WA FARMERS will be able to boost productivity and profits thanks to a further $35 million for
cutting-edge research across the agricultural, fishery and forestry industries.
Federal Member for O’Connor Rick Wilson welcomed the opportunity for corporations to apply for round four of the government’s Rural Research and Development (R&D) for Profit program.
“The government is backing farmers through this program which is delivering real outcomes at farm-level through innovative research and development,” Mr Wilson said.
“Previous rounds have included the funding of a project designed to stimulate private sector extension in agriculture to increase returns from research and development.
“Another project is exploring how new legume varieties can best boost farm profits for mixed farms (cropping and livestock) in low and medium rainfall areas.
“New legume varieties and innovative management techniques are expected to boost average farm profits by 10 per cent and halve economic risk.
“ABARES has previously found that for every dollar the government invests in rural reseach and development , farmers generate a $12 return within 10 years.
“Collaboration is a key focus of the $180 million Rural Research and Development for Profit program. Corporations must team up with one or more other research and development corporation, research or industry partner and at least match the government’s funding.”
Minister for Agriculture David Littleproud said this round would, for the first time, also consider applications to fund the second phase of previously funded projects.
“I want to build on the success of the program and this could include further funding for research towards commercialising a product or service and get it in the hands of farmers,” Mr Littleproud said.
“We have targeted this work to advanced technology, biosecurity, managing natural resources and adoption of research and devoppment.”
Applications for round four of the Rural Research and Development (R&D) for Profit program close on November 5. For more information on key dates and how to apply visit www.grants.gov.au.