OPINION: A Government and budget that is delivering for farmers
BARNABY JOYCE: Here’s a little story about Jack and Diane. Two young farmers doing as best as they can. And if they sell $1.9 million of cattle and grain a year, or grapes and wine, or wool and lamb and their turnover is under $2 million then they have the benefit of record commodity prices and now have an overwhelming reason to invest in their farms to make it bigger for them and better for Australia. From 1, July 2016, the fences they build are 100 per cent deductible in the first year. The water infrastructure and dams they put will also be immediately 100 per cent tax deductible.