Victorian Young Farmers has welcomed the Victorian Government’s decision to double the threshold for stamp duty concessions for young farmers.LAURA GRIFFIN December 4, 2012 4:10am
Deputy secretary Ellen Grinter said changing the property price threshold from up to $300
‘‘The cost of buying a farm is daunting for young farmers and any move to make it easier for them is backed by the Young Farmers,’’ Miss Grinter said.
‘‘It will speed up the process of young farmers getting started. They bring new ideas and passion to the industry.’’
The Nathalia Young Farmers Club member said under the original scheme the exemption phased down to zero once the farm was worth more than $400
‘‘Land values are going up, so the cost of farms is often higher,’’ she said.
The changes, to be legislated next year, will broaden eligibility from $300
Miss Grinter said the change was a step in the right direction and would help young farmers with start-up costs.
‘‘Young farmers struggle getting all the money together for a deposit and then the stamp duty is a kick in the teeth. There are a lot of other up-front costs, including machinery and the season’s inputs.’’
Victorian treasurer Kim Wells said the change followed a review of the four-year program which began on July 1 last year.
‘‘The Coalition Government set aside $12
He said the take-up of stamp duty concessions had not been as strong as first forecast due to weakness in the national economy and uncertainty created by the global financial crisis.
The review found that pre-existing provisions in stamp duty legislation meant that the scheme currently favoured large, multiple title and multiple farmer transactions.
It confirmed that the threshold was not a barrier to people receiving the concession, but had reduced its value to some young farmers.
The redevelopment of Shepparton Library, which will feature accessible shelving, a teen-specific area, a Skype booth and internet-enabled work stations, will be completed in the next two months.
The Ovens & Murray qualifying final between Yarrawonga and Lavington on Saturday left spectators talking more about the standard of umpiring than the two competing teams.
Greater Shepparton City Council was successful in securing the National Cutting Horse Association Victorian Futurity Cutting Horse Championships for 2014 and 2015, with this year’s event scheduled from September 10-14 at Tatura Park.
The Kiss Angels, 50 Shades of Hope team have come up with a creative way of fundraising for the Relay for Life, a purple potty.
District hotels and businesses may change rosters with penalty rates for casual employees on Sundays set to be cut.
Students visit local businesses for reading lessons
Bottle thrown at Jason Cole in bitter aftermath to Seymour-Benalla game on Saturday.
A truck driver is lucky to be alive after crashing into a Jerilderie home yesterday morning.
Chef and co-owner of Heathcote’s Willow Room Brent Loam is thrilled with the listing in the 2015 Age Good Food Guide
Cobram kids learn about health with hospital as state-wide obesity campaign is launched.
Murray Irrigation to search for new boss after Anthony Couroupis finishes with the company.
A few anxious customers were outside the closed gates of the failed Bee-Jay Machinery business on Goulburn Valley Hwy in Shepparton on Tuesday morning, wondering what would become of deposits they had paid for tractors and other machinery.
A sophisticated hydroponic cannabis system was discovered by police at the Victoria Hotel last week.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.