SA Government announces $10m in drought concessional loans

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Image credit: flickr User: vicki

The Government of South Australia has announced that it will provide funding for drought-stricken farmers, as well as financial assistance for farmers who are dealing with feral animals and pests.

Image credit: flickr User: vicki
Image credit: flickr User: vicki

According to the joint media release by Minister for Agriculture the Honourable Barnaby Joyce MP and SA Minister for Agriculture, Food and Fisheries Leon Bignell, the Australian Government will match the SA Government’s allocation of $275,000 for drought-stricken farmers in SA’s Far North to deal with feral pest animals and improve water infrastructure.

“Prolonged dry seasonal conditions in the far north of South Australia are generating hardship for pastoral businesses, small remote communities and land and water resources of the region,” Minister Joyce said.

“This money will help farmers invest in new watering points; replace and upgrade polypipe and solar pump systems and clean watering points; and install infrastructure which will help meet emergency animal welfare needs. We know that an immediate water supply will enhance the preparedness and resilience of these farms into the future. The new funding will also help manage the impacts that wild dogs have on stock concentrated around fewer watering points.”

The Commonwealth will also provide $10 million in drought concessional loans for South Australian farmers facing prolonged drought conditions.

“Farm Finance concessional loans are also available in South Australia, with a further $25 million in funding for 2014-15, and applications have been open since 1 July,” Minister Joyce said.

“The funding from the Australian Government is very welcome. South Australia’s Primary Industries and Regions SA (PIRSA) will work closely with Livestock SA, which will deliver the funding to those pastoral businesses in the Far North which have experienced hardship as a result of the drought,” said Minister Bignell.

For more information on assistance available to farmers, please visit daff.gov.au/assistance