Agribusiness Insights

Agribusinses Insights

Agribusiness insights

The Australian agribusiness sector is a significant driver of the Australian economy. We keep you up to date with the latest insights into the Agribusiness sector

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Incentives for agribusiness innovations

6 September 2022
Innovation and technology have become huge proponents of allowing agribusiness to grow sustainably. A number of available incentive programs can assist in supporting the earlier adoption and use of innovative technologies in your business.

Reviewing your farm debt strategy and capital structure

22 August 2022
The continued growth in agricultural land values and two good seasons of higher returns (for some) has allowed many farmers to strengthen their balance sheets in the lead up to a rebound in interest rates.  

Top tips on building off-farm assets

16 August 2022
Farming is arguably one of the more volatile industries in the world.

Cyber security in agriculture: How to adopt technology and keep your business secure

11 July 2022
Cyber security in agriculture is a growing concern.  Innovative technology like smart-sensors can help save a harvest from the whims of Mother Nature, but internet-connected devices do come with added risk. RSM Sydney's Director of Risk Advisory, Ashwin Pal, talks about the cyber risk that comes with smart technology in agribusiness and how to innovate securely.

Key considerations for agribusinesses facing current economic challenges

7 July 2022
In the face of increasing economic uncertainties associated with rising interest rates, significant inflationary cost pressures, product innovation and dynamic global markets, to mention just a few, it is critically important that managers take this opportunity to review the long-term financial health and competitiveness of their agribusinesses.

What you need to know about grain marketing and tax planning

29 June 2022
Grain marketing and tax planning are more intertwined than we think. It may appear strange to raise the topic of grain marketing when the crop is only just in the ground.

Temporary full expensing of depreciating assets: who wins?

17 June 2022
As the end of financial year looms, everyone is thinking about tax. That makes it a good time to examine the value of asset write-off rules. Temporary full expensing of depreciating assets has been extended, but do small businesses benefit?

Change in the NSW Stamp Duty Act a win for succession planning for farmers

7 June 2022
Succession planning for farmers has changed for the better.  Changes made by the NSW Government to the Duties Act will now mean that land that is being transferred under the Intergenerational Stamp Duty Exemption can be directed to non-individuals such as a discretionary trust or a self-managed superannuation fund.

Farm Tax Planning – Don’t miss a golden opportunity

27 May 2022
With the end of the financial year approaching fast, it's time to focus on tax planning for your farm and start the next 12 months off right.

Members Voluntary Liquidation (MVL) for Rural Enterprises

17 May 2022
What is a Members Voluntary Liquidation and is it an option for your rural business?  There are several reasons a rural enterprise might wind up a solvent company:

Tax changes causing a farm business rethink

6 May 2022
For generations, Australian farming families have often operated their farming business via family trusts or partnerships.

10 tips to minimise the impact of farm financial risk

3 May 2022
Farmers and farming businesses deal with a significant amount of uncertainty every day, and the impact of farm financial risk can be astronomical. 

The 2022 State of Agribusiness in Australia

21 April 2022
The 2022 State of Agribusiness in Australia report provides an overview of the challenges the industry currently faces, along with recommendations and insights from industry leaders that will let agricultural players harness more opportunities and strengthen their position in the market.

Holding farmland inside an SMSF: Yay or nay?

21 April 2022
Holding farmland inside an SMSF has long been a favoured strategy across Australia. The ability to help fund your retirement by paying yourself a tax-deductible lease payment is very popular, as is the 15% tax rate inside an SMSF and the potential to minimise your assets for the $6 million small business assets test.

Tax effective financing options for machinery purchases

20 April 2022
Tax planning should be a top priority for the 2022 year in light of WA’s record harvest and expected higher profits. So if you're planning to purchase machinery in the near future for your business, you might want to consider these tax effective financing options.