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FUTURE DROUGHT FUND BECOMES REALITY

FUTURE DROUGHT FUND BECOMES REALITY

Farmers in the Calare electorate stand to benefit from projects funded by the Coalition’s Future Drought Fund, which passed the Senate on Wednesday.
Federal Member for Calare and Assistant Minister to the Deputy Prime Minister Andrew Gee said the Future Drought Fund will deliver $100 million in investment into drought preparedness and resilience projects every year, starting July 2020. 
“Farmers and businesses in the Central West know how hard this drought has been. I myself have visited a number of farmers and seen how difficult this drought is. We promised to do this to support our farmers for future droughts, as well as this one, and we’ve delivered,” Mr Gee said.  
“The funds could be used for climate adaptation, extension work, or region-wide projects such as pest and weed control.
“The $5 billion Future Drought Fund means $100 million every year will be invested in drought resilience and preparedness. This is on top of the $1.9 billion we’ve already invested in Farm Household Allowance, Rural Financial Counselling, mental health funding, low interest loans and more.”
Mr Gee said a consultative committee would soon be formed to decide how the $100 million was invested, as per the legislation.
“Australian drought policy now has a centrepiece and a guaranteed investment of $100 million a year that no Minister can take away,” Mr Gee added.