Drought Support for Australian Farmers

Drought support for Australian farmers: What is the government doing to help? 

Australian farmers, the backbone of our economy, navigate the complexities and uncertainties of farming daily. However, the increasing challenges posed by climate risks, particularly the threat of future droughts, are making this task even more demanding. With some regions already grappling with drought and others bracing for prolonged dry spells and a scorching summer, it is more critical than ever for farmers to stay informed and prepared. To assist during these challenging times, both state and federal governments offer a range of support measures designed to help farmers mitigate the impacts of drought and ensure the resilience of their operations. 

Victoria: Dought support for infrastructure upgrades

Farmers in the southwest of Victoria can access up to $5,000 in co-contribution grants to support vital infrastructure upgrades. This assistance is aimed at enhancing on-farm water management systems, such as upgrading pipes, tanks, troughs, and dams. In addition, the grants cover the establishment of stock containment areas and grain and fodder storage solutions to help farmers better manage their resources during dry seasons. Through this rebate, farmers are eligible to claim up to $5,000 off any of our agricultural sheds designed for grain and fodder storage, including hay sheds and bulk storage facilities. For more information, you can consult with one of our agricultural building specialists today. 

For more information, visit the Victorian Agriculture Department.  

New South Wales: Drought assistance loans

The New South Wales government offers interest-free loans of up to $1 million through its Drought Infrastructure Loan program, replacing the former NSW Drought Transport Fund. These loans support projects that enhance farm resilience to drought, with repayment terms up to 20 years at a fixed 2.5% interest rate. Eligible producers can borrow up to $1 million to build on-farm infrastructure, such as stock containment areas fodder or hay sheds, and grain storage sheds.  

Learn more about this program on the Rural Assistance Authority website.

Queensland: Drought ready and recovery finance loans

Queensland's Drought Ready and Recovery Finance Loan program provides up to $250,000 to farmers looking to undertake on-farm capital improvements such as grain and fodder storage, restocking, or replanting. These activities are essential for improving the drought resilience of farming enterprises. For the first two years, farmers only need to make interest payments, giving them breathing room as they implement long-term solutions to mitigate the effects of drought. Through this financial assistance, Queensland farmers have the opportunity to invest in their new bulk storage and hay sheds from Central Steel Build. Our sheds are designed to meet the highest standards, offering superior durability, functionality, and long-term value.  

For further details, visit Queensland Rural and Industry Development Authority.  

Federal Government: National drought loans

In addition to state-level assistance, the Australian federal government provides substantial support through RIC drought loans, available to farmers nationwide. These loans, offering up to $2 million per applicant with interest-only payments for the first five years, are designed to help farmers prepare for and recover from severe droughts, ensuring long-term resilience and sustainability. This funding can be used for essential infrastructure such as fodder and grain storage sheds. At Central Steel Build, we offer the highest quality hay sheds and bulk storage solutions, designed for maximum durability and efficiency, providing farmers with the storage capacity they need to protect valuable resources in challenging conditions. 

Find more information about federal drought loans on the Regional Investment Corporation's website. 

By leveraging available support and making the right preparations, farmers can better navigate the challenges of drought and strengthen their farm’s resilience. Our fully hot-dipped galvanised hay and grain sheds, made from Australian steel, offer unmatched durability and long-term protection. When you choose Central Steel Build, you’re investing in high-quality storage solutions designed to endure even the toughest Australian conditions and safeguard your farm's future. 

For a free consultation on your custom farm shed project, contact our agricultural shed specialists and take advantage of our obligation-free quotation.