Home > Continued investment in agriculture and water resource to drive jobs and growth

Continued investment in agriculture and water resource to drive jobs and growth

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The 2016-17 Budget will support the construction of essential water infrastructure into the future, ensuring a boost to Australia's agricultural sector to drive economic growth.

The Federal Government has committed $88 million to build on initiatives contained in the $4 billion Agricultural Competitiveness White Paper to strengthen farm businesses and better defend the country against biosecurity risks.

Deputy Prime Minister and Minister for Agriculture and Water Resources Barnaby Joyce, said the Government will establish the National Water Infrastructure Loan Facility from 1 July 2016 providing direct loans to the states and territories to construct dams, pipelines and job creating water infrastructure projects.

“The loan facility will stimulate and accelerate investment in major water infrastructure, such as dams, pipelines and managed aquifer recharge projects, supporting the agriculture and resources industries and rural and regional communities,” Minister Joyce said.

“The government is further investing in strengthening Australia’s biosecurity protection, with a new $15.9 million over four years to build an advanced analytics capability within the Department of Agriculture and Water Resources.

“The Biosecurity Advanced Analytics initiative will improve the department’s ability to turn information into intelligence to better manage biosecurity risks that threaten our agricultural sector, the rural communities that depend on them, the environment and the broader economy.

“This will increase our ability to know why, when, where and what pests and diseases should be the focus of biosecurity activities—which will increase preparedness for potential pest and disease incursions.”

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