Government grant for planning your future

Farm Management Grants provides funding for Queensland primary producers or their relatives to offset the costs of getting professional advice for succession planning.

Up to $2,500 rebate is available for each financial year of the scheme. The grant can rebate up to 50% of the amount paid for professional advice.

According to a media release from the Minister for Agricultural Industry Development and Fisheries office, “Primary producers from across the state and all key rural industries including beef (242 approvals for $409,000), cropping (88 approvals for $148,000) and sugar cane (69 approvals for $122,000) have taken advantage of the rebate.”

Mr Furner said applications to date show accountants (44 percent), followed by lawyers (21 percent) and business advisors (19 percent) have been the main sources of professional succession planning advice claimed by producers. For details go to the assistance website.