Ahead of the NSW state election on 25 March 2023, the NSW Government caretaker period has commenced. Limited updates will be made to this website during this period.

Farm Innovation Fund

More topics in this section

The Farm Innovation Fund is a long term, low interest rate loan scheme 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.


Find out what you can apply for

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, 209.47 KB) for full details of eligibility (sections 9-10) and what you can apply for. (sections 2 & 11)

What you will need

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

  • Signed Mortgagees Consent Form from your existing mortgagee (download a Mortgagees Consent Form PDF, 224.15 KB)
  • 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 (download Farm Business Plan Template DOCX, 47.03 KB)
  • Trust Deed (if applicable)
  • 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

Apply online

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.

Apply online now

Apply manually with a paper form

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

Download paper form (DOCX, 92.02 KB)

Claim invoice payment

You will need:

  • BP reference number
  • ABN number
  • Case number from original application
  • Invoices
Claim online now

Need help?

If you have more questions please refer to the Farm Innovation Fund Frequently Asked Questions (PDF, 184.7 KB) or contact the RAA on 1800 678 593 or email rural.assist@raa.nsw.gov.au

Frequently asked questions

If you are unsure about program and application details and requirements, please refer to the frequently asked questions for more information as your queries may be covered in this document.

Download the Farm Innovation Fund Frequently Asked Questions here (PDF, 184.7 KB).

If you are still unsure, please contact the RAA on 1800 678 593 or via email at rural.assist@raa.nsw.gov.au

Total funding = $1,000,000,000

As at 1 March 2023

Farm Innovation Funds approved -  
$647,554,649
Seafood Innovation Funds approved -  
$10,600,941
Drought Assistance Funds approved -  
$182,222,360
Remaining funding -  
$159,622,050

* Total funding allocation is for the Farm Innovation Fund, Seafood Innovation Fund and the Drought Assistance Fund
* Rounding may mean subtotals are less than grand total


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