R&D cash splash: $150m for ag and food

R&D cash splash: $150m for ag and food

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A High Performance Soil CRC is one of four new R&D bodies announced by federal government today.

A High Performance Soil CRC is one of four new R&D bodies announced by federal government today.

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Soil, food, honey Cooperative Research Centres announced

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FEDERAL government has announced more than $150 million in  funding for four new Cooperative Research Centres (CRC).

A High Performance Soils CRC will receive $40m over 10 years, aimed at farmers to bridge the gap between soil science and critical on farm decision making. It will be backed with $137m in cash and in-kind participant contributions.

The Food Agility CRC is set to help the sector tackle digital transformation across the value chain for fresh and processed food. It will be supported with $162m in cash and in-kind participant contributions.

A Honey Bee CRC will receive $7m over five years, to link unique floral hive sites to product quality control processes and to help boost the industry’s marketability. It will be supported with $19m in cash and in-kind participant contributions

The iMove CRC is funded with $55m over 10 years targeting new vehicle technologies to boost traffic, intermodal connections and freight operators. The funding will be matched with $179m in cash and in-kind participant contributions.

Visit www.business.gov.au/crc

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