Livestock Herd
Scheme 2016

The IRD have recently announced this year's Livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements. The Herd Scheme Values are the National Average Market Values as determined by a process involving a review of the livestock market as at 30 April.


Dairy Cattle

With the continued low prices being received for milk it is not surprising that we are now seeing lower prices being paid for dairy cattle. The Herd Scheme Value for a mixed-age dairy cow is $1,356 for the 2016 year – this is very similar to the 2009 value of $1,312. 2009 was also a very low pay-out year.

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Beef Cattle

Commodity prices for beef products are at an all-time high. This has been strongly reflected in the beef market and in the prices farmers are receiving for their animals. The Herd Scheme Value for mixed-age beef cows has increased from $1,171 in 2015 to $1,273 in 2016 – an 8.7% increase.

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Sheep

On the whole sheep values have increased slightly from the 2015 year. Two-tooth ewes have increased from $126 to $133 – a 5.6% increase. The 2016 values are very similar to those we saw in 2014.

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General Summary

Careful consideration needs to be given to your livestock election choices. Even though changes were made to the Herd Scheme in recent years, there is still flexibility around how to value increases in numbers – if you increase your numbers during the year you are able to choose an alternative valuation option to value that increase.

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Contact Us

If you wish to discuss any of the matters raised in this issue of Dollars and Sense, please contact our office - a member of our friendly team will be happy to assist.

 

Kind Regards

The team
Ean Brown Partners Limited


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Disclaimer

The information contained in this newsletter is of a general nature and should be used as a guide only.
A senior representative of Ean Brown Partners Ltd should be consulted for specific advice before any action is taken.


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