NSW government Special Assistance Program for Primary Producers
31 January 2022
Parts of NSW have recently experienced some wild weather. Unfortunately, in some areas these storms and floods have left a trail of destruction in their wake. In recognition of this, the Government has made financial assistance available through the NSW Rural Assistance Authority (RAA).
For those who have been impacted since 9 November 2021 onwards, there are several support options available.
Primary production special disaster grant
Designed to bring primary production business back to “normal” operations as soon possible, the primary production special disaster grant provides funding up to a maximum of $50,000. The first $10,000 can be provided up front once the grant has been approved. The balance can be claimed on a reimbursement basis.
The grant is to cover costs related to property clean up and restoration of the property. It can be used for a broad range of costs including repairing property, replacing and maintaining livestock and replacing damaged infrastructure and equipment.
Disaster relief loans
These loans have concessional interest rates and terms. They are available to primary producers, small business, not-for-profit organisations and sporting and recreation clubs in the impacted areas.
For primary producers and small businesses, the loan is for assisting with replacing or repairing storm damaged items and assisting with the operation continuing in the short term. For not-for-profit and sport and recreation entities, the loans can be used for replacing and repairing essential facilities.
Where a farmer has incurred costs due to the natural disaster event, the subsidy can assist with the cost of transporting:
Fodder and/or water
Stock to sale
Stock to/ from agistment
With all grant and loan applications you need to ensure that you have maintained good records. There are strict timeframes on when applications must be lodged with the RAA. The sooner you start the process the easier it will be.