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Funding Available for the Rural Communities of NSW

Much of NSW is experiencing welcome relief after several dry years. Much of the funding available now is part of the recovery and also due to COVID-19 + there is an opportunity for dairy farmers that supply woolworths.

Information on this page should be used as a guide only and further financial advice is required.

 

Woolworths Innovation Fund

To help their dairy farmers continue investing in farms for the future, Woolworths launched the Dairy Innovation Fund. The Fund will deliver $5 million in grants up to $100,000 each over three years to Australian dairy farmers in their supply chain. These grants will support on-farm improvements that deliver innovation, efficiency, greater resilience or enhanced sustainability. Our contribution to farms will fund new capital improvements or technology, and provide additional funds to help expand existing projects. There is a very short window to apply for the grants and we are assisting each farmer in their application.

 

Bureau of Meteorology Summer forecast for NSW

A wet and warm summer and autumn is anticipated based on BOM forecasting for NSW. The Bureau of Meteorology said this La Nina season is just passing its peak but the wet conditions should hang around until autumn.

La Nina was initially projected to reach its peak in December but the rainfall has continued in many regions along the ranges.

Model outlooks indicate the strength of La Niña is likely to ease in the coming weeks with a likely return to neutral conditions during the late southern summer or early autumn.

The Southern Annular Mode (SAM) continues to be strongly positive. While positive SAM often occurs during La Niña, the current event is also being driven by an exceptionally strong polar vortex over Antarctica. Positive SAM values are expected until late January 2021. A positive SAM at this time of year typically increases the chance of rainfall in eastern Australia.

The Madden–Julian Oscillation (MJO) is located over the Indian Ocean. It is relatively weak, although most models indicate it may strengthen marginally in the coming week. The MJO is not expected to significantly influence tropical weather in the Australian region in the coming fortnight.

La Niña and a negative IOD increases the chances of above average rainfall and the last time both events coincided was in 2011, with many regions experiencing flood.

Water storage at Brogo Dam, north of Bega, has risen from 10 per cent in drought-stricken January 2020 to 101 per cent currently, following a wet and wild year.

It is a similar story across southern NSW, with Blowering Dam at Tumut soaring from below 40 per cent last January to 77.7 per cent this January.

Likewise, Burrinjuck Dam in the Yass Valley has jumped from 30 per cent to 78.4 per cent, while Wyangala Dam, between Goulburn and Cowra, has swelled from 10 per cent to 61.5 per cent.

Interactive Map

(click to see what opportunity is available in your LGA)

NSW Government Funding for infrastructure investment

Interest free loans of up to $100,000 over 7 years (prior to July 2020 it was $50,000) for eligible primary producers that implement systems and management practices for greater sustainability. No repayments are required for the first two years The NSW Rural Assistance Authority lists fodder storage as one of several options to claim the funding.

Claim online by clicking here.

To talk to Rural Assistance Authority call 1800 678 593

For investments greater than $100,000, there is a loan scheme for capital works up to a value of $1 million per project and sheds are specified by RAA as anexample.

COVID & Instant Asset Write Off

In response to COVID-19, the Federal government substantially increased the instant asset write-off limit from $30,000 to $150,000, and the business turnover threshold was increased from $50 million to $150 million.

The instant asset write off is available to business owners across all sectors. Businesses can claim a full deduction in the year the new asset is purchased or installed.

Instant Asset Write-off Threshold Turnover Threshold
Prior to 29 January 2019 $20,000 $10 million
29 January to prior to 7:30 pm, 2 April 2019 $25,000 $10 million
From 7:30 pm, 2 April 2019 to 11 March 2020 $30,000 $50 million
From 12 March to 30 June 2020 $150,000 $500 million
More information on the change to the instant asset write-off is available on the Australian Taxation Office's website.

Funding & Low Interest Loans Available for the Rural Communities of Queensland

Significant regions in southern and central Queensland are still drought declared. There are opportunities for dairy farms that supply Woolworths and also the Australian Lot Feeders’ Association (ALFA) has announced an initiative to encourage all feedlots to provide cattle with access to shade.

Information on this page should be used as a guide only and further financial advice is required.

 

Sustainability Loan

Sustainability Loans are helping primary producers invest in the latest infrastructure to create a viable future for their farming business including activities that improve farming system sustainability, natural resource sustainability and financial sustainability. QRIDA will assess applications for the 2020-21 round of funding in the date order they are received complete up to 30 June 2021 or until available scheme funding is fully committed. So far, there has been more than $60 million in loans, of the $100 million budget.

