Plant-based bubble bursts
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The South Island drought doesn’t seem to have had too much impact on crop yields to date, particularly where irrigation’s been available.
Inland Revenue says it’s monitoring the drought and looking at the financial situation of farmers, with a view to seeing how they can best help them through the dry.
The South Island drought has already hit most drystock farmers hard in the pocket and the concern over winter feed is mounting.
Whatever it takes, don’t disrupt your capital stock to cope with the drought. That’s the headline message from a seasoned Canterbury consultant who’s seen the region go through severely dry seasons in over 40 years in the industry.
Official declaration that the South Island’s drought is a medium-scale adverse event has been widely welcomed by farmers and their representatives.
Now that drought has been declared by the Primary Industries Minister Nathan Guy, Inland Revenue says it will exercise discretion towards affected farmers.
Primary Industries Minister Nathan Guy has today officially declared the drought conditions on the east coast of the South Island as being a medium-scale adverse event.
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