Processing Tomato Fund recap
The 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.
Making investments in the Processing Tomato Fund
Hort Innovation is responsible for strategically investing the processing tomato levy contributions 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 processing tomato SIAP
The processing tomato SIAP was appointed in mid-2017, with the panelists selected according to skills-based criteria and considering geographic and sectorial diversity. The panel also has a chair. SIAP panellists are listed on Hort Innovation’s Processing Tomato Fund webpage and include…
- Matthew Wright, Kagome, VIC
- Charles Hart, Chair, Australian Processing Tomato Research Council, 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, Department of Economic Development, Jobs, Transport and Resources (DEDJTR), VIC
The SIAP’s key function is to provide strategic investment advice to Hort Innovation – helping guide the way industry contributions and Australian Government funds are put to use.
The SIAP met for the first time in October in Echuca, Victoria. Notes from each SIAP meeting, which will be held annually or convened as necessary, will remain available on the Processing Tomato Fund webpage.
What guides the processing tomato SIAP’s advice?
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 had been working with industry to produce the SIP. A draft document was presented to the SIAP during October, and another round of consultation with industry was due to be completed by December. Look for updates on the SIP in the new year.