We all know that there are times when our farmers make millions, as well as loose millions in times of hardship.

What if we were to introduce a special farmers guild, whereby they, the farmers can contribute say up to 10% of their BEFORE TAX income into a trust fund, capped at say $200,000.

This fund can then be drawn upon in tough times, to a maximum of the amount contributed for which the tax is paid at such times.

I feel this would relieve farmers of some of their tax liabilities during bumper seasons, while reducing the drain on the tax payer in times of need.

Is it worth a shot?

Farmers have bank loans to repay. You are doubling the hardship.

It already exists. Farm Management Deposits.

That's good to hear Yabby, I didn't know.

Yes, it already exists.

Sheep farmers can achieve the same effect by storing their wool clip. If sold, it would be taxable. But sitting in the woolshed, it's like money in a trust account - unless the shed gets burnt down in the next bushfire o'course.