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Fund management

At Hort Innovation it’s our job to work with industry to invest the sweetpotato levy and Australian Government contributions into initiatives to help growers be as productive and profitable as possible, through the Hort Innovation Sweetpotato Fund

What is the sweetpotato levy?

The grower-raised statutory sweetpotato R&D levy is set at 0.485 per cent of the sale value.

The marketing levy is set at 1 per cent of the sale value.

These levies are collected by the Australian Government and then entrusted to Hort Innovation. It is then Hort Innovation’s responsibility to work with industry to invest the levies – together with Australian Government funds in the case of R&D – into strategic R&D and marketing initiatives.

You can find full details on the levy rates, plus information on how to lodge a return and make a payment with the Department of Agriculture and Water Resources, on the government website here.

Where do investment ideas come from?

Great investments start with great ideas, and Hort Innovation encourages all growers and other industry participants to share their thoughts and suggestions for the work they want to see.

Ideas can be submitted any time via Hort Innovation’s investment idea form.

How are levy decisions made?

Hort Innovation is currently working closely with the sweetpotato industry to finalise a Strategic Investment Plan (SIP) for the Sweetpotato Fund, which will outline key industry priorities for investment.

The SIP will be used like a ‘roadmap’ by the sweetpotato Strategic Investment Advisory Panel (SIAP), which is a panel made up of growers and other industry representatives that has a key role to play in the investment process.

The SIAP discusses investment ideas at consultation meetings - soon with the SIP guiding them - in order to provide advice to Hort Innovation on potential levy investments. Details of the SIAP panellists and summaries of the SIAP’s meetings can be found further down this page.

What happens next?

The SIAP’s advice is used by Hort Innovation to work suitable ideas into project proposals. The proposals are then made public for potential delivery partners to submit responses. Current opportunities are always listed on the Partnership opportunities page, in the delivery partners section of this website.

At the end of the process the responses are assessed, often with the assistance of industry, and the best delivery partner for the work is chosen. A contract is then issued and the work begins.

How can I keep track of investments?

Investments in the Hort Innovation Sweetpotato Fund are detailed in the Your investments page of this Sweetpotato Fund section of Hort Innovation’s website. Resources that are produced by the projects – such as fact sheets and guides – are also available through the Research reports and more page.

Hort Innovation also sends alerts about project updates to its members. Paying a levy doesn’t automatically make you a Hort Innovation member, but signing up is free here.

 

Financial documents

Financial operating statement
July 2018 to July 2019

Sweetpotato Fund consultation

To gain industry insights for strategic levy investments for the Hort Innovation Sweetpotato Fund, we consult with growers through the fund's Strategic Investment Advisory Panel

The Strategic Investment Advisory Panel (SIAP) has two main objectives: to give transparent and robust investment advice; and to ensure investments align to industry priorities.

See below the SIAP meetings with summaries and the panellists.

 

Panel meetings and summaries

Meeting

Date

Location

Summary

1

August 16, 2016

Bundaberg, QLD

View

2

June 13, 2017

Bundaberg, QLD

View

3

February 20, 2018

Bundaberg, QLD

View

4

March 21, 2019

Brisbane, QLD

View

The panel 

Name

Organisation

Location

Russell McCrystal

Russell McCrystal Farms

QLD

Eric Coleman

Australian Sweet Potato Seed

QLD

Linda Zunker

Windhum Farms

QLD

Matthew Prichard

MN&HS Prichard

NSW

Rodney Wolfenden

Wolfies Farms

QLD

Damien Botha

Greensill Farming Group

QLD

Troy Prichard

Prichard Farms

QLD

Michael Jess

Jess Bros

QLD

Bob Granger 

Chair

View biography

Fund Annual Report 2018/19
Publication
Fund Annual Report 2018/19