There are a number of support programs and services to help build the ongoing financial resilience of farm businesses:
- decision support
- business support
- family and community support
- natural resources management.
Decision supportFarming continues to be an increasingly competitive, complex and risky business. Making well informed decisions in preparing for droughts and risks are a major factor in having a profitable farm.
There are a number of farm management decision tools to help you :
- consider whole of farm business risk management
- manage weather and climate risks
- manage your people
- best support your business, family and community and natural resources and environment.
Farm financial support and assistance
Financial assistance and support for farm businesses and farm families:
- financial counselling through the Rural Financial Counselling Service
- Farm Management Deposit (FMD) scheme
- Farm finance strategy
- Farm Household Allowance.
Rural Financial Counselling Service
The Rural Financial Counselling Service Program delivered through Rural Business Support provides free, confidential and impartial business support and information to primary producers including fishers and small rural business owners who are experiencing financial difficulties and have no alternative source of impartial support.
Contact the Rural Financial Counselling Service or free call on 1800 836 211.
Farm Management Deposits (FMD)
The FMD Scheme assists primary producers to deal more effectively with fluctuations in cash flows. It is designed to increase the self-reliance of Australian primary producers by helping them manage their financial risk and meet their business costs in low-income years by building up cash reserves.
The scheme allows eligible primary producers to set aside pre-tax income from primary production in years of high income, which they can draw on in years of low income.
Income deposited into an FMD account is tax deductible in the year the deposit is made. It becomes taxable income in the year in which it is withdrawn.
Farm Finance Strategy
The Farm Finance Strategy helps farmers work with financial institutions, assistance authorities, rural organisations, and their respective financial advisers and counsellors, to improve farm viability and resolve financial problems as they arise.
Farm Household Allowance
Farm Household Allowance provides fortnightly income support for farmers and their families experiencing financial hardship.
Visit the Department of Human Services website for more information on the Farm Household Allowance.
Family and community
Rural and remote mental health services
beyondblue offers help and support for people with anxiety and depression.
Phone 1300 22 4636. You can phone 24 hours, 7 days a week.
Visit the Beyond Blue website
Natural resources and the environment
Natural Resources Management
Regional Natural Regional Management (NRM) boards manage local environmental needs.
Regional NRM boards:
- develop a regional NRM plan
- contribute to state level planning
- develop, run and manage local programs
- provide technical advice and support
- promote community engagement and education.