$43.2M Investment Bolsters Drought Resilience in NSW
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.
Delivered through Phase 2 of the Farm Business Resilience Program (FBRP), the funding will support farmers to access subsidised learning and development opportunities that will help them to manage risk, build long-term operational resilience, and continue to remain productive.
From personalised coaching, workshops, digital learning, and peer-to-peer case studies, the FBRP equips farmers with practical support to ensure they are better prepared before, during and after these challenging periods.
Since its launch, the FBRP has supported the development of more than 2,500 new farm business plans, engaged nearly 28,000 participants across more than 2,000 events and helped more than 1,600 NSW businesses improve their operations through targeted workshops and events.
Improved drought preparedness is expected to reduce economic losses in the agriculture sector and deliver broader benefits to rural communities, including increased employment and supply chain stability.
The FBRP program is jointly funded by the Australian Government’s Future Drought Fund and the NSW Government.
https://minister.agriculture.gov.au/collins/media-releases/fbrp-investment-drought-resilience-regional-nsw