News | Rural
29 Mar 2024 10:58
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  •   Home > News > Rural

    Federated Farmers are asking the Government to change tax legislation for farmers dealing with Mycoplasma bovis

    Federated Farmers are asking the Government to change tax legislation for farmers dealing with Mycoplasma bovis


    Farmers on the National Standard Cost Scheme owning cows culled under notice by MPI are liable for the tax.

    They want rules changed so farmers forced to cull aren't disadvantaged by the tax regime.

    Federated Farmers economic spokesperson Andrew Hoggard says a hefty tax bill isn't fair.

    He says a solution is to let farmers to write the stock as the same values as the animals they replaced.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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