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Processing Tomato FundThe Hort Innovation Processing Tomato Fund – new for 2016/17The processing tomato collective industry fund (CIF), now known as the Hort Innovation Processing Tomato Fund, was established in February 2017. It brings together financial contributions from the processing tomato industry – collected as a voluntary levy – and allows access to Australian Government contributions.
The processing tomato industry has set producer contributions to the CIF at a rate of 0.5 per cent of gross value of production.
Hort Innovation will be responsible for strategically investing this levy and government funds into R&D projects to improve industry productivity and profitability, and to ensure the long-term sustainability of the processing tomato industry.
All investment decisions are to be made in close consultation with industry, and Hort Innovation has an industry-specific Strategic Investment Advisory Panel (SIAP) established for this purpose.
The SIAP and Strategic Investment PlanThe processing tomato SIAP was appointed at the tail-end of the 2016/17 financial period. The panellists were selected according to skills-based criteria and considering geographic and sectorial diversity. The panel also has a chair.
When providing advice to Hort Innovation on potential levy investments, the SIAP’s guiding document will be an industry-specific Strategic Investment Plan (SIP). This document will outline key investment outcomes and strategies, and ensure all investment decisions align with industry priorities. At the time of writing, Hort Innovation was working with industry to draft and validate the SIP.
Processing tomato SIAP panellists
Name Organisation Location
Matthew Wright Kagome VIC
Charles Hart APTRC Chair VIC
James Weeks Weeks Family Farms VIC
Andrew Ferrier SPC Ardmona VIC
Jim Geltch Geltch Investments NSW
Liz Mann Industry Development Manager VIC
Nick Raleigh Kagome VIC
Tony Henry AD & VR Henry VIC
Sze Flett DEDJTR VIC
Cath Botta Chair
Processing Tomato Fund
Horticulture Innovation Australia LimitedACN 602 100 149
www.horticulture.com.au
Copyright © Horticulture Innovation Australia Limited 2017.
How will ideas get to the SIAP? All industry participants are welcome and encouraged to submit ideas for potential industry projects. To submit an idea, use Hort Innovation’s Concept Proposal Form at www.bit.ly/2eTpOxA. You can also learn more about how the collection of ideas works in the video available at www.bit.ly/2hTROUQ.
Levy investmentsThe new voluntary levy was not invested into R&D projects during 2016/17. The SIAP convened for the first time during 2017/18 to discuss initial project concepts and investment opportunities.
When new projects are established, updates will be circulated in Hort Innovation’s quarterly Hortlink publication, which is sent directly to the inboxes of Hort Innovation members. Not a member? Learn more and sign up to our membership program for free at www.horticulture.com.au/membership.
Connect with your Relationship ManagerSam Turner is the processing tomato industry’s Relationship Manager at Hort Innovation. He can be reached on 0418 164 717 or at [email protected] if you have any questions, wish to become a member of Hort Innovation, or would like to discuss anything related to the Hort Innovation Processing Tomato Fund.
