The 2017-18 Federal Budget has delivered on all commitments to Australia’s agricultural industries made by the Turnbull Government at the 2016 election. Source: Timberbiz
Assistant Minister for Agriculture and Water Resources, Anne Ruston, said the Budget handed down this week included important provisions for natural resources management, wine industry exports and innovation in the forestry sector.
“I welcome the new $1.1 billion investment in our National Landcare Program – which is actually an investment in all those volunteers who are out there improving our land and water resources for the benefit of our current and future generations,” Minister Ruston said.
“This year’s Budget also includes the $50 million Export and Regional Wine Support Package to promote Australian wine tourism at home and abroad.
“We’re providing a third of the total funding for the National Institute for Forest Products Innovation – a joint investment between the Australian Government, the South Australian and Tasmanian governments and industry to encourage innovation in forest management, timber processing, wood fibre recovery and advance manufacturing.
“Wood is a renewable resource and an important component of Australia’s emerging bio-based economy where we can look to get the most out of all of the parts of the tree and limit waste.”