AUS: Managing Farm Risk Program

Department of Agriculture and Water Resources
Closing Date: 31 May 2019

The Managing Farm Risk Program provides rebates for advice and assessments to help farmers prepare and apply for a new insurance policy that assists with the management of drought and other production and market risks.

These one-off rebates will be for half of the costs incurred by eligible farm businesses, up to a maximum of $2500 (GST exclusive).

The Managing Farm Risk Programe is part of the Australian Government’s Agricultural Competitiveness White Paper, the government’s plan to grow our agriculture sector for stronger farmers and a stronger economy.

Key Criteria:

One rebate per eligible farm business is available under the Managing Farm Risk Program. An eligible farm business is one that meets all of the following criteria:

  • operates as a sole trader, trust, partnership or private company
  • under normal circumstances, has at least one member who derives at least 50 per cent of his or her income from the farm business
  • is involved within the agricultural, horticultural, pastoral, apicultural or aquacultural industries
  • is wholly located in Australia
  • is registered for tax purposes in Australia with an Australian Business Number (ABN) and is registered for GST
  • is not a public company under the meaning of the Corporations Act 2001(Cth);
  • for the previous financial year, had total cash receipts (see glossary) of less than $2 million
  • has a written offer or refusal from an insurance provider for a new insurance product that assists with the management of production risks
  • has not previously applied for and been paid a rebate under the programme
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