Riverine Plains Blog

Posts about:

Farm Business

Farming Digital: using integration to create efficiencies on-farm

Key messages

  • using apps with the ability to integrate with other farm hardware and software can save time inputting data and provide decision making benefits
  • yield maps can often be hard for farmers to access in time to make management decisions; apps such as Bayer’s FieldView can help solve this by providing live, remotely accessed, and shareable data via a cloud-based system
  • local farmers that tested the FieldView app liked its ability to map farming operations, and that results were available in real time; the high level of data collection can also be integrated with other management software systems for further business insights and planning for upcoming seasons
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The value of collecting accurate grain yield data

This week’s blog has been contributed by Riverine Plains Premier Partner, IK Caldwell AGnVET

Key messages

  • yield data and mapping can help grain growers understand factors driving profitability
  • accurate, ‘clean’ yield data is essential for making good decisions post-harvest
  • being prepared before harvest is critical to collecting more accurate yield data
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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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