The Ministry for Primary Industries plans to design an ongoing evaluation framework for projects successful in attracting funding from its Sustainable Farming Fund.
Applications are open for the 2013 round which offers a total of $8 million of co-investment with a maximum of $600,000 for each project.
The ministry's growth and innovation director, Cathy Mansell, says until now, successful applicants have had to report regularly on how well a project is progressing against set objectives.
Ms Mansell says a number of projects have been evaluated over the course of the fund, set up in 2000.
However, she says the ministry has decided it wants to know more to ensure that it is clear about the investment that the Government has in these projects and it is getting best value for money.
Ms Mansell says work that is done is published regularly on the Ministry for Primary Industries website which allows other farmer-led groups to look at how they can apply what has been learnt from a particular project to their own situation.
Applications for funding close in October.