SPECIAL REPORT FENCING AND STOCKYARDS
Infarmstructure BOOM Concessional loans, tax breaks, low interest rates, strong commodity prices, technology changes and population shifts are seeing an investment boom in farm infrastructure.
–
Words DARREN BAGULEY
W
ith the well-received launch of the NSW Government’s new $1 billion Farm Innovation Fund, NSW farmers can now borrow up to a maximum of $1 million per project, with a total of $1 million outstanding at any one time to build on-farm infrastructure, fencing and including stock containment areas. Administered by the Rural Assistance Authority, the purpose of the fund is to help farmers to improve productivity, manage adverse seasonal conditions and build long term sustainability. A GOOD SEASON AND GREAT PRICES LEAD TO CONFIDENCE
While there is no doubt that such schemes are of huge benefits to farmers, fencing and stockyard infrastructure manufacturers have been seeing strong sales with some saying that May and June 2021 were the best months they’d ever had. >
58
THE FARMER
SEP - OCT 2021
