5 October 2018
The NSW Government has announced a relaxation of the off-farm asset test for farmers to access the Drought Transport Subsidies and the Drought Assistance Fund. Criteria for ‘new entrants’ has also been included to recognise and support people who are new to farming and who would benefit from accessing drought support measures while building their farm business.
The current off-farm asset threshold has been increased from $1 million to $5 million, meaning more farmers are eligible to access a range of support measures.
A transport subsidy of up to 50% of the total freight cost, up to a limit of $20,000 per year or $30,000 in total, is available to eligible farmers to assist with transporting of stock to/from agistment and to sale or slaughter or to transport fodder and drinking water.
6 September 2018
To give farmers and their families some much needed drought relief from 30 July 2018 the NSW government are waiving registration charges on Class 1 agricultural vehicles.
In addition, farmers will also benefit from a rebate on heavy vehicle registration costs for the next two years.
Waiving registration charges on Class 1 agricultural vehicles
What is a Class 1 agricultural vehicle?
- A Class 1 agricultural vehicle exceeds one or more of the following prescribed dimensions
- 2.5m wide, 4.3m high, 12.5m long, 42.5 tonnes gross mass (or exceeding a statutory axle mass limit)
- Has its own automotive power
- Is built to perform agricultural tasks (and registered/insured for on farm use)
Example of vehicles that are eligible for the relief may include Loader, Bulldozer, harvester, picker, sprayer, excavator, spreader, grader, tractor
23 August 2018
As the drought continues across New South Wales, both the State and Federal Governments have announced a number of funding packages and support for farmers. At this stage there have been no support announcements in relation to non-farm business owners impacted by the drought.
We recognise the drought impacts everyone differently, and that in many cases the subsidies will only be a token amount of support. We also appreciate that not everyone will be eligible, nor wanting to claim the support available.
If you have looked into the funding and support available, you will appreciate the challenges in understanding the support available, the eligibility criteria, and the application processes. The Boyce team have researched the details of support currently available and are well placed to assist you in determining whether you are eligible and in the best type of assistance to suit your individual circumstances.
15 August 2018
It was a special running of the City2Surf last Sunday, with Boyce celebrating its tenth year of participation. As the top 10 fundraiser in the city2surf, Boyce raised more than $36,500 for children’s health and education charity Royal Far West.
The final fundraising total means Boyce has raised more than $265,000 during its ten years of participating in the City2Surf. “I’m proud of the Boyce team for their efforts in the City2Surf and for their various fundraising endeavours over the past two months, whether it be cooking barbecues or giving out hugs,” Managing Director Phil Alchin said.
10 August 2018
Premier Gladys Berejiklian recently announced an additional $500 million in emergency funding to help drought-affected farmers.
Mrs Berejiklian said the additional funding will help farmers who have faced an "unforgivably dry winter".
The three major elements of the $500 million NSW Emergency Drought Relief Package are:
- $190 million for Drought Transport Subsidies
- $100 million for cutting the cost of farming fees and charges – by waiving Local Land Services rates, waiving fixed water charges in rural and regional areas, and waiving class one agricultural vehicle registration costs
- $150 million to bolster the Farm Innovation Fund (FIF) infrastructure program by waiving refunding interest charges on all existing loans for the 2017/18 and 2018/19