Riverine Plains Blog

Posts about:

Farm Business

What is ISCC and what does it mean for farmers?

Key messages

  • The International Sustainability and Carbon Certification (ISCC) is a global certification system that verifies sustainability principles for biobased food, feed and renewables.
  • ISCC certification is voluntary, however, growers can gain export advantages and access premium prices.
  • Participating farmers can be audited, so it’s important to be able to produce documentation that supports your declaration if required.
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Tax rules for depreciating assets

 

This week’s blog has been contributed by Riverine Plains Signature Partner, Belmores Chartered Accountants 

Key messages

  • understanding rules around asset depreciation could help farmers with tax planning this financial year
  • farmers could be eligible to deduct the full cost of depreciating assets costing less than $20,000 for multiple assets
  • applies to assets first used or installed ready for use between 1 July 2023 and 30 June 2024
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Getting the most out of your farm data

Key messages:

  • always have a clear purpose for collecting on-farm data and understand how it can be used to make decisions, for example informing fertiliser strategies, livestock breeding programs and soil amelioration
  • good quality data is critical to making informed decisions
  • ensure that you will be able to access your data, even when changing consultants or machinery suppliers
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Making the most of dual purpose crops

Key messages

  • Dual purpose winter crops can help fill the autumn–winter feed gap
  • While there is currently a full moisture profile, a dry topsoil and potentially dry autumn may impact establishment
  • Be mindful of soil temperature and available soil moisture when sowing early (February–March)
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Managing Stress During Harvest

The ups and downs of harvest (and running a property every other day of the year) can be extremely taxing. Managing stress is crucial to avoiding burning out mentally and physically or creating long term health issues.

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