The recent federal government budget included great news for farmers.
With a 100 per cent tax depreciation, farmers can increase their water harvesting equipment.
The depreciation allowance scheme, due to finish on June 30, 2019, has now been extended and expanded.
Farmers with turnovers of up to $50 million can write off assets purchased this financial year to the individual item value of up to $30,000. They are not limited to the number of assets that can be purchased as individual items.
Aussie Pumps design, manufacture and distribute Australia’s biggest range of self-priming centrifugal pumps for farm applications.
Diesel sales are increasing as farmers make fuel savings and benefit from bigger engine life.
With a higher capital cost than petrol engine drives, the depreciation allowance makes diesel more attractive.
The Aussie pump range includes Yanmar, Kubota and now Hatz diesel drive pumps in sizes from two inches up to six inches.
Delivering up to 2600 litres-per-minute, these self-priming pumps move water around a property efficiently, enabling farmers to maximise their dam storage and rainfall collection.
“We see farmers and contractors wanting to invest in the best gear for their business,” Brad Farrugia of Aussie Pumps said.
“As a pump manufacturer, we supply a huge range of quality pumps that will help them maximise their water management potential,” he said.
The Aussie Pump diesel drive units are all built to the highest engineering standards and have been carefully match-tested to ensure the engines are not overloaded. The pumps are backed with a five-year warranty and the engines are covered by a two-year manufacturer’s warranty.
Aussie Pumps is urging farmers to buy before the June 30 deadline to benefit this year. New equipment could qualify for a 30 per cent to 49 per cent government discount, depending on their tax rate. With reducing tax next year, rebates are tipped to be less.
Australian Pump recommends farmers check with their tax agent quickly. With the June 30 deadline only weeks away, eligible farmers are urged to move now.
More information, including Aussie’s Pumps complete range of self priming trash pumps is available by contacting Aussie Pumps or visiting aussiepumps.com.au.
The Gippsland Farmer is a monthly agricultural newspaper reporting on rural news and distributed FREE and direct to an area covering from Cann River through to South Gippsland. For more than 40 years Gippsland Farmer has reported on a range of issues and industries including dairy, beef, vegetables, sheep, goats, poultry, organic farming, and viticulture.