Loans of up to $100 000 available for water storage

Thanks to the NSW Government's Rural Assistance Authority (RAA) Drought Assistance Fund, primary producers in NSW who have been effected by drought conditions may be eligible for an interest free loan.

Thousands of Australians continue to be effected by drought conditions

New South Wales $20 Million Drought Assistance Fund

Launched in July of 2018, the New South Wales Government's Drought Assistance Fund has helped primary producers in drought stricken areas all across New South Wales with installing infrastructure or boosting the sustainability of their farms.

In 2020, the Government announced that the cap for loans was being lifted from $50 000 to $100 000 for drought relief efforts.

Can this fund be used for rainwater tanks?

The Government has detailed that the purpose of the loans is to assist primary producers to improve the sustainability of their businesses by improving drought resistance infrastructure, including:

  • Transport of livestock, transport of fodder and/or water
  • Water and fodder infrastructure (Water storage and rainwater tanks)
  • Banking of genetic material of livestock
  • Activities which promote profitability and resilience as a result of the on-farm investment.

[Source: Rural Assistance Authority 2020]

Until December 2020 a $25,000 subsidy is available to the cost of transporting: fodder, water to a property for stock or domestic use, stock to and from agistment, stock to sale or slaughter.

To learn more about this subsidy click here.

Eligibility criteria

To be eligible for the loan you must:

  • Be the owner of the property in New South Wales where the business is operated and the work is to be carried out
  • Be a business that operates as a sole trader, private company, trust or partnership that trades in agricultural products
  • Be registered with the Australian Taxation Office (ATO) as a primary producer and hold a current ABN (Australian Business Number)
  • Earn more than 50% of your gross income from this primary production enterprise under normal circumstances; or, be classified as a new entrant, having operated the business for between 12 months to three years and have forecast that more than 50% of your gross income will be derived from the farm business within three years.
  • Be able to prove that your business is being negatively impacted by drought conditions as assessed by the NSW RAA
  • Be able to prove your business can support the loan repayments
  • Not have gross off-farm assets exceeding $5million (not including funds in a registered superannuation fund)

[Source: Rural Assistance Authority 2020]

Pioneer Water Tanks

Our range of rural water tanks and rainwater tanks would be eligible for any drought assistance loans offered by the NSW RAA.

For a quote on a new Pioneer Water Tank, click here or call 1800 344 130.

To apply online with the New South Wales Rural Assistance Authority click here.

Don't meet the criteria?

Find our list of Water Tank Rebate Schemes here, or if you are a Victorian who was affected by the bushfires, follow this link.