You might have heard of the farm management deposits (FMD) scheme which is in place to help primary producers to manage uncertainty in their cash flow. As a farmer or primary producer, you may be eligible for these benefits (or Australian Government farm loans) and can access these concessions to help you during times of adversity. The way in which this scheme works is that you get concessional tax treatment during good years and can draw on these later when you need the funds. The farm management deposit (FMD) is managed by the Department of Agriculture and Water Resources while […]
