Just released are the Herd Values at 30 April. A snapshot is taken throughout New Zealand and across various markets to determine the values to be used for tax purposes each year.
When you are in the herd schemes, increases in values are not taxable and decreases are not deductible.
Sheep : With good stable returns being achieved across all classes this year, the values have increased across the board.
Beef Cattle : Cattle values have increased across the board, with the biggest lift being in MA Cows.
Dairy : Upward movement across all classes, in particular for the yearling heifers with a bounce back from last years dip from 2020.
Red Deer : An increase across all classes, but a slower recovery in values.
This is an overview of the changes. As always we are available to talk in more detail about how this impacts your farming figures.