Funding Boosted to $1.8B for Drought-Stricken Communities

Rodiano Bonacci
Agosto 21, 2018

Prime Minister Malcolm Turnbull foreshadowed a significant additional package of measures a fortnight ago, when he visited Trangie in western NSW to announce extra cash payments for farmers with little or no income.

"That's providing even more incentive for farmers to put themselves in a position where they absolutely are giving themselves the best chance of getting through a drought".

Farmers will be better placed to invest in fodder storage as part of the instant depreciation initiative.

The government will also double the amount farmers can borrow in low-interest loans from $1 million to $2 million, which can be spent on fodder and water.

Turnbull announced the news from Forbes, in the Central West region of NSW on Sunday. This measure recognises that support is also needed for the communities and businesses that back our farmers.

New Federal Government drought relief measures and continued community support were a boost for Queensland farmers and regional towns that have been doing it tough for a long time, AgForce said.

"One of the most important things to do if you're on the land in Australia is to prepare for drought".

The local councils will have access to a pool of $75 million to fund projects, including providing emergency water supplies.

He will work with government to facilitate coordination of service delivery, including the Drought Commissioner in NSW, Drought Commissioners in Queensland, the Farm Liaison Officer appointed by the Department of Agriculture and Water Resources and relevant agencies in other states.

Reserve Bank of Australia governor Philip Lowe says the drought is having a negative impact on the economy, telling a parliamentary committee on Friday that the dry conditions will limit farm production.

Prime Minister Malcolm Turnbull has announced further funding for severely affected farmers battling, what many are calling, Australia's worst drought since the 1960s.

Mr Guerin said AgForce had developed an "Agricultural Business Cycle" approach to drought policy, which aims to move from the current reactive, crisis-driven response from government to empowering producers to better manage climate risk.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE