Farmers are encouraged to have their say on an evaluation of the Farm Management Deposits Scheme (FMDS) to ensure it meets the needs of users and operates efficiently.
Minister for Agriculture, Drought and Emergency Management David Littleproud said the Department of Agriculture, Water and the Environment was undertaking the evaluation as part of the Australian Government's Drought Response, Resilience and Preparedness Plan.
"The FMDS helps farmers to deal with the fluctuating income streams that come with climatic variations and changing market conditions," Minister Littleproud said.
"Its aim is to help farmers build financial self-reliance, manage risks and prepare for tough times.
"Farmers can have their say on how well the FMDS works and how it should work into the future.
"The evaluation provides an opportunity to determine what areas need improving.
"It is one of a number of tax measures designed to assist our farmers improve cash flow and provide an incentive for improved risk management.
"We need to get the settings right to ensure it remains a fit for purpose tool for farmers."
The evaluation report will be provided to government for consideration mid-year.
