Is small business eligible for Transitional Income Support?
The rationale for small business assistance is to support those small businesses who were in financial difficulty due to the impact of Exceptional Circumstances (EC) on farm enterprises. EC declarations are lifted when majority of producers (farm enterprises) have experienced climatic conditions which allow them to carry out farm management practices indicative of a sustained recovery. Farm management practices indicative of a sustained recovery will usually involve the purchase of products and services from agriculture dependent small businesses, which in turn increases the capacity of the small business to meet business operating and family living costs. The target market for Transitional Income Support is the small number of producers who may still be in difficult financial circumstances and need welfare income support while they take action to improve their long term financial security.
