Prolonged dry conditions across Queensland are prompting primary producers to begin drought preparedness activities to sustain their business through the next drought.
The Queensland Rural and Industry Development Authority (QRIDA) has a suite of drought grants and loans available to help producers complete important on-farm development to help maintain productivity as El Nino conditions strain cashflows.
Disaster and Drought manager Sheree Finney says Drought Preparedness grants of up to $50,000 have already helped producers manage their business through tougher conditions.
“The Drought Preparedness grant aims to assist producers with the cost of implementing new permanent capital improvements and carrying out drought preparedness activities identified in their Farm Business Resilience Plan,“ she said.
“This could be anything from water infrastructure to storage, mixing and feeding-out equipment to any asset that improves the ability of the business to manage drought.“
A Drought Ready and Recovery Finance Loan of up to $250,000 can be used in conjunction with the Drought Preparedness Grant to fund large-scale activities.
Support for producers currently experiencing drought is also available through QRIDA.
“As El Nino continues to worsen, we will unfortunately eventually see parts of Queensland become drought-affected again,” Ms Finney said.
“Our Emergency Drought Assistance Loans and Drought Carry-on Finance Loans are available to assist primary producers who have been significantly financially affected by drought.
“Up to $50,000 is available through the Emergency Drought Assistance Loan and up to $250,000 is accessible through the Drought Carry-on Finance Loan.“
* For more information on QRIDA’s drought support visit www.qrida.qld.gov.au or speak with your local regional area manager on 1800 623 946.
