However, State Minister for Agriculture and Regional Development Jaala Pulford said the $2 billion would be spent “equitably” across the state.

Ms Pulford made the commitment at the third North East Ag dinner in Wangaratta on Thursday night.

While not saying how the money would be invested she told the 120-strong audience to expect regional Victoria to feature predominately in the May 1 state budget.

She did reject the Victorian Opposition's plan to use all the money to ease Melbourne and Geelong traffic congestion through road infrastructure works.

“The Victorian Opposition said they are going to spend it all in Melbourne, we most certainly won’t be doing that,” Ms Pulford told Fairfax Media.

“We will be making sure that it’s an equitable share and we’re certainly very conscious of the infrastructure needs in regional Victoria but I think people might want to wait until budget day, which isn’t so long to wait.

“I’m confident it will be a good budget for the regions.”

Ms Pulford told the gathering the agriculture was a key player in Victoria's economic growth.

She highlighted the evolution of the King Valley's prosecco industry as one of the region's farming success stories.

Other issues facing the sector addressed by Ms Pulford included eco tourism and logging, Right To Farm legislation and continuing support for dairy farmers after the collapse of Murray Goulburn.

She also said agriculture was one of the least digitized sectors and there was huge potential for economic growth through technology.

“It's a sector that's got an enormous future to look forward to, a really really exciting future,” Ms Pulford said.