Australian Farmers can deduct the cost of Fodder Storage Sheds over just 3 Years!
The Federal Government has announced new tax depreciation measures for primary producers in this year’s (2015) Federal Budget.
The move opens the door for farmers and other primary production businesses to claim accelerated depreciation on fodder storage (amongst other items).
This includes sheds used for fodder storage.
For example:
- Hay Sheds
- Grain Sheds
- Silage Sheds
- Sliding Roof Sheds used for stock feed (visit web page to view video on how these work)
- And sheds used for storing stock feed for any other stock
Under the new measures, primary producers can deduct the cost of fodder storage sheds over just three years, instead of up to 50 years previously.
Importantly, these measures
are available to all farmers…
It’s not just those who are classified as a small business. And there is no restriction on the value of your purchase on these sheds for fodder storage.
So now there are many good reasons to invest in a new shed for your hay, grain, silage … anything that involves storage of fodder.
*Please seek independent accounting advice to check the status of this information in relation to your own specific circumstances.
Here’s how one SA farm business already made money from their Grant Sheds grain shed:
Almost Paid For The Shed In One Year!
Michael & Dianne Anderson have their own market for a particular grain they grow, and they store it themselves in their 15m x 27m x 6.3m Grant Sheds grain shed. They hold it in the shed for 3-6 months after harvest and, as Dianne says, “We always gain because of the price increase. We have found that it doesn’t take many years and we’ve actually gained a lot of money by holding over the grain when the prices is low.”
When you get 3 or 4 years that you’re gaining an extra $30-$50 a tonne, it doesn’t take long to pay the shed off.”
“In the first year the shed was up and we put grain in it, we had a heap of feed wheat that was only worth $160-$180 a tonne. We put it in the shed and sold it for $240 in March. So if the shed was full, it would have paid for itself in one year!”
Dianne Anderson, Karoonda SA
And when you buy a new shed, it makes sense to invest in a farm shed that’ll do the job properly … one you can rely on to do everything you need.
Click Here to get your no-obligation FREE report, “The Farmer’s Guide To Choosing The Best Farm Shed For Your Rural Property” (valued at $97). It reveals the big difference between a farm shed made “on the cheap” and one that’s really suited to your needs. It includes The 7 Big Costly Mistakes Shed Buyers Make … And How To Avoid Them! – A must read for any farmer serious about strong, great value sheds.
