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Australian Government response to the House of Representatives Standing Committee on Agriculture and Water Resources report: Super charging Australian Agriculture Inquiry into superannuation fund investment in agriculture

Introduction

The Australian Government welcomes the report on superannuation fund investment in Australian agriculture by the House of Representatives Standing Committee on Agriculture and Water Resources (the Committee), tabled in December 2018. Investment in agriculture is critical for driving economic growth, creating jobs, improving access to overseas markets and enhancing productivity. Investment into the agriculture industry will also be crucial for the sector to reach its goal of $100 billion farmgate output by 2030.

Regional Agricultural Show Development Grants Program

The Australian Government provided $20 million for the Regional Agricultural Show Development Program.

This grant program provided support to show societies and their state and territory peak bodies for the maintenance and upgrade of existing infrastructure and the building, purchasing and construction of new infrastructure related to the running of an agricultural show on a showground.

Following an independent selection process, 122 successful grants were awarded in May 2020.

The grant program has closed.