The Federal Government\u2019s newly announced $10 billion fuel security package is being welcomed by farm groups, with a strong focus on improving fertiliser supply for Australian producers.<\/p>\n
The Albanese Labor Government said the Australian Fuel Security and Resilience package would secure fuel and fertiliser in the Federal Budget, including a $7.5 billion fuel and fertiliser security facility to boost supply and storage.<\/p>\n
The initiative will provide financial support such as loans, equity, guarantees, insurance and price support aimed at strengthening fertiliser availability alongside fuel reserves.<\/p>\n
The National Farmers\u2019 Federation said the measures were critical to protecting Australia\u2019s food production system, particularly in the face of global supply disruptions.<\/p>\n
NFF president Hamish McIntyre said fertiliser security was essential for farmers across the country.<\/p>\n
\u201cThese are practical decisions that will increase our liquid fuel and fertiliser security,\u201d Mr McIntyre said.<\/p>\n
\u201cReliable and affordable fuel and fertiliser underpins every stage of food production, and recent events have shown just how exposed Australia is to global shocks.\u201d<\/p>\n
The package also includes a government-owned fuel reserve and increased minimum stock holding obligations, but industry leaders say fertiliser support will be just as important for regional communities.<\/p>\n
Mr McIntyre said recent disruptions had exposed Australia\u2019s reliance on global supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"The Federal Government\u2019s newly announced $10 billion fuel security package is being welcomed by farm groups, with a…\n","protected":false},"author":2,"featured_media":670446,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-670445","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/670445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=670445"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/670445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/670446"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=670445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=670445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=670445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}