Effective 19 August 2018, primary producers can immediately deduct (rather than depreciate over three years) the cost of fodder storage assets, such as silos and hay sheds used to store grain and other animal feed storage, making it easier for farmers to invest in and stockpile fodder.

Primary producers can also claim an immediate tax deduction for the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills.

www.agriculture.gov.au/ag-farm-food/drought/assistance/tax-relief