Drought Support Updates
14 May 2020
$310 Million In Emergency Drought Relief Funding Announced
The NSW Government has announced a further $310 million in emergency drought relief in recognition of the on-going drought conditions in regional NSW.
This funding brings the NSW Government’s total drought support and water security commitment to close to $4 billion.
Extended support for drought affected communities and farmers include:
- $116 million to continue the Drought Transport subsidy (including extending the subsidy into 2020/21 with a further $50,000 cap)
- $99 million to continue waiving of Local Land Services rates, bee site permits, Western Lands lease rent, wild dog fence rates and provide assistance for vehicle registration costs for eligible primary producers
- $28.5 million to continue existing water licence fee waivers for stock, domestic, general and high security water users
- Continuation of health and wellbeing programs, including the Farmgate Counsellors program, Aboriginal wellbeing services and Royal Flying Doctors Far West Drought Support programs.
Minister for Agriculture Adam Marshall said the Drought Transport Subsidy would be extended to help farmers reduce the cost of transporting fodder, stock, fertiliser, water and other farm inputs. For more details on the Drought Transport Subsidy, click here.
“We are reducing the cost of doing business to help farmers and their stock endure as we head towards recovery,” Mr Marshall said.
Primary producers and small businesses already receiving support payments, subsidies, waivers and fee relief from the Emergency Drought Relief Package do not have to reapply.
More information can be found at www.droughthub.nsw.gov.au.
Sourced from www.dpi.nsw.gov.au
Emergency Water Infrastructure Rebate Scheme Extended -
PLEASE NOTE: THE EWIR SCHEME IS NOW CLOSED
Funding for the Emergency Water Infrastructure Rebate (EWIR) scheme has recently been extended, with an additional $9.25 million available to farmers to purchase and upgrade of on-farm water infrastructure.
The EWIR scheme is available to eligible primary producers who can claim rebates of up to $25,000 on new purchases and installation costs of water infrastructure projects for animal welfare needs. This includes the installation of pipes, water storage and water pumps, de-silting dams and associated power supplies costs. This Rebate scheme can be applied to costs incurred from 1st July 2018.
For invoices dated from 1 July 2019, the program is also open to horticulturalists with permanent plantings who can apply to install new bores or desilt dams.
The maximum that can be claimed is $25,000 per farm enterprise. The availability of rebates is subject to funds being available. No rebates will be offered beyond the allocated funding.
Applications close 30 June 2021 or when the funding allocation is exhausted, whichever occurs first.
For more details or to apply please visit www.raa.nsw.gov.au.
If you require more information on the new funding available or the EWIR scheme, please contact your local Boyce accountant.
Sourced from www.raa.nsw.gov.au