$125 million investment to drive farms of the future

$125 million investment to drive farms of the future

Media release Wendy Tuckerman's office 31/03/22

Primary producers in the Goulburn electorate could benefit from the NSW Government’s $125 million investment in the Primary Industries Productivity and Abatement Program. 

Member for Goulburn Wendy Tuckerman said the program will create new opportunities for farmers and enable them to be directly involved in the lower-carbon economy. 

“This is about driving sustainable land management, boosting productivity and helping reduce emissions," Mrs Tuckerman said.

“Primary producers are pumping more than $13 billion into the NSW economy each year and this is about assisting farmers to be sustainable and driving farms of the future."

The Primary Industries Productivity and Abatement Program has three focus areas: 

$52 million to develop market and industry foundations, including trusted and transparent data, metrics and frameworks to assess carbon and biodiversity outcomes;  $72 million to build critical mass and capacity, including incentives for land managers to reduce emissions at scale; and  $1 million for accelerating finance for natural capital and low carbon farming by working with the finance sector to increase investments in natural capital and low carbon farming.  

The Program will invest in improving carbon management on farmland, public land and Aboriginal-managed lands across the State. 

Treasurer and Minister for Energy Matt Kean said primary producers and land managers are playing an important role in helping NSW achieve its goal of reducing emissions by 50 per cent by 2030 and achieving net zero by 2050. 

Minister for Agriculture and Western NSW Dugald Saunders said the program is all about building economic resilience and creating jobs in regional communities by encouraging sustainable farming practices through grants programs and partnerships with financial institutions. 

Minister for the Environment James Griffin said the funding will allow primary producers and land managers to develop new revenue streams through carbon markets while also  achieving biodiversity and natural capital benefits for NSW.  

More info on the program: www.energysaver.nsw.gov.au/netzeroland.

5 2022

Back to News