 

Woolworths Innovation Fund

To help their dairy farmers continue investing in farms for the future, Woolworths launched the Dairy Innovation Fund. The Fund will deliver $5 million in grants up to $100,000 each over three years to Australian dairy farmers in their supply chain. These grants will support on-farm improvements that deliver innovation, efficiency, greater resilience or enhanced sustainability. Our contribution to farms will fund new capital improvements or technology, and provide additional funds to help expand existing projects. There is a very short window to apply for the grants and we are assisting each farmer in their application.

 

Bureau of Meterology Forecast, Spring forecast for QLD

Spring days are likely to be warmer than average for most of Australia. Bureau of Meterology has advised ENSO indicators in the tropical Pacific Ocean are consistent with La Niña development.

A negative Indian Ocean Dipole (IOD) index has continued and it is anticipated that a IOD event will be declared.

La Niña and a negative IOD typically increase the likelihood of above average rainfall and when this occurred in 2011 there was increased cyclone activity and flooding rains.

Government Funding that supports infrastructure investment

The Queensland Rural & Industry Authority (QRIDA) provides low interest sustainability loans up to $1.3 million. These loans are to be used to improve long term productivity – including for feeding and fodder production. These loans are also available for people with existing loans and we highly recommend talking to QRIDA for free advice and analysis of your farm business to know how to restructure your farm debt.

You can contact QRIDA 1800 623 946 or visit QRIDA drought support page.

COVID & Instant Asset Write Off

In response to COVID-19, the Federal government substantially increased the instant asset write-off limit from $30,000 to $150,000, and the business turnover threshold was increased from $50 million to $150 million.

The instant asset write off is available to business owners across all sectors. Businesses can claim a full deduction in the year the new asset is purchased or installed.

Instant Asset Write-off Threshold Turnover Threshold
Prior to 29 January 2019 $20,000 $10 million
29 January to prior to 7:30 pm, 2 April 2019 $25,000 $10 million
From 7:30 pm, 2 April 2019 to 11 March 2020 $30,000 $50 million
From 12 March to 30 June 2020 $150,000 $500 million
More information on the change to the instant asset write-off is available on the Australian Taxation Office's website.

Funding Available for the Rural Communities of South Australia

South Australians have a range of low interest loans available for farmers non primary industry businesses affected by bushfires and/or drought. Information on this page should be used as a guide only and further financial advice is required. There is an opportunity with Woolworths for dairy farmers in their supply chain.

 

Woolworths Innovation Fund

To help their dairy farmers continue investing in farms for the future, Woolworths launched the Dairy Innovation Fund. The Fund will deliver $5 million in grants up to $100,000 each over three years to Australian dairy farmers in their supply chain. These grants will support on-farm improvements that deliver innovation, efficiency, greater resilience or enhanced sustainability. Our contribution to farms will fund new capital improvements or technology, and provide additional funds to help expand existing projects. There is a very short window to apply for the grants and we are assisting each farmer in their application.

 

Bureau of Meterology Spring forecast for SA

BOM is forecasting a wet October for South Australia.

Bureau of Meterology has advised ENSO indicators in the tropical Pacific Ocean are consistent with La Niña development.

A negative Indian Ocean Dipole (IOD) index has continued and it is anticipated that a IOD event will be declared.

La Niña and a negative IOD increases the chances of above average rainfall and the last time both events coincided was in 2011, with many regions experiencing flood.

COVID & Instant Asset Write Off

In response to COVID-19, the Federal government substantially increased the instant asset write-off limit from $30,000 to $150,000, and the business turnover threshold was increased from $50 million to $150 million.

The instant asset write off is available to business owners across all sectors. Businesses can claim a full deduction in the year the new asset is purchased or installed.

Instant Asset Write-off Threshold Turnover Threshold
Prior to 29 January 2019 $20,000 $10 million
29 January to prior to 7:30 pm, 2 April 2019 $25,000 $10 million
From 7:30 pm, 2 April 2019 to 11 March 2020 $30,000 $50 million
From 12 March to 30 June 2020 $150,000 $500 million
More information on the change to the instant asset write-off is available on the Australian Taxation Office's website.

Bushfire recovery grants

South Australian Farmers and businesses are able to access bushfire recovery grants.

