Farm management deposits scheme
Category: Food, Beverages and Wine, Other, Small Business.
Program Status: This scheme is ongoing.
Agency: Australian Taxation Office (ATO).
More information: view website.
Open to individuals carrying on a primary production business.
This scheme helps farmers deal with uneven income, which is common in agriculture because of natural disasters, climate and market changes. It allows primary producers to claim a tax deduction for deposits they make in the income year they made them.