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Livestock Herd Scheme Values 2023 on the UP

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 a large increase from 2021 to 2022, and the reduced returns in all classes this year, the values have decreased across the board. Movements as follows -

Sheep

2021

2022

2023

Ewe Hoggets

$123

$143

$136

2th Ewes

$191

$224

$205

MA Ewes

$174

$202

$177

5yr Old Ewes

$153

$176

$144




Beef Cattle : With the continued good returns, cattle values have increased across the board, with the biggest % lift being R1 Steers/Bulls, as supported by the strong weaner sales this autumn. A couple of the movements are -

Beef

2021

2022

2023

MA Cows

$1,138

$1,328

$1,334

R2 Heifers

$911

$1,038

$1,153

R1 Bulls / Steers

$716

$808

$920

R2 Bulls / Steers

$1,088

$1,242

$1,353




Dairy : Downward movement across the female classes, in particular for R1 heifers with reduction of over 14% from last year.

Dairy

2021

2022

2023

MA Cows

$1,528

$1,697

$1,628

R2 Heifer

$1,291

$1,472

$1,436

R1 Heifer

$707

$809

$693





Red Deer : An increase across all classes, ranging between 12% to 25% lift in values.

Red Deer

2021

2022

2023

R1 Hinds

$174

$189

$219

R1 Stags

$212

$242

$273

 


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.

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