Farm Tender Daily

Farm Tender Daily - All the news from Thursday, the 18th of April, 2024.

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By Dwain Duxson

The reducing tax addiction - I linked a very good article in yesterday's daily, and I just wanted to revisit it as you may have missed it. I just felt the article was too important to miss. It was written by Kelsey Miller, who runs our sister company DelayPay. 

Kelsey is a pretty deep thinker on things and has a good understanding of Farming, but more recently, pre-DelayPay, a background in finance and banking with NAB.

The article he wrote, which you can read here, was an excellent one about the changing business conditions we are now in. I wrote a while ago about the cafe that was addicted to hoarding cash, but when it came time to sell the business, it wasn't worth anything because there was no record of any money transacted.

Our addiction to reducing our tax bill each year might be hurting our relationship with the bank. Or, more importantly, it might be hurting the numbers that we present to the bank. It's a bloody good time to have a chat with your accountant about it, with June 30 not too far away. Is it you and your accountant's main focus each year to try and reduce your tax bill? Reply to [email protected]

The Farmers Club headlines - Our 3 topics tomorrow are:
1) 3000 head of WA Sheep saved from the pit. Vic agent to the rescue. (Free)
2) There are good operators in every industry. Even in ones that are struggling. (Paid)
3) Having bugger all control over the supply chain is one of the hardest things Farmers have to deal with. (Paid).
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Farm Inputs Report - MAP and DAP tighten. Read here.

Current Fertiliser Market Indicative prices: (all prices are Ex GST). Please note that these prices are current market prices, we may have access to products at much better rates. These prices are indicative for when you are being quoted for your fertiliser requirements. Granulock Z available ex Brisbane only - $1170.00. Urea - $720.00 (NC) (All Ports) MAP - $1070.00 (All Ports) (NC) - DAP - $1,085.00 (All ports) (NC), SSP - $639.00 (Brisbane) (NC), $425.00 (Adelaide, Newcastle, Geelong, Portland) (NC), MoP - $740.00 (-$20) (ex Brisbane and Newcastle) $735.00 (-$25) (ex Geelong, Portland and Adelaide), SoP - $1,230.00 (Brisbane, Geelong & Adelaide) (NC), $1,270.00 (Newcastle) (NC), $1,240.00 (Portland) (NC), Gran-Am $450.00 (all ports) (NC). Please note: All ports include the following locations: Geelong, Portland, Adelaide, Brisbane, and Newcastle. Ring Ellen on 0418 137 224 for any Fertiliser requirements.

Today's Trends - Sales trends included Gran Am, Air Seeders, Tractor Tyres, Farm Trucks, Small Seed Box, Oats, Field Bins, Spreaders, Vetch Hay, Boom Sprayers, Mowers, Wheel Articulated Loader, Hay Rakes, Oaten Hay, Vetch Hay, Round Balers, Lupins, and Clover Seed

End of message

Dwain Duxson
P - 0427 011 900
E - [email protected] 

What was listed today.

What was sold today.