Livestock Values and Trends 2023
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Livestock Values and Trends for 2023The National standard costs 2023 and 2023 Herd Scheme Values are now released by Inland Revenue. We’ve prepared a report on trends in livestock values for…
Livestock Values and Trends 2023
2023 Herd Scheme Values
Inland Revenue released the determination of national average market values (Herd Scheme values) for 2023. The Herd Scheme values for the following classes of livestock for the 2022/2023 income year…
Income Equalisation Scheme provides Relief
Cyclone and Flooding events have prompted temporary changes in the rules for the Income Equalisation Scheme which may provide relief for farmers The Income Equalisation Scheme helps farmers (and other…
National standard costs 2023
Inland Revenue have released the National standard costs for 2023. The annually-updated national standard costs are used by taxpayers who have elected to in to this method to value their…
Cyclone Gabrielle Assistance
Our thoughts are with those that have lost lives, homes and livelihoods. The term “cleanup” doesn’t begin to describe the efforts that will be needed now and long in to…
National standard costs 2022
Inland Revenue have released the National standard costs for specified livestock determination for 2022. The annually-updated NSCs are used by taxpayers who have elected to value livestock under the national…
Keeping children safe on the farm during summer
At this time of the year many of us have visitors around. We especially look forward to spending time with the children and grandchildren. Even during the holidays, work on…
Productive and Sustainable Land Use Package
The Productive and Sustainable Land Use (PSLU) package promotes farm land-use practices that deliver more value and improved environmental outcomes. This will help New Zealand to transition to a more…
A Guide to Farm Accounting
Farming is a unique business because it heavily relies on living produce such as crops and livestock. Of course government regulations, the weather and the general economic outlook affect farmers…
2022 Herd Scheme values
Inland Revenue released the determination of national average market values (NAMVs) of livestock for 2022 on 27 May. The annually-updated NAMVs are used by taxpayers who have elected to value…