Farm Innovation Fund

 

The Farm Innovation Fund is part of the NSW Government's Drought Strategy and is a long term, low interest rate loan for NSW farmers for permanent on-farm infrastructure. The Farm Innovation Fund helps farmers to:

  • improve farm productivity - reduce risks and improve efficiencies by building fodder and grain storage facilities, sheds, fencing, roadworks and solar power conversions.
  • manage adverse seasonal conditions - improve water efficiencies with irrigation systems, cap and piping of bores, new dams, install water tanks and desilting of ground tanks.
  • ensure long term sustainability - increase the viability of a farm business and improve pasture and soil health, plant trees for shade and wildlife corridors, eradicate weeds, flood proof property and fence river banks.

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The application process

Find out  what you can apply for
What you will need
Apply online or manually
Claim invoice payment
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The Farm Innovation Fund is available to farmers in NSW 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 business and address adverse seasonal conditions. Download the Guidelines (PDF, 149.79 KB) for full details of eligibility (sections 9-10) and what you can apply for. (sections 2 & 11)

For your application you will need a copy of the following documents:

  • Signed Mortgage Lenders Consent Form from your existing mortgagee.
  • Last 3 years balance sheets and Financial Statements of your farm enterprise. (These include Profit and Loss Statements, Stock Trading account and Depreciation schedules)
  • Last 3 years individual Taxation Returns and a current listing of all Assets & Liabilities held by each: Individual members of a Partnership/ Family Trust and Individual Director(s)/Shareholder(s) of all Companies
  • Copy of Farm Business and Risk Assessment Plan
  • Monthly Cash Flow Budget for the next 12 months
  • Copy of current LGA (council) rates and LLS rates notice(s) for property(s) where the work is to be completed

The online application form has been designed to make the process as simple as possible. We recommend that you have all scanned documents ready to upload before starting the process. We recommend that you use the Google Chrome browser.

If you prefer to download a paper copy of the application form, download the form here.

Download and complete the Authority to Pay form and submit this form with your invoices.

If you have more questions please refer to the Farm Innovation Fund Fact Sheet or contact the RAA on 1800 678 593.

For more information please refer to the Farm Innovation Fund Fact Sheet.

Visit Drought Hub for more information on the full range of drought assistance available to NSW farmers.

Total funding = $650,000,000

Funds allocated as at: 19 May 2019

$377,108,544

Remaining funding

$272,891,456

* Total Funding figures includes Drought Assistance Funds