Small Business Bushfire Recovery Grant

A partnership with the Federal Government to offer up to $50,000 for businesses impacted and for costs including for clean up, rebuilding or restoration.Click here for more information.

Primary Producer Bushfire Recovery Grant

Up to $75,000 available to farmers to help clean-up and repair damaged equipment and fencing. We’re yet to confirm if sheds are clamable under this grant. For more information click here.

Concessional Loans

Primary producers and small businesses on Kangaroo Island and Cudlee Creek as well as other SA regions including Keilira in the south east & also across the Yorke Peninsula can claim for low interest loans up to $500,000. Click here for more information.

 

Loans for SA farmers & businesses

Drought Loan

For primary producers who can demonstrate there has been a loss of income as a result of drought. There has been a change so that there is no need to prove that farmers are located in an ‘eligible area’. The purpose of this loan is to refinance debt and to pay for operating expenses. The amount claimable is up to $2 million over 10 years at an interest rate of 1.92% variable. Click here to know more.

AgBiz Drought

For non primary producers that supply goods or services related to primary production. The businesses must be in a drought affected area and can claim up to $500,000 for refinancing at low interest rates over 10 years. The business must have had a reduction in turnover and have fewer than 20 employees. Click here to know more.

Farm Investment Loan

Low interest loans of up to $2 million for businesses that sell products into supply chains either interstate or abroad, or have future plans to. This low interest loan has a term period of 10 years at 1.92 variable rate. Click here to find out more.

Funding Available for the Rural Communities of Victoria

Victorians have been able to claim Fodder Storage Assets & also access funding as partof the Bushfire recovery. Information on this page should be used as a guide only and further financial advice is required. There is an opportunity for dairy farmers that supply Woolworths.

 

Woolworths Innovation Fund

To help their dairy farmers continue investing in farms for the future, Woolworths launched the Dairy Innovation Fund. The Fund will deliver $5 million in grants up to $100,000 each over three years to Australian dairy farmers in their supply chain. These grants will support on-farm improvements that deliver innovation, efficiency, greater resilience or enhanced sustainability. Our contribution to farms will fund new capital improvements or technology, and provide additional funds to help expand existing projects. There is a very short window to apply for the grants and we are assisting each farmer in their application.

 

Bureau of Meterology Spring forecast for VIC

Tale of two halves in Victoria during winter with western regions drier than usual, which contrasts with wet conditions in the gippsland and east. All regions are expected to have a wet spring.

Bureau of Meterology has advised ENSO indicators in the tropical Pacific Ocean are consistent with La Niña development.

A negative Indian Ocean Dipole (IOD) index has continued and it is anticipated that a IOD event will be declared.

La Niña and a negative IOD increases the chances of above average rainfall and the last time both events coincided was in 2011, with many regions experiencing flood.

Government Funding for infrastructure investment

Since 19 August 2018 primary producers have been able to claim the full cost of a fodeer storage asset, such as a shed in the year that the expense occurred. Previously, the cost could be claimed as a deduction over a 3 year period.

COVID & Instant Asset Write Off

In response to COVID-19, the Federal government substantially increased the instant asset write-off limit from $30,000 to $150,000, and the business turnover threshold was increased from $50 million to $150 million.

The instant asset write off is available to business owners across all sectors. Businesses can claim a full deduction in the year the new asset is purchased or installed.

Instant Asset Write-off Threshold Turnover Threshold
Prior to 29 January 2019 $20,000 $10 million
29 January to prior to 7:30 pm, 2 April 2019 $25,000 $10 million
From 7:30 pm, 2 April 2019 to 11 March 2020 $30,000 $50 million
From 12 March to 30 June 2020 $150,000 $500 million
More information on the change to the instant asset write-off is available on the Australian Taxation Office's website.

Victorian Bushfire Concessional Loans for Primary Producers

Victorian farmers affected by bushfires during the fire season that began in November last year, can access concessional loans of up to $500,000.

Bushfire Recovery Victoria

1800 560 760

vic.gov.au/bushfire-recovery-victoria

Applications close on 31 December 2020.

The grant is available for small businesses and primary producers in East Gippsland, Towong, Alpine, Alpine Resorts (including Falls Creek, Mount Hotham, Mount Buller and Mount Stirling), Indigo, Wangaratta, Mansfield and Wellington Shires who have experienced significant income loss as a result of bushfires.