Managing Farm Risk Program


The Managing Farm Risk Program provides farmers with one-off rebates to help them access professional advice when applying for a new insurance policy that assists with drought management and other potential risks.
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What do you get?

Up to $2500 

Who is this for?

Farm businesses.

Overview

Managing Farm Risk Program provides eligible farm businesses with a one-off rebate for costs incurred when obtaining independent and professional advice to apply for a new insurance policy that assists with the management of drought and other production and market risks.

Suitably qualified service providers may be engaged to:

  • undertake an assessment required by an insurance provider
  • compile historical farm financial performance and production data
  • analyse available insurance options.

The rebate may not be used to pay for insurance policy premiums.

Rebates of 50% of the costs incurred, up to a maximum of $2,500 are available.

What are the eligibility criteria?

To be eligible, your farm business must:

  • operate as a sole trader, trust, partnership or private company
  • under normal circumstances, have at least one member who derives at least 50% of their income from the farm business
  • be registered for tax purposes in Australia, with an ABN and be registered for GST
  • be involved within the agricultural, horticultural, pastoral, apicultural or aquacultural industries
  • be located wholly within Australia
  • for the previous financial year, had total cash receipts of less than $2 million.

Find out more about the eligibility criteria at Managing Farm Risk Program.

How do you apply?

Find out more about how to apply at Managing Farm Risk Program.