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$100 million new drought recovery loan scheme announced

$100 million new drought recovery loan scheme announced

16 January 2015

In early December, the minister for agriculture, Barnaby Joyce, announced targeted government assistance for drought-affected farmers in Queensland and New South Wales through the $100 million Drought Recovery Concessional Loans Scheme.

Minister Joyce said the government’s drought recovery loans would target farm businesses that are in need of financial assistance as a result of severe and protracted drought conditions. 

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NSW Government Farm Innovation Fund

NSW Government Farm Innovation Fund

23 October 2014

In the face of an increasingly variable climate, the New South Wales Government set up the Farm Innovation Fund to assist farmers to meet seasonal challenges.

Funding by way of a loan is available to meet the cost of carrying out permanent capital works that will have a significant beneficial impact on the land, long term profitability of the enterprise and address adverse seasonal conditions. 

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Emergency Water Infrastructure Scheme

Emergency Water Infrastructure Scheme

1 October 2014

Eligible farmers in NSW who are experiencing a one-in-50-year rainfall deficiency are now able to apply for the Emergency Water Infrastructure Rebate (EWIR) to help install on-farm water infrastructure such as pipelines, bores, tanks and troughs.

The New South Wales government has announced $20 million in additional support for drought affected farmers under the EWIR scheme. The scheme delivers financial assistance to primary producers in severely drought affected areas to install crucial stock water infrastructure and better prepare for future droughts.

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Drought Concessional Loan Scheme Opens

Drought Concessional Loan Scheme Opens

25 June 2014

Eligible farmers in NSW who are experiencing financial hardship from drought are now able to apply for a concessional loan under the Drought Concessional Loans Scheme to help cope with the current conditions and recover when conditions improve.

Minister for Agriculture, Barnaby Joyce, and NSW Minister for Primary Industries, Katrina Hodgkinson, announced the roll out of the scheme in NSW late last week.

"I said we would deliver a loans package for farmers struggling with the drought in NSW – and we've delivered. I am pleased that $100 million in drought loans will now start flowing to NSW farmers," Minister Joyce said.

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Expanded NSW Drought Assistance Package

Expanded NSW Drought Assistance Package

28 March 2014

Deputy NSW Premier Andrew Stoner and Minister for Primary Industries Katrina Hodgkinson have announced additional assistance measures for drought stricken farmers in NSW in attempt to help landholders and communities deal with the crisis.

The measures include the expansion of a temporary package of emergency in-drought support measures to an additional 20 local government areas including – Armidale, Bogan, Central Darling, Cobar, Coonamble, Gilgandra, Glen Innes, Gunnedah, Guyra, Gwydir, Inverell, Moree Plains, Narrabri, Tamworth Regional, Tenterfield, Uralla, Walcha, Warren and Warrumbungle as well as Broken Hill and the far west Unincorporated area.

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