top of page

Hustle ... Self-determination to go out there and work it out until you made it.

Livestock Herd Scheme 2024 moving as expected

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 : After decreases across the board for 2023, and continued reduced returns in all classes this year, this has been reflected in the Herd Values with decrease on average of 25% from 2023. Please see the below summary of the herd values in comparison to previous years and their movements.

Sheep

2021

2022

2023

2024

Ewe Hoggets

$123

$143

$136

$101

2th Ewes

$191

$224

$205

$159

MA Ewes

$174

$202

$177

$134

5yr Old Ewes

$153

$176

$144

$106



Beef Cattle : Following 3 years of good increases, and while still seeing good returns in comparison to sheep and a positive outlook for the Spring, there has been a softening of values with a decrease across the board by 6.5%. A couple of the movements are:

Beef

2021

2022

2023

2024

MA Cows

$1,138

$1,328

$1,334

$1,304

R2 Heifers

$911

$1,038

$1,153

$1,145

R1 Bulls / Steers

$716

$808

$920

$855

R2 Bulls / Steers

$1,088

$1,242

$1,353

$1,292




Dairy : Slight downward movement across the female classes, and slight increases in male cattle classes, with the exception of R3 & older steers/bulls which went down by $25 per head.

Dairy

2021

2022

2023

2024

MA Cows

$1,528

$1,697

$1,628

$1,609

R2 Heifer

$1,291

$1,472

$1,436

$1,433

R1 Heifer

$707

$809

$693

$676





Red Deer : With good returns from venison and stable velvet receipts, there has been an increase across all classes, ranging between 6% to 28% lift in values.  The biggest movement has been in R1 Hinds with an increase of 28%, followed by R2 Stags at 17%.  Deer are nearing the highest they have been since 2019, and have recovered well since the impact from Covid.

Red Deer

2021

2022

2023

2024

R1 Hinds

$174

$189

$219

$282

MA Hinds

$349

$379

$440

$510

R1 Stags

$212

$242

$273

$302

R2 Stags

$420

$475

$595

$697

 


This is an overview of the changes. As always we are available to talk in more detail about how this impacts your farming figures. Full information is available from IRD here.

Comments


bottom of page