Australian farm subsidy program for connectivity equipment fully subscribed within a week, showing high demand.

The Australian federal government's On-Farm Connectivity Program, offering a 50% rebate on approved equipment, saw its second round of funding fully subscribed within a week. The program, which received over 300 supplier sign-ups compared to 79 in the first round, now offers a higher revenue cap and lower minimum rebate amount with an increased budget of $18 million. The initiative aims to support farmers with cost-of-living expenses and promote agtech adoption.

November 17, 2024
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