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Valley farmers won't see much from new budget

WHILE farmers are spruiked as one of the winners of the new budget, the concessions apply more to northern country than to the East Coast.

DRY: Ian Causley says Valley farmers won’t reap the benefits like other parts of the nation. PHOTO: ZACH HOGG
DRY: Ian Causley says Valley farmers won’t reap the benefits like other parts of the nation. PHOTO: ZACH HOGG

WHILE farmers are spruiked as one of the winners of the new budget, the concessions apply more to northern country than to the East Coast.

Clarence Cane Growers Association Chairman Ian Causley said most of the benefits applied to drought stricken country.

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Mr Causley also said the tax break for fences and new water storage also did not affect the Clarence Valley's industry too much.

However, he said there were still plenty of benefits allowed to small businesses that local farmers would benefit from.

The government will provide an immediate tax deduction of all assets less than $20,000.

The budget set aside $250 million for the Drought Concessional Loan Scheme for another year.

Other budget perks for farmers include $25 million to help farmers in drought-affected areas soften the impact of pest animals.

Infrastructure in drought-affected areas will get a $35 million boost through the establishment of a new grants system.

And for those feeling the emotional impacts of working on the land without rain, $20 million will go towards extending social and community support services for an extra 20 local government areas. There will also be an extra $1.8 million for more counsellors.

Originally published as Valley farmers won't see much from new budget

Read related topics:Federal Budget 2023

Original URL: https://www.dailytelegraph.com.au/news/nsw/grafton/valley-farmers-wont-see-much-from-new-budget/news-story/4998af33922899b67fbe63685c2e4661