Prime Minister of Tasmania – Providing resilience finance to farmers and agricultural producers

September 28, 2021

Guy Barnett, Minister of Primary Industries and Water

The Tasmanian Liberal Government is committing $ 400,000 over the next three years to support our farmers and regional communities with rural financial advisory services.

The government has committed to a new deal with Rural Business Tasmania, the long-time provider of the Rural Financial Advisory Service (RFCS) in Tasmania.

The Rural Financial Counseling Service provides a free, confidential and independent service to primary producers, fishermen and small rural and regional businesses facing financial difficulties.

The RFCS plays a key role in helping primary producers overcome shocks, navigate the path to recovery, and lay the foundation for future prosperity. Rural Business Tasmania plays a central role in providing services to the state’s primary industries and rural communities.

Over the past six years, Tasmania’s primary industries have faced a number of major challenges, ranging from devastating droughts, fires and floods to biosecurity forays, fluctuations in the global market and now to a unique pandemic in a century.

Primary industries in Tasmania have been remarkably resilient in the face of these challenges. Our farmers have rebounded and are now well positioned to take advantage of growth opportunities. Favorable seasonal conditions, coupled with high commodity prices, historically low interest rates, a weaker Australian dollar and soaring farmland prices, now provide some of the best conditions for Australian agriculture. For years.

Tasmanian agriculture continues to dominate the country and we are on track to meet our goal of increasing the farm-gate value of Tasmanian agriculture to $ 10 billion on a sustainable basis by 2050.

The new RFCS funding is part of the Tasmanian government’s three-year, $ 2.6 million Rural Business Resilience Program, which also includes co-funding for the implementation of the Future Drought Fund programs in Tasmania.

I had the pleasure of joining the Rural Stakeholder Forum today, which is a stakeholder network facilitated by Rural Business Tasmania and includes representatives of community and government organizations involved in the provision of services to the rural community. .

Further information on advisory services and support to farmers and rural communities in Tasmania, including the Rural Financial Advisory Service, is available on the DPIPWE website:

https://dpipwe.tas.gov.au/agriculture/government-and-community-programs/resources-for-farmers-rural-communities

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