"The Rural Support Trusts do a fantastic job and are well placed to deliver additional help. They're experienced and practical people who can coach farmers through difficult times".
The new funding is on top of previous increases by the Government which had already boosted funding for the Rural Support Trusts from $386,500 a year to $626,000 for its daily work.
Outside of that, the trust is budgeted to receive more than $1m in the next year for M.bovis related work said O'Connor.
"I met this week with all the major banks and Rural Support Trusts. I asked that financial institutions make sure they are working alongside Rural Support Trusts and others to help farmers where required.
"I'm extremely proud of the ongoing high performance of our primary sector. We're getting record prices for our food and fibre.
In the Budget, the Government had set aside $229 million to spend on such as boosting advisory and extension services. A Farm Debt Mediation scheme "will be a safety net for farmers" and improvements to NAIT would help prevent some of the tracing issues experienced with M.bovis said O'Connor.
"Soon we will release an industry-backed plan to ensure the sector gets the skilled workers it needs".
"The Budget had $1.9 billion for mental health to improve frontline services, rural communities included" said O'Connor.