The end of the financial year is almost here. For Australian farmers, that means one thing: a chance to stock up on what you need and claim it as a tax deduction before June 30.
Whether you need hay for winter feeding, grain to top up your supplies, or a piece of machinery you’ve been putting off, buying before EOFY can make a real difference to your tax bill.
This guide covers what’s worth buying, why timing matters, and how to find what you need on LocalAg before the deadline hits.
In Australia, most farm businesses run on a July to June financial year. Any eligible purchases made before June 30 can be claimed as a tax deduction in this year’s return.
That means if you’re going to spend money on farm inputs, feed, or equipment in the next few months anyway, buying now is smarter. You get the goods and reduce your taxable income at the same time.
It’s also a good time to think ahead. Hay and fodder prices shift with the seasons. Locking in supply now, before winter demand pushes prices up, can save you money twice over.
Winter feeding season is coming. If you run cattle, sheep, horses, or any other livestock, securing hay now means you’re not scrambling when cold weather arrives and prices go up.
Buying hay before June 30 gives you:
On LocalAg, you can browse hay and fodder listings from verified sellers across Australia. Whether you need a few bales or a full season’s worth, there are options to suit different budgets and locations.
If you need a larger or more complex order, the LocalAg Plus team can help you secure a forward contract with delivery timed to your feeding program.
If you’re supplementing livestock feed or managing a feedlot, grain is another category worth purchasing before June 30. Prices can move quickly depending on the season, so buying now while you have EOFY tax benefits adds up.
LocalAg has grain and feed listings from sellers across the country, with the ability to search by location so you can find supply close to home.
Larger purchases like tractors, headers, feeders, and other farm machinery are often the biggest EOFY opportunity because the tax savings are more significant on higher-value items.
If you’ve been putting off a purchase because of the upfront cost, EOFY is a natural moment to reassess. Talk to your accountant about instant asset write-off eligibility and what applies to your situation.
LocalAg has a machinery and supplies category where farmers list equipment directly. You can often find good quality second-hand machinery at a fair price, with the added security of LocalAg’s verified payment system.
Fencing supplies, sprayers, feeders, water equipment, and other farm inputs all count too. If you have planned maintenance or infrastructure work coming up, sourcing materials now is worth doing.
LocalAg is an Australian agricultural marketplace built for farmers. You can browse listings across hay and fodder, grain, livestock, machinery, and more.
Here’s how it works:
Listing is free, and the platform is backed by the Feed Central team with over 100 years of combined agricultural experience.
For buyers, the process is straightforward. You browse, you connect with a verified seller, and you complete the purchase through a secure payment system. No chasing payments, no uncertainty.
If you’re looking to secure a significant quantity of hay or fodder before June 30, the LocalAg Plus team handles managed contracts and logistics for bigger or more complex deals.
You can lock in supply now and arrange delivery for when you actually need it. That way, you get the tax benefit this financial year without having to take immediate delivery.
Talk to the LocalAg Plus team about your requirements before June 30.
June 30 is the hard deadline. Once the financial year closes, any purchases you make count toward next year’s return instead.
If you know what you need, now is the time to act. Browse current listings on LocalAg, get in touch with sellers, and get your order confirmed before the end of the month.
Talk to LocalAg Plus about forward hay contracts
This article is general in nature. Speak to your accountant or tax adviser about what purchases are deductible for your specific farming business.
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