The beef industry is not only thriving, it is achieving major milestones in its care for people, land and livestock.
An agricultural fund managed by Macquarie Infrastructure and Real Assets (MIRA or the Fund) and Shandong Ruyi (Ruyi) announced an agreement to jointly own Queensland’s Cubbie Station, associated properties and cotton ginnery (Cubbie). The Fund will acquire a 49% stake in Cubbie, with Ruyi to retain 51%.
A new round of the QLD Government’s job-creating Rural Economic Development Grants has opened for expressions of interest.
Australia’s forestry industry continues to show significant signs of growth revealed a new report by the Australian Bureau of Agricultural and Resource Economics (ABARES).
A new ANZ report that reveals the number of farming businesses in Australia has reduced over the past decade by about 5 per cent each year.
Reduced volatility in cattle markets and good rain in south-eastern Australia and the West Australian wheatbelt saw the National Australia Bank (NAB) Rural Commodities Index fall by just 0.1 per cent in May 2019.
“Export earnings are forecast to decline for beef and veal, wool, lamb, mutton and live feeder cattle but strong demand from China and other export markets is expected to help keep prices high.
Minister for Drought David Littleproud says decisions by Rabobank, National Australia Bank and Commonwealth bank to pass on full Reserve Bank interest rate cuts are a victory for many drought stricken farmers.
With the Australian cattle herd at a 20-year low, this year’s (2019) beef market will be heavily influenced by seasonal conditions, with strong upside if seasons improve.
Making tough choices will be central to Australian agriculture’s continued success, according to ABARES Executive Director, Dr Steve Hatfield-Dodds.