By Jessica Johnston, Queensland Country Life
ABOLISHING stamp duty on agricultural insurance in Queensland would help mitigate against natural disasters such as the Boxing Day storms which caused widespread damage to crops on the Burnett and Darling Downs, advocacy groups say.
Queensland Farmers Federation President Stuart Armitage said newly appointed Agriculture Minister Mark Furner should make it his first priority to abolish the tax, which pushed the cost of insuring crops out of reach for some growers.
“In light of the disaster that has happened in the Christmas, New Year period with people losing sheds, silos, and crops, I think this should be one of the first things the incoming Agriculture Minister should do, is get rid of stamp duty on those sorts of insurance,” Mr Armitage said.
“Stamp duty on that is nothing but a tax and there is no way people should have to pay a duty or tax on any effort to help them get through disaster.”
Mr Armitage in the cotton industry, some growers in the Darling Downs were spending $10,000 to $50,000 annually in stamp duty alone.
“It’s a pretty big number for some of the bigger operators in this part of the world.”
Mr Armitage said only 50 per cent of growers at Cecil Plains had crop insurance in the 2015 storm and he expected that would be much the same for those impacted by the Boxing Day storm.
“People who have got full insurance in this latest round of storms have the confidence to keep on going,” Mr Armitage said.
“For a 10 per cent price reduction to the cost of insurance it would make it more palatable to land holders to mitigate … Continue reading QFF calls for agricultural insurance stamp duty to be abolished in wake of Boxing Day storms
Department of Agriculture and Fisheries
farmerdisastersupport.org.au is a website aimed at directing farmers to the assistance available. Both financial and mental health stresses can affect people during or after events such as drought, floods and cyclones. This website details the organisations, government departments and industry bodies that can help during these times.
If your region is not declared, sign up to our newsletter and we will keep you updated. If your region is not declared this does not rule you out of financial assistance– contact your industry body, QFF, QRIDA or DAF to discuss further options.
Input your postcode and select your industry in the search section on the homepage for results specific to your area and industry.
If you are in a declared zone you can apply straight away. If your zone isn’t declared please contact your industry body, QFF, QRIDA or DAF to discuss further options.
The Queensland Farmers’ Federation is the united voice of intensive agriculture in Queensland. It is a federation that represents the interests of peak state and national agriculture industry organisation which in turn collectively represent more than 13,000 farmers across Queensland.
QFF developed farmerdisastersupport.org.au with funding from the Queensland Government to assist farmers in navigating support networks available to them during times of disaster and drought. The aim of the website is to directly connect farmers with assistance available.
Dept of Agriculture and Fisheries
Queensland Farmers’ Federation (QFF) with funding from the Queensland Department of Agriculture and Fisheries (DAF) are delivering a series of workshops through central Queensland on Climate Risk and the seasonal outlook. QFF and DAF have partnered with the Bureau of Meteorology (BOM) to bring together experts to discuss the regional climate drivers, the BOMs seasonal outlook tools and improve farmers understanding of weather and seasonal forecasting.
Monday, 8 August 2016 from 11:00 AM to 3:30 PM (AEST)
Tuesday, 9 August 2016 at 9:00 AM – Wednesday, 10 August 2016 at 1:30 PM (AEST)
Wednesday, 10 August 2016 from 9:00 AM to 1:30 PM (AEST)
QFF horticulture industry member Growcom is hosting an on-farm workshop in Biloela.
Cyclones and severe weather events over recent years have taken a toll on many farms’ core assets – soil health and fertility, sheds and irrigation systems… not to mention the bank balance!
This on-farm workshop is an opportunity to meet speakers with experience in repairing damaged soils and expertise in rebuilding a stronger, smarter farm business – ensuring your finances and essential infrastructure are primed to cope with whatever nature throws at you next. All primary producers are welcome to take part.
1pm: Lunch, a chance to network with the speakers and other growers.
1:30pm – 5:30pm
Practical farm financial strategies – optimising cash flow and financial reserves Sally Ottaway and John Lacey, Rural Financial Counselling Service
‘Storm ready’ farms – shed and farm buildings, wind breaks, tree cropping strategies Ian and David Groves, Groves Grown Tropical Fruit
Irrigation systems – saving through pump and irrigation efficiency plus tips for severe weather Kathleen Heuvel, Land & Water Field Officer, Growcom
Re-building flood damaged soils and assessing soil health and nutrient profiles David Hall, Agricultural Consultant