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Future Drought Fund
From Wikipedia, the free encyclopedia
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The Future Drought Fund (FDF) is a fund established in Australia by the Morrison government.[1] It is managed by the Future Fund, with interest generated going to medical research. In 2023, the FDF had a capitalisation of A$5,000,000,000.[2]
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Purpose
The purpose of the fund is to prepare farmers, agribusinesses and rural communities for drought, in order to adapt to climate change.[3]
Establishment
The fund was established on 1 September 2019.[4] It was formed from the Building Australia Fund, which had sat dormant since 2014/2015.[5] Labor had criticized the policy originally, suggesting it was "stealing" money away from infrastructure.[1]
See also
References
External links
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