Submission to the PM’s Drought taskforce

GrainGrowers supports the need for a commonwealth strategy for drought preparedness and resilience (as outlined in the Taskforce consultation paper February 2019), and recommends  an additional priority area called “Enhance regional Australia” which fast-tracks infrastructure investment, especially in times of drought. The strategy should also include:

  • changes to farm management deposits to allow inter-generational transfers and use of FMDs by companies and trusts, and
  • a temporary tax incentive for multi-peril crop insurance for a period of five years.