Cracker Kiwifruit Payout Forecast
Zespri's October forecast for the 2019/20 has been released and it's great news thanks to increases across all four main varieties.
The October forecast per-tray and per-hectare average orchard returns are below:
FRUIT CATEGORIES OCTOBER 2019/20 | AUGUST 2019/20
Zespri Green $66,023 per ha $63,125 per ha
$6.54 per tray $6.26 per tray
Zespri Organic Green $61,201 per ha $60,626 per ha
$9.45 per tray $9.31 per tray
Zespri Gold $155,889 per ha $152,286 per ha
$11.41 per tray $11.15 per tray
Zespri Green14 $43,088 per ha $42,945 per ha
$7.58 per tray $7.55 per tray
The total fruit and service payment, across all pools & excluding the loyalty premium, is currently forecast at $1,892.4 million, up by $39.2 million on the previous forecast.
Increased earnings is always excellent news for orchardists. Just be aware increased earnings could lead to being bumped out of "safe harbour" regarding provisional tax.
If you have concerns and do not currently operate a budget, or want to review / update your current budget, please get in touch with your Rural Accountants team today, we will be happy to look into this for you.
*Information supplied, Zespri October 2019
As a farmer, Christine understands our business and how farmers and growers operate.
We use Rural Accountants to provide a full accounting service to an orcharding partnership which operates a number of orchards with a wide spread of varieties and management systems. Rural Accountants are always timely and accurate, and their annual financial accounts are extremely easy to understand and very grower-friendly.
Rural Accountants is a real asset to our business.
The team at Rural Accountants pretty much manage all our administrative tasks for the group including payroll and tax planning, ensuring we don’t pay any more than necessary. They are at the forefront of technology and have helped us get up and running with Xero and Figured which is much more efficient than the way we used to work.
Christine is very knowledgeable, great to deal with and knows our business well. She is also a sheep & beef farmer so knows the industry really well and understands our needs.
Rural Accountants keeps us on track through strategic and forward planning meetings throughout the year. Christine knows our business inside out so she can deal with our questions instantly.
What Our Customers Think
I used to work out my GST and process it manually which would take me at least a full day every two months. Angelina then set up reconcilliations rules and other quick tools, and showed me how to do all my reconcilliations and process my GST returns through Xero which now takes me no time at all!