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New concessional loan fund for farmers experiencing drought

New concessional loan fund for farmers experiencing drought

A new Drought Transport Fund was recently announced by the Minister for Primary Industries, Niall Blair. 

The fund offers eligible farmers a low-interest loan of up to $20,000 to cover 100% of costs (GST exclusive) to transport stock, fodder, or water to/from drought affected properties. The first two years of a 7 year loan are interest and repayment free.

The NSW Drought Transport Fund complements existing transport subsidies for the cost of transporting donated fodder within NSW and transporting stock off a property for animal welfare purposes.

More information and application details are available here: https://www.raa.nsw.gov.au/assistance/drought-transport-fund