The Government has pulled no surprises out of the bag for the rural sector in the Budget.
Initiatives such as a funding boost for new irrigation schemes were unveiled in pre-Budget announcements.
Federated Farmers says the lack of electoral lollies in the Budget is refreshing. Its economist, Nick Clark, says while the moves are modest but they're in the right direction.
Changes have been signalled, however, in an area that will have a direct bearing on farmers' tax payments.
In valuing livestock for tax purposes, farmers generally use either the herd valuation scheme or the national standard cost scheme.
At present, says Revenue Minister Peter Dunne, the rules allow them to switch between the two options - but that means, he says, that increases in market valuations can go untaxed while lower valuations earn tax deductions.
Mr Dunne says the Government is looking at how to make the rules fairer, and will release consultation documents later in the year.
Canterbury farm accountancy specialist Pita Alexander says he's been expecting such a review.
He says the livestock valuation system is complex and while it can produce significant tax gains, it can also catch people out.
Mr Alexander says one option open would be to extend the time period for moving back from the herd scheme to the national standard cost scheme.