Primary-Producer

Primary Producers 2024

What is Primary Production?

Primary Production Income

Primary production income includes proceeds from the sale of produce, livestock, stud fees, prize money, insurance recoveries, agistment fees, and primary produce taken for domestic use.

Averaging of Income

Special Deductions

A number of deductions are available to primary producers for capital costs:

Farm Management Deposits Scheme (FMD)

Horticultural Plants

Livestock Valuation

Profit from Death or Forced Disposal

Insurance Recoveries