Page 14 - Byfields Budget 2024

If you're a farmer...

This Budget has committed an additional $519.1 million into a 'Future
Drought Fund' designed to safeguard farmers and regional communities for
future crises.

This includes $120 million for trial programs targeted toward long-term
drought resilience and finding solutions to the climate risk and $235 million
to extend the Drought Resilience Adoption and Innovation Hubs.

Prime Minister Anthony Albanese said ahead of the Budget: “It's vital that

we support Australian farmers and producers to be prepared for more
severe weather impacts.”

And Agriculture Minister Murray Watt added: “Every morning when farmers

around the country wake up, put their boots on and go to work, they are
one day closer to the next drought.”

“Time is of the essence when it comes to planning for drought, that's why

we're investing heavily now in a new and improved Future Drought Fund.”