
Far North Coast
:
Far West
:
Hunter
:
Illawarra
:
Mid North Coast
:
Murray
:
New England
:
Orana
:
Riverina
:
Southern Highlands
:
Sydney
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