The Midlands Conservation Fund was developed by the Tasmanian Land Conservancy and Bush Heritage Australia to help farmers to protect critically endangered native grasslands and grassy woodlands in the Tasmanian Midlands.
The land between Tasmania's Great Western Tiers and the east coast range represents one of Australia's handful of national biodiversity hotspots, the grassy lowland plains of the Tasmanian midlands. The region is home to many plant and animal species found only in this part of the world, and it is the last refuge for some that are now extinct on the Mainland, such as the spotted tail quoll and eastern barred bandicoot.
Most of the funding for this initiative have come from philanthropic organisations such as The Myer Foundation, Sidney Myer Fund, JT Reid and the Vincent Fairfax Family Foundation. It has also received significant funding from the Federal Government's Caring for Country program.