The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.

In 2020, when the Covid-19 pandemic first struck, the government introduced its Instant Asset Write-Off scheme enabling businesses to set off against tax up to A$150,000 (US$107,000) of expenditure on replacing equipment.

That was well received by farmers, as evident…