ABC Sheds Blog

How to get a tax advantage for hay storage

Getting a fodder storage or hay shed constructed on your farm is a smart move that will reduce fodder storage losses, however, an investment like this isn’t cheap. The more hay you harvest the bigger the shed you will need, therefore increasing upfront costs. This can be a big deterrent for farmers to organise new and much-needed hay storage if they’re already battling with the effects of drought, fire and COVID-19.

Drought assistance available in Australia

 
Years of drought and hardly any rain have had a significant impact on Australian farmers. This struggle has not gone unnoticed however and on the 1st of July 2020 the New South Wales Government announced that they had increased their interest-free seven-year loan to $100,000. This is a massive increase from $50,000 and with no repayments for two years, we’re sure it will be a big help to many farmers that have been doing it tough.
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