Queensland producers now have access to grants of up to $2500 to help tackle family business and succession planning thanks to the Queensland Government.

Minister for Agriculture and Fisheries and Minister for Rural Economic Development Bill Byrne said the Farm Management Grants would help producers to access professional advice on these important matters.

With the Farm Management Grants, producers seeking professional advice in relation to succession planning, or a family member wanting to acquire an interest in the family business, can apply for a rebate of up to 50% of fees paid for the advice, with a maximum of $2500 per applicant, per financial year.

Advice must come from a suitably qualified professional adviser such as an accountant, financial planner or solicitor.

Eligible applicants who received eligible professional advice can apply for a rebate on fees paid for the service through www.qraa.qld.gov.au

For further information on the Farm Management Grants including criteria visit http://www.qraa.qld.gov.au/current-programs/farm-management-grants or freecall 1800 623 946.

Source: Queensland Government media release