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Fewer accidents = less financial strain
accelerateonline • May 5, 2022
New Zealanders are among the best in the world at looking after their livestock and crops, but are we missing something when it comes to looking after our people?
In 2020, there were more than 22,700 farm-related ACC injury claims, which came at a recovery cost of $84 million. That’s over 60 farmers injured every day, not to mention the ripple effect on their families and communities.
In fatal farm accidents, there’s almost always a farm vehicle involved, so it’s important to remember the simple measures you can take to avoid unnecessary injury and financial strain.
- Use the right farm vehicle for the job. It may not be the same one you used yesterday if the conditions have changed.
- Take a moment to consider the terrain, the job it’s needed for, the load you’ll be transporting, and whether the weather calls for a change of plan.
- Make sure both the vehicle and the driver are up to the job.
- If a seatbelt is fitted, use it. Wear a helmet when required and watch where you are going. It might sound silly but when you’re busy, tired, or stressed, it’s easy to become distracted.
Accelerate - December 2023
Accelerate August 2023
Inland Revenue have recently announced this year’s livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements. The Herd Scheme Values are the National Average Market Values, determined by a process involving a review of the livestock market as at 30 April.
The values for Dairy this year have seen a fall in values across all female classes, but increases across all male classes. The fall in R1 heifer values can be attributed to the prohibition of live export by sea commencing from 30 April 2023. For the first time the National Average Market Value for R1 Heifers is less than the National Standard Cost of breeding and rearing an R1 Heifer.
In contrast to Dairy values Beef values have increased on average 9% and are almost at record values for all classes.
Sheep values have all fallen from the high of 2022, slipping back an average of 10.2%. Whilst values have fallen, they are still either the second or third highest that they have ever been depending on which class of sheep you are looking at.
Goat values have increased on average 7.8% with almost all classes of fibre and meat producing goats at record highs. The value of milking goats continues to be well down from historic highs, except for breeding bucks which are at their highest value.
Like the rest of the world, New Zealand has reeled from the aftermath of Covid, rising inflation and interest rates, and the cost-of-living crisis. This year we also have a massive storm damage repair bill.
Any tax cuts, or changes to the tax thresholds were vetoed in Budget 2023 as this was viewed as worsening inflation.
Budget 2023 builds on the $889m already provided in response to this year’s storms. A further $6b is allocated for a National Resilience Plan , for rebuilding after weather events. $71b is committed to new and existing infrastructure projects: not only storm damaged communications, power and roading, but schools, hospitals, public housing, rail and road.
