OT_222: IRD National Average Market Values (herd scheme), breeding-stock $/head

OT_222: IRD National Average Market Values (herd scheme), breeding-stock $/head

Source

https://www.taxtechnical.ird.govt.nz/determinations/livestock/average-market-value/namv-2025 — original source (opens in a new tab; the file is not redistributed)

Context: ni · Feeds D02 (breeding-stock purchase CapEx)

Summary

Inland Revenue’s National Average Market Values for the herd scheme, the official annual national-average livestock values used for tax. They are the recommended basis for the model’s breeding-stock purchase cost because, being national averages, they smooth the saleyard cycle. That matters here: 2026 is a documented cyclical high in NZ store cattle and breeding-ewe markets, so saleyard prices would overstate a long-run establishment cost.

Key claims

- claim: "IRD NATIONAL AVERAGE MARKET VALUES, breeding stock (herd scheme). Beef mixed-age (breeding) cows $1,304 (2023/24) rising to $1,865 (2024/25); rising-2yr beef heifers $1,145 to $1,521; beef breeding bulls ~$2,878-3,534. Mixed-age (breeding) ewes $134 (2023/24) to $178 (2024/25); two-tooth ewes $159 to $201; breeding rams ~$309-310. Earlier years (2018-2018/19) sit similar or lower (cows $1,355-1,497; ewes $160-190). [verified against the raw: cow $1,304 and $1,865 confirmed]"
  source_location: "IRD NAMV determination reproduced in Bridge Advisory (2025, IRD determination released 26 May 2025) and Alexanders (2019)."

Model use

• The breeding-stock purchase leg of pasture_grazing_capex_per_ha in D02, a one-off CapEx establishment cost (per project design decision). Recommended long-run figures: **breeding cow ~1,500/head** (mid-cycle; 1,865 if the latest official value is preferred, flag vintage), **breeding ewe ~165-180/head**. Do NOT use current saleyard prices (store cattle 2,570-3,510, 2-tooth ewes $294-382), which both source articles call a documented 2026 peak. OT_222

Notes

• Basis. Official national averages (IRD herd-scheme determination), reproduced in two accountant summaries. The underlying primary is the annual IRD NAMV determination; the values are verified against the reproductions.
• Multi-file. Bridge Advisory 2025 (current) + Alexanders 2019 (historical).

Connections

Links to

EDT domains (1): D02: Smart Food Systems & Agriculture

Referenced by

EDT domains (1): D02: Smart Food Systems & Agriculture