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Managing varying primary production income

Help for primary producers to manage the way in which their situation may vary substantially from one year to the next.

Last updated 24 October 2024

The tax system includes special provisions to help you, as a primary producer to manage your tax affairs when your income varies substantially from year to year. These can be long term programs like the Farm Management Deposit scheme or dealing with short term issues such as Murray Goulburn overpaying milk suppliers, or exempting certain disaster recovery grants.

For more information, see: 

Tax averaging

Tax averaging evens out your income and tax payable over a maximum of five years to allow for fluctuations.

Farm management deposits scheme

The farm management deposits scheme helps primary producers manage varying income.

Abnormal primary production income

Find out how 'abnormal income' you receive as primary producer is taxed.

If your business runs at a loss

You can claim your primary production losses immediately against other income if you meet certain conditions.

QC42300