Riverine Plains Blog

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.

 

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

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

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)

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.