Livestock Valuation Methods: Implications of the Main Options Coral Phillips Herd Scheme values (National Average Market Values) for dairy cattle announced last month show a substantial decrease in value from 2014. This is really no surprise, as values have followed milk pay-out ever since the current livestock valuation methods began in 1987. 2014 Herd Scheme […]
Category: Farm Finance
Changes with renting a house to farm staff
A farm job often comes with a farm house and the amount the farm worker pays for the accommodation is the PAYE on the rent allowance, the rent allowance being part of his overall salary package. For example as a farmer-employer you may currently rent your 3 bedroom worker accommodation to your employee for $100pw. […]
Farmers need to stand up to Worksafe bullies.
Farmers need to stand up to Worksafe bullies. By Robin Grieve I read with disappointment comments by farmers and farming industry representatives that Worksafe is being unreasonable in banning passengers from quad bikes. My disappointment was not because I disapproved of their attitude, not at all; my disapproval is because they should understand health and […]
Tax pooling
Carissa Tolley, It can be difficult to calculate income tax obligations, especially provisional tax which is paid in three equal instalments. The amount to be paid is an estimate of your profit for the current financial year, and you can easily underpay or overpay the Inland Revenue (IRD). If you pay your tax late to […]