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$12.7 million to support growth and innovation in Australia’s forestry industry
The Hon. David Littleproud MP, Minister for Agriculture, Drought and Emergency Management, Deputy Leader of the Nationals
The Hon. Jonno Duniam, Assistant Minister for Forestry and Fisheries
The funding includes $10 million for Regional Forestry Hubs, $1 million for a feasibility study into an Australia-wide National Institute for Forest Products Innovation and delivery of Plantation Development Concessional Loans.
The Australian Government is providing $12.7 million in this Budget to support continued growth and innovation in Australia’s forestry industry.
Minister for Agriculture, Drought and Emergency Management David Littleproud and Assistant Minister for Forestry and Fisheries Jonno Duniam said the investment would support existing and new Regional Forestry Hubs and improve the forestry industry’s research and development capacity.
The Hon David Littleproud MP
Minister for Agriculture, Drought and Emergency Management
• Significant investment confirms the Australian Government is backing the agricultural industry to reach its ambitious goal of $100 billion by 2030
• $400.1 million will be invested in biosecurity to build a more secure and resilient Australia and maintain our clean and green reputation
• The government is also delivering on recommendations from the Bushfire Royal Commission
The Morrison-McCormack Government is backing Australian farmers to help secure Australia’s recovery, committing around $850.0 million in funding to drive competitiveness, growth and resilience in agriculture and back-in the industry’s goal of $100 billion by 2030.
Minister for Agriculture, Drought and Emergency Management David Littleproud said the initiatives announced in the 2021-22 Budget align with the themes identified through the Government’s Delivering Ag2030 plan, including: