A look at what lies in wait for second half of year for farming income
The experts have given their predictions on likely outcomes for grain growers and livestock producers for the second half of 2022 in a just released report Agriculture is one industry that continued to thrive during the first half of 2022 despite at times challenging and volatile conditions affecting many other sectors with the possibility of […]
Fruit and vegetable prices are expected to rise further over the short term
Above average rainfall will drive increased production across most states but produce quality may be impacted as a result The Rural Bank’s Australian agriculture mid-year outlook outlines how a wetter than average winter and low water prices will continue to support above average horticultural output over the coming six months. The Rural Bank’s report says […]
Sheep numbers and sheepmeat production is expected to increase even further
Sheep producers are in a strong position due to a larger flock and strong demand from the US and other export markets Sheepmeat production is forecast to rise in the second half of the year according to the Rural Bank’s Australian agriculture mid-year outlook report. The report goes on to say that supply so far […]
Dairy production to increase slightly as global supply continues to be constrained
Domestic demand is expected to remain robust with 2022/2023 farmgate prices ranging from $8.50–$9.80/kg MS with an average of $9.21/kg MS Dairy production is forecast to see a modest increase for the remainder of 2022 according to Rural Bank’s Australian agriculture mid-year outlook. An extended La Nina period has replenished water supplies and feed […]
Cattle numbers provide basis for beef production to rise in the second half of 2022
Consumer demand is expected to remain firm, while restocker demand is strong but overall cattle prices could marginally ease in second term of 2022 Local beef production is forecast to increase by 4.5% during 2022 according to Meat and Livestock Australia (MLA), as reported in the Rural Bank’s Australian agriculture mid-year outlook. This result is […]
Winter crop production expected to be above average with high global prices
Reduced global supply of cereals will see continued demand for Australian grain into new world markets According to Rural Bank’s Australian agriculture mid-year outlook, estimated wheat production of 30.5 million tonnes is a year-on-year decline of 21% but remains 17% above average. However, it should be pointed out there is wide discrepancy in the estimated […]
Wool supply is set to rise as the national flock increases to 70 million head
With increased supply of wool and steady demand it is expected the best news on price is for it to hold steady With sheep flock size expected to grow beyond 70 million head in the coming year it continues a trend of growing sheep numbers following the easing of the 2019 drought. During 2019 domestic […]
Prepare for borrowing rates cracking through 10% in a new economy being set
It’s a whole new ball game for interest rate charges and while farm loans are still to take their place in this new economy, the interest rate position of banks is clear as CBA announces new interest rates for home loans. CBA has responded today to the Reserve Bank of Australia (RBA) increasing the cash […]