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Items for agriculture from the Federal Budget

The future of Australian agriculture, associated jobs and the economy is being supported through the Australian Government's investment in productivity and growth in this year's Budget.

Minister for Agriculture and Water Resources David Littleproud said agricultural productivity growth was essential for the sector to reach its potential and to hit the ambitious target of becoming a $100 billion industry by 2030.

"This government wants to ensure farmers have access to the labour force they need to get their produce off the tree or vine and to market.  That's why we are expanding a study into seasonal agricultural labour demand and supply conducted by ABARES to include more comprehensive data.  The study will collect data on labour costs, number and type of people employed, the skills required in different industries and challenges in recruiting and retaining staff."

Minister Littleproud said investments as part of the 2018-19 Budget build on investment of the Agricultural Competitiveness White Paper.

"We continue to give farmers a fair go through measures such as doubling farm management deposits to $800,000 and 100 per cent write offs on water storage and fences and write offs over three years for fodder storage to build drought resilience," Minister Littleproud said.

"Farmers and small businesses will continue to have access to the $20,000 instant asset write-offs for a further 12 months to enable them to replace or upgrade things like the old work ute." 

(From Australian Government media release - 11 May 2018)