Through the Drought Infrastructure Fund and the Drought Ready and Resilient Fund, eligible primary producers in New South Wales can access a low-interest loan of up to $1,000,000 to help prepare for, manage and recover from drought.
The NSW Government has committed $250 million to establish the Drought Ready and Resilient Fund, an initiative designed to bolster the resilience of NSW farmers to future adverse weather events and climatic conditions, such as drought.
These long-running programs in NSW have helped primary producers in drought stricken areas all across New South Wales with installing infrastructure or boosting the sustainability of their farms.
The Government has detailed that the purpose of the fund is to support NSW farmers to invest in permanent on-farm infrastructure that will help manage adversarial seasonal conditions, ensure long term sustainability and improve farm productivity.
Eligible producers can borrow up to $1 million per project, with a total of $1 million outstanding at any one time to build on-farm infrastructure, including stock containment areas. A 2.5% fixed interest rate is applied to Drought Infrastructure Fund loans which can be repaid over a period of 20 years.
Through the Drought Ready and Resilient Fund, eligible primary producers can access a low interest loan up to $250,000 to help prepare for, manage and recover from drought.
The loan can be used for products, activities and services relating to animal welfare, farm preparedness, income diversification, environmental improvements as well as training and business development.
The Drought Ready and Resilient Fund loan facility has been designed to complement the existing Drought Infrastructure Fund loan product, formerly known as the Farm Innovation Fund.
The Drought Ready and Resilient Fund loan is available to eligible sole traders, partnerships, trusts or private companies who operate in the primary production sector in NSW.
To be eligible, applicants must earn at least 50% of gross income or at least $75,000 in one year from the primary production business, or be a bona fide primary production enterprise.
Please refer to the program guidelines for further detail:
Drought Ready and Resilient Fund Loan – Program Guidelines
Our range of rural water tanks and rainwater tanks would be eligible for any drought assistance loans offered by the NSW RAA.
For a quote on a new Pioneer Water Tank, click here or call 1800 999 599.
To apply online with the New South Wales Rural Assistance Authority click here.
Find our list of Water Tank Rebate Schemes here, or if you are a Victorian who was affected by the bushfires, follow this link.
At Pioneer, we’ve been designing and manufacturing rural water tanks for over 30 years, and we’re so confident in their durability that all of our tanks come with our exclusive Pioneer 20/20 warranty.
That means a 20-year conditional structural warranty, in addition to a 20-year conditional warranty gainst water leakage (only applicable for tank models GT10—GT280.)
With Pioneer’s Dealer Direct® Network of over 50 distributors all across the country, you can rest assured that you will be dealing with the knowledge and experience of a local family business.
