Highest Beef Prices For Some Time
With just shy of an inch of rain on the old scale, falling last week around Canowindra, this is another boost for farmers and graziers. Most of the crops are in, although a few last wheat sowings were delayed due to the rain. Compared to other areas in the state, the countryside around Canowindra is looking fantastic.
Steven Mooney, livestock agent from Emms Mooney, with offices in Oberon, Cowra, Molong, Blayney and Bathurst, commented this week, “we are seeing beef prices at an all-time high at the moment, with bullocks making up to $3kg, cows making well over the $2kg mark, and feeder steers making from $2.80 to $3.”
With the drought conditions in Qld and cattle being in short supply there, this is impacting on prices in the Central West area. The yarding this week at Carcoar was around 4,500, with many local graziers offloading their finished cattle to capitalise on the good prices.
Paul Breen, KMWL, Forbes said, “the lamb yarding on Tuesday at Forbes had around 24,000 lambs which will probably be the biggest yarding from now until mid-July when the new season lambs come in.”
“The quality of the lambs is very good, with especially high prices from those lambs that have been on supplementary grain, including oats and lucerne. In addition, as mentioned by Steven, the cattle prices are as high as we have seen for some time.”
How The 2015 Budget Affected Local Farmers
It’s always interesting to see how farmers can benefit from the good times and how they get impacted during bad times. According to Agricultural Minister, Barnaby Joyce, the 2015 budget set out “strong foundations for future investment in Australia’s $52 billion agricultural sector”.
While the sceptics are quick to point out that many of the benefits for primary producers still require cash input, the following will come into play:
Small businesses with annual turnover under $2 million are eligible for tax cuts, valued at 1.5% tax discount for small companies, and up to a $1,000 tax cut for small businesses that do not operate as companies.
Assets under $20,000 acquired and installed from 12th May 2015 until 30th June 2017 can be immediately depreciated for small businesses with turnover less than $2 million (Assets over $20,000 can continue within the small business depreciation pool).
Accelerated depreciation will be available for capital expenditure on fencing and water facilities as of 1st July 2016. From the same time, capital expenditure on fodder storage assets can be depreciated over 3 years. To put these in perspective, current effective life for fences is up to 30 years, water facilities 3 years and fodder storage up to 50 years.
All in all, there are some positives, and obviously some conditions. For assistance with how these changes may impact your business, please contact Yates Baker McLean in Molong on 63 668 049.
Whatever your rural and agricultural needs, there are plenty of suppliers across the Central West that can provide you with the services, products and advice you are seeking out.
MGA Steel Buildings has over 15 years’ experience when it comes to building and supplying all types of sheds. They cover a massive range of structures, like garages, carports, barns, shearing, storage and machinery sheds, stables, hangars and industrial or commercial sheds. All the sheds by MGA Steel Buildings are fully customisable in size, shape and colour, and they can even re-post or re-roof old sheds. MGA Steel Buildings can install accessories like roller doors and water tanks, do their own concreting work and can help with steel supplies, general fabrication and welding work. MGA Steel Buildings is a local Canowindra business employing local people. The team is experienced, insured and dedicated. Call them today on 0427 640 331 for more information and a free quote.
Ryan Bywater is The Rural Handyman, the person to call for glazing, rural contracting, tiling, fixing leaky roofs, plastering, painting and any sort of house maintenance or farm handyman work. If it’s something you can’t or don’t want to tackle, The Rural Handyman is the person to call. No job is too big or too small. Ryan has been in the business for a couple of years now, and is fully licensed and insured. Although the business is based in Lyndhurst, The Rural Handyman services Canowindra, Orange, Cowra and the surrounding areas. He also doesn’t charge travel fees! Contact Ryan, The Rural Handyman today on 0438 623 954 for a quote on your next job.
Whatever your machinery needs, be it parts or service, new or used machinery, pre-approved finance or just simple advice, Carruthers Machinery can help you. The Cowra business was established in 2001, servicing many recognised and market leading brands such as Hardi, CASE IH, Horwood Bagshaw, John Shearer and Challenge Implements. Carruthers Machinery is a family owned and operated business that believe in values of honesty, trust and integrity, and are committed to being the leading service provider in all aspects of their business to the agricultural industry. The enthusiastic and dedicated team of staff at Carruthers Machinery pride themselves as “people doing business with people”. Their philosophy is “never stop striving for excellence in all aspects of our parts, service and sales business”.
Want lower fuel and feed costs? Need less down time and improved weight gain for your cattle or other livestock? Forbes Machinery Centre on Parkes Road can make it happen. With accuracy, dependability and performance guaranteed, Forbes Machinery Centre has what you need. They deal with forklifts, grain handling, livestock equipment, silage equipment, mixers and blenders, power equipment, sprayers, tractors, truck parts and much more, with a wide range of stock from respected makes like Chamberlain, Ford, John Deere, JCB and Kuhnand Agco. Contact them today on 6852 3211 or check out their amazing online showcase at www.forbesmachinery.com.au
Cowra Machinery Centre are an agricultural machinery business on Young Road in Cowra, and right now they are offering 3% finance with a 3 year warranty on all agricultural tractors until the end of June. They deal with a massive range of machinery with an extensive range of floor stock including the T5 Electro Command and T7 Series from New Holland. Contact them today on 6342 5555 or visit them in store to find out more information.