FMDs tipped for another record savings year

Andrew Marshall
Updated May 23 2017 - 5:14pm, first published 5:00pm
Farm management deposits allow eligible producers to set aside up to $800,000 in pre-tax income in good years, which is then available to draw on in the future when they need it.
Farm management deposits allow eligible producers to set aside up to $800,000 in pre-tax income in good years, which is then available to draw on in the future when they need it.

The National Australia Bank (NAB) says farm management deposits are on track to again smash the past year’s record as producers better manage their finances in good years to prepare for the more challenging ones ahead.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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