Asset incentives for primary producers

26 November 2020

Agribusiness in focus – Expert insights from BDO

Our series provides a diverse range of interesting financial, tax and business insights on topics impacting organisations and individuals in the agribusiness industry. Our experts will answer the questions you never thought of asking your accountant. Sign up today to receive the latest edition straight to your inbox.


The 2020-21 Federal Budget made a number of changes to the instant asset write off and expanded the entitlements through a temporary full expense incentive to support new investment and increase cash flow.

Our Food & Agribusiness experts step you through the myriad of deductions available when acquiring primary production assets, and outline key issues to be aware of. In this video, Jodie Knowlton and Andrew Jones will cover:

  • Instant asset write off
  • Backing Business Investment Incentives
  • Immediate expensing of assets
  • Other primary production immediate deductions
  • An important interpretive decision that arose from the McBride case.

From paddock to processing and all points in between, our Food & Agribuisiness team members speak with primary producers every day about operations, key issues and how to make better-informed decisions. Contact one of our advisers to find out how we can help you.


Jodie Knowlton

Jodie is a Partner in the Business Services team who specialises in helping small to medium family and corporate businesses. She provides a full range of services including tax compliance, management reporting, virtual CFO, cashflow forecasting and succession planning. Jodie has a specific interest in the food and agribusiness industry, having grown up on a cattle farm in South-East Queensland.

Andrew Jones

Andrew is a Partner and corporate tax specialist. He provides practical, timely and relevant guidance and solutions to clients on large corporate, international and government tax matters, and has a specific interest in tax governance and tax risk management. Andrew specialises in agribusiness, and currently advises several medium and large agribusinesses. He also has family interests in a small horticulture operation in the Lockyer Valley.