Horticulture Innovation Australia (Hort Innovation)’s transition to a grower-owned Research and Development Corporation (RDC) for Australia’s $9 billion horticulture industry will result in some changes to the system for levy expenditure.
Under the new RDC, levy funding will be split into two pools. Separate advisory mechanisms will exist for investment of potato grower and potato processor levy funds.
Collected from the National Potato Levies, matched by the Australian Government and invested into commodity-specific R&D.
These funds will be collected from co-investors plus excess capital budgeted by the Australian Government that is not spent matching levy payments.
Projects from both pools are considered, investigated and tendered by Hort Innovation, through an advisory mechanism, procurement process and consultation with industry. This process will involve both growers and industry representatives.
The benefits of projects from both pools then flow on to Australian potato growers and processors – the levy payers.
Potato levy resources