FARMERS and machinery dealers welcome any tax offset, and the latest is sure to be no different.
It is the 15 per cent refundable tax offset for no-till seeding equipment, as part of the Carbon Farming Future program.
Smart machinery marketers are starting to pick up on the possibilities of the government deal, including no-till seeder manufacturer Tobin.
The company is offering a further 10 per cent discount on top of the government numbers.
That is an attractive deduction for machinery that is, typically, not cheap. The 25 per cent combined saving will shave $50,000 off a $200,000 seeder.
The program is designed to encourage conservation farming, with $44 million in incentives to buy new no-till seeding equipment. It covers farmers taking steps to reduce emissions and store in-soil carbon.
Tobin managing director Noel Tobin said the offset could help iron out seasonality in the seeder market.
"Securing early orders spreads our production schedule and ensures on-time delivery for our customers," he said.
The tax offset is effective from July, and is specifically for conservation tillage machinery. The government website mentions discs and tined machines with minimum tillage points fitted.
Importantly, the payment is not a depreciation deduction but an offset against tax payable.
Noel said the Tobin No-Till drill fitted the carbon farming requirement, with the advantage of superior productivity and trash handling capability, along with low maintenance requirements.
"Couple this 25 per cent saving with the advantages of the Tobin planters and it is a win-win situation for both farmers and manufacturers."
He said the carbon friendly advantages of most disc drills included reducing emissions, maximising in-ground carbon storage and improving farming's long-term sustainability.
To be eligible to claim, the entity must have a Research Participation Certificate for the income year in which the claim is made.
To get this, a "conservation tillage survey" has to be completed in the year of purchase. See climatechange. gov.au for more details or visit tobindiscdrills.com.au





