Federated Farmers has welcomed the Government’s announcement that it will lift investment in the Sustainable Farming Fund from $7 million to $20 million.
Science spokesman Guy Wigley said working with the sector was a much more effective and useful approach than the tax and punish policies of some other parties.
Primary Industries Minister Nathan Guy announced a cross-sector panel will oversee what will be renamed The Future Farming Fund, driving advances in farming technology and practices while further reducing farming’s environmental footprint.
Since its launch 17 years ago, the Sustainable Farming Fund and leveraged sector support has helped more than 1000 projects to lift the performance and sustainability of primary producers.
“This kind of research is what keeps us at the forefront of farming technology and ensures we remain among the most efficient producers of food on the planet,” Mr Guy said.
Federated Farmers is a lead organisation in projects such as the smart irrigation study in Canterbury. This is about quantifying the relationship between irrigation over time, the accumulation of soil carbon and changes in soil water holding capacity, with spin-offs for knowledge on groundwater recharge and nutrient leaching.
“The project is typical of environmental gains we can make when we improve our knowledge of technology and natural systems,” Mr Guy said.
Federated Farmers said the payback from the Sustainable Farming Fund for food production, export earnings and the environment from turbo-charging a fund for farming technology and practice will be many times the investment.