The Federal Government has revealed how it will spend the first round of its $5 billion Future Drought Fund, designed to help farmers better prepare for dry times.
Key points:
- In its first round of spending, the Government will spend $20 million helping farmers become more financially savvy
- An online climate data service will help farmers make better business decisions
- $20.3 million will be spent on boosting research and development, and $15 million on natural resource management
This round of money will assist farmers to become more financially savvy, while also funding better climate data information, research and development, and natural resource management.
Federal Agriculture and Drought Minister David Littleproud said the Government would allocate $20 million to help farmers develop and improve their business plans.
