Tuesday, April 30, 2013

AFR articles following-up on Farm Finance package announcement

View the AFR article 'Farmers nationwide in serious trouble' here.

View the AFR article 'A hard line on loans' on Hunt Partners'website here.

Monday, April 29, 2013

Congratulations to the Federal Government, Bob Katter and Members of the Rural Debt Roundtable

The Federal Government, Bob Katter and the Members of the Rural Debt Roundtable Working Group and its Chairman Rowell Walton should all be congratulated for the Farm Finance package that was announced over the last weekend in response to the current Rural Debt Crisis.

Wednesday, April 24, 2013

FARMERS ON THE MARCH OVER RURAL DEBT CRISIS

In the last year there have been a series of Rural meetings called to deal with the potentially calamitous Rural Debt Crisis starting with the meeting organised by the Richmond Mayor John Wharton as a consequence of the forced sale of his Queensland North Western property Runnymede at the middle of last year. This in turn led the convening of a Rural Debt Roundtable meeting by Bob Katter, Treasurer Wayne Swan, Federal Agricultural Minister Joe Ludwig and prominent Queensland pastoralists, in Brisbane in October last year. Reports on the Rural Debt Roundtable meeting can be read here.

The Global Food Forum

The Global Food Forum meeting convened by VISY’s Chairman Anthony Pratt in conjunction with the Australian Newspaper and the Wall Street Journal held in Melbourne on Thursday 18 April 2013 called for a change in approach and policy for Australian Agriculture to take advantage of opportunities arising in Asian food bowl emphasising the need for innovation and a “massive mind set change” so that Australia can see itself in the middle of an Asian region where 6 billion people are making their aspirations come true.

Friday, April 12, 2013

INEPT POLICIES THREATEN FARMING FUTURE: BUSINESS ACADEMIC

A Queensland business academic has pointed the finger at mounting rural debt and ineffective policy decisions as reasons for the failure of the Australian agricultural industry [View Here]

RMAC COMMISSIONS AN INDEPENDENT REVIEW OF RED MEAT INDUSTRY SERVICE PERFORMANCE

The Red Meat Advisory Council has commissioned agriculture and natural resources consultancy GHD to conduct a sweeping independent review of the performance of the red meat & livestock industry [View Here]

NAPCo reports loss of $5.68m for year, as dry bites

Mandatory financial reporting provided to the market by one of the North Australian Pastoral Company's largest shareholders reveals a tougher 12 months for one of the nation's larger corporate-scale beef producers.

Read the Beef Central article here.

INDUSTRY FAILURE: INCREASING CATTLE PROPERTY DEBT AND FALLING VALUES

The Land newspaper has reported a major recapitalisation of the agricultural industry as two properties in the Northern Territory and Queensland, representing a $50 milllion debt, have been placed into receivership [View Here]

Thursday, April 11, 2013

$5/kg liveweight for cattle observed in Chinese market visit

Liveweight cattle prices of $5/kg and carcass prices of $9.50/kg were just some of the startling observations seen during a recent agricultural study tour to China.

Read the Beef Central article here.

Tuesday, April 9, 2013

COLLAPSE OF AUSTRALIAN CATTLE PRICES

Australian real cattle prices have crashed to unsustainable levels while overseas producers are enjoying record highs.

BEEF 2015 & BEYOND - CATTLE COUNCIL STRUCTURAL REFORM


For the last 18 months the Cattle Council of Australia has been struggling to find a solution for its funding needs and the need to develop a reformed structural model to deliver  long term sustainable national representation for Australian grass fed producers.

DRAMATIC DROP IN U.S. BEEF PRODUCTION FORECAST

An article by Jon Condon reveals a decrease of 0.9% (505,000 tonnes) in the projected US domestic beef production for the remainder of 2013 [View Here]

CATTLE CATCHMENT AREA FOR MSA GRADE BEEF VASTLY EXPANDED

Jon Condon reports that beef transported for 48 hours from property of origin to slaughter will now be able to achieve MSA grading, instead of the previous 24 hour limit [View Here]

PUBLIC CONSULTATION OPENS ON NEW CATTLE AND SHEEP WELFARE STANDARDS


The Australian Animal Welfare Strategy has opened public consultation [View Here] on the drafts of the proposed Animal Welfare Standards and Guidelines for cattle and sheep.