Future Drought Fund
Drought is likely to occur more often and for longer due to climate change. Farm businesses and their regional communities need to better prepare and plan for dry seasonal conditions.
In 2020 the Australian Government established the Future Drought Fund with $100 million a year to be provided to support farmers across the nation prepare for drought.
In this first year the Victorian Government is partnering with the Australian Government to deliver two pilot programs, the Farm Business Resilience Program and the Regional Drought Resilience Planning Program. Details of these programs are described below.
Farm Business Resilience Program
The Farm Business Resilience program provides farmers with the opportunity to develop a plan for their farm business. Participants will improve their skills and knowledge to better prepare for and manage risk, adapt change and strengthen their farm business’ resilience.
Topics covered in the program include:
- identifying and managing new emerging risks
- business planning and financial management
- succession planning and people management
- AgTech and Internet of Things (IoT)
- managing soils and farm water for the future.
The pilot program is targeted for Victorian livestock, grain and mixed farmers as well as all young farmers. Farmers will be supported by Agriculture Victoria staff and a professional Farm Management Consultant to develop their strategic plan for their farm business.
Participants will also be able to access a Farm Business Resilience Resource Library during and after the program, with available resources including program worksheets, presentation materials, videos, podcasts, eLearns and useful websites.
Dairy Australia is delivering the dairy component of the Farm Business Resilience Program, through their Our Farm Our Plan program. More information on Our Farm Our Plan is available on the Dairy Australia website.
Regional Drought Resilience Planning Program
The Regional Drought Resilience Planning Program is designed to improve regional drought resilience through the development of Regional Drought Resilience Plan that will identify what actions are needed and how they could be implemented.
In the pilot program, Regional Drought Resilience Plans will be developed for three regions in Victoria. The regions, defined by the Regional Partnerships, are Wimmera Southern Mallee, Gippsland and Goulburn. The activities for the Pilot Program will be completed by 30 June 2022.
The Plans will be developed in partnership with local councils and regional stakeholders using a place-based approach. A Program Facilitator will be embedded in each of the targeted regions to ensure that the Plans are informed, driven and owned by the community.
Drought Research and Adoption Program
The Drought Research and Adoption Program will support networks of researchers, primary producers and community groups to enhance drought resilience practices, tools and technology. Eight Hubs across Australia have been funded for four years.
Agriculture Victoria is a member of the Victorian consortium, led by the University of Melbourne, that will host the Victorian Hub.
Further information about each program will be published on this webpage as it becomes available.
Further information about the Future Drought Fund and the programs is available on the Australian Government’s website.