One-off rebate for farmers

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.

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 $2500 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

How do you apply?

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