Australia’s farmers and producers are on track to deliver a record result, with new figures released today showing an agriculture, fisheries and forestry industry forecast to pass $100 billion this financial year.
The Albanese Labor Government continues to back in Australia’s world-class wine and cider industry, with $30 million worth of new funding for local producers.
The Albanese Labor Government is supporting the growth, resilience and sustainability of Australia’s agricultural sector, with an additional $1 billion in new loan funding through the Regional Investment Corporation (RIC).
$20 million jointly funded commitment by the Australian and Queensland Governments has been approved to help with biosecurity and pest control in aftermath of record-breaking western Queensland flood.
The Albanese and Minns Labor Governments will jointly invest $43.2 million to support farmers to strengthen their drought resilience and climate adaptation, as drought continues to impact regional communities across NSW.
The Albanese Labor Government continues to deliver targeted investments to strengthen Australia’s biosecurity, with $12 million to bolster response capability for a potential outbreak of H5 bird flu.
As part of its commitment to support farmers and producers reduce emissions and boost productivity, the Albanese Labor Government is partnering with industry to put Australia at the forefront of on-farm emissions accounting approaches worldwide.
This National Forestry Day, the Albanese Labor Government is reaffirming its support for Australia’s forestry and forest products sector, and celebrating the significant contribution it makes across the country.
