Farm Innovation Fund
Total funding = $650,000,000
Funds allocated as at: 24 February 2019
Remaining funding
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.
APPLY ONLINE NOW
The application process
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 (section 2).
Funding is available to meet the cost of carrying out permanent capital works that fall into four main categories: Drought Preparedness, Environment, Farm Infrastructure and Natural Resources. Download the guidelines (PDF, 149.79 KB) for full details. (section 2)
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 hard copy of the form, download the manual form and all attachments relevant to the transport costs you are claiming.
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.
