Farm profits will be interesting this financial year with strong milk prices and milder seasons being in our favour but then on the other side of the scales we have pricing pressures on key inputs such as fertiliser and wet weather and severe flooding impacting many dairy businesses on the east coast of Australia. Whether you are looking at a profit or a loss for your dairy business, we are now in the final quarter of the financial year and if you don’t already, you should really be looking at tax planning with your accountant to manage your tax position as effectively as you can.

Our guests this month are two enthusiastic and experienced accountants from Boyce Chartered Accountants who discuss strategies to help dairy farmers with the art of tax planning. Kate Garrett and Dan Medway have a very good understanding of agricultural businesses and have dairy clients they work with throughout NSW.

Useful resources related to this podcast:

Dairy Australia – Farm Business Management training options

The Dairy Standard Chart of Accounts

Boyce Chartered Accountants

This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit

It is brought to you in partnership the Hunter Local Land Services

Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address [email protected]

Further NSW DPI Dairy channels to follow and subscribe to include:

NSW DPI Dairy Facebook page

DPI Intensive Livestock Twitter feed

NSW DPI Dairy Newsletter

Transcript here

Produced by Video Lift

The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.