NSW to receive $500m drought assistance
I welcome the $500 million drought relief package that has been announced today, by the NSW government. This brings the total Drought Assistance Package to $1.1 billion. Now, our farmers just need some rain and help from the Federal Government, which I will continue to seek when Parliament resumes next month.
After months of calling for help, our state politicians have listened and delivered, including the much needed freight subsidies.
The three major elements of the $500 million Emergency Drought Relief Package are:
- $190 million for Drought Transport Subsidies;
- $110 million to cut the cost of farming by waiving fees and charges; and,
- $150 million to bolster the Farm Innovation Fund (FIF) infrastructure program.
The package also includes funding for:
- Counselling and mental health;
- Critical services in regional communities including transporting water and drought related road upgrades and repairs; and,
- Animal welfare and stock disposal.
Drought Transport Subsidies:
The NSW Government will offer a transport subsidy of up to $20,000 per eligible farm business.
- The subsidy can cover 50% of the full cost of freight up to a maximum of $5 per kilometre and 1,500 kilometres per journey, so the maximum subsidy per journey would be $3,750.
- The subsidy can be applied for the cost of transporting fodder, water to a property for stock, stock to and from agistment, and stock to sale or slaughter.
- The subsidy will be back-dated so farmers can access subsidies for freight expenses incurred since 1 January 2018.
The NSW Rural Assistance Authority (RAA) will begin processing applications for Drought Transport Subsidies from Monday, 6 August 2018, and if you need assistance, you can learn more by visiting this link…