Agribusiness

Mouse Support Package

Primary producers impacted by the 2021 mouse plague may be eligible to claim a rebate for the purchase of zinc phosphide as part of the $150 million mice support package. Farmers experiencing financial hardship due to the mouse plague may be eligible for assistance with purchasing costs of zinc phosphide to provide financial and cash flow relief.  If you…

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End of Financial Year Tips

Over the past couple of months PrincipleFocus has completed tax planning for many of our clients – a process of determining an approximate net income position and then helping our clients with strategies to optimise their tax position and develop a plan to achieve this outcome.  This can include a mixture of utilising the Primary…

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Land returns diverge as beef trumps grapes

Despite a bumper harvest, record commodity prices and rising rural land values , annual returns generated from prime farmland fell for the fourth consecutive quarter in the three months to March as the strongly performing cropping and grazing sector was offset by weak returns from permanent farmland. Over the first quarter of 2021, total annual…

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Budget Summary 2021

This budget seems to be 'more of the same' from our government, nothing massively surprising here, nothing game-changing however there were a couple of hidden gems for individuals, specifically around superannuation. Here we'll take a look at the proposals that are likely to be most important to our clients. Given that these are just announcements…

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Millennials and Gen Z lead bush revival

AFR - Thursday, 1 Apr 2021 - Page 23 Population Growing numbers of the under-40 s are joining the grey nomads and young families seeking a better life out bush; they are reversing a century-long trend of Australians moving the other way – from sleepy country towns to buzzing coastal cities, writes Fiona Carruthers. Moving…

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Budget 2020

We were quietly hoping for something really ground-breaking with this year's budget. Given all that has happened this year the government were in a strong position to deliver some (desperately needed) tax reform and provide some vision for a better Australia.  As Churchill stated: “Never let a good crisis go to waste”. This budget has…

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Farmland prices forecast to slow

This clipping is from the September 14 issue of The Australian Financial - Monday, 14 Sep 2020 - Page 35 After five years of strong gains, little growth is forecast for agricultural land prices over the next 18 months as east coast farmers focus on drought recovery and the economic slowdown weighs on farm revenue…

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Federal Government Announces Additional $2 Billion For Drought Loans

Key points An additional $2 billion announced for the RIC’s drought-related loansApplications for interest-free loan terms will close 30 SeptemberApplications received after 30 September will still have record low interest ratesAgriStarter Loan applications will open from 1 January 2021An additional $50 million in RIC operational funding to deliver more loans The additional funding is in…

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Australian Agricultural Land Price Outlook

Rabobank have an interesting article on land values that may be of interest to you - More Smoke, Less Fire - Australian Agricultural Land Price Outlook. Click below to download the article. More smoke less fire

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RIC rate drop puts cash back in farmer’ pockets

The Regional Investment Corporation’s variable rate across its suite of farm business loans will drop 47 basis points to 3.11 per cent from today - 1 August 2019. "On average our RIC rate is 2 per cent lower than the commercial lenders, which equates to a saving of $102,000 over the five-year interest only period.…

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