The Reserve Bank of Australia (RBA) with a new Governor decides to… do nothing
With the former Reserve Bank governor Philip Lowe ending his seven-year term on the 17 September, and with the appointment of Michele Bullock to the position, it was generally anticipated that the first meeting held today under the auspices of the new RBA governor would be one pencilled in for a soft landing. And a […]
Farmers in Labor’s new superannuation firing line according to the Nationals
Labor’s superannuation changes are set to disproportionately impact family farms held in self-managed super funds (SMSF) if they exceed new thresholds. Leader of The Nationals David Littleproud said family farms, particularly where their properties are in a SMSF, would be hit the hardest by Labor’s superannuation tax grab. David Littleproud said the changes would allow Labor to […]
Have your say on Commonwealth fisheries policies view the consultation paper
The Australian Government has opened public consultation on the effectiveness of two key policies behind the management of Commonwealth fisheries. The Commonwealth Fisheries Harvest Strategy Policy and the Commonwealth Fisheries Bycatch Policy set the standards for sustainable harvesting of our fisheries resources to maximise benefits to the Australian community. Assistant Secretary for Fisheries George Day […]
Driest September on record reshapes expectations for some farm operations
Australia’s driest September on record, aided by a persistent positive anomaly of mean sea level pressure that resulted in cloud-free conditions for most of the country. September was also one of the driest months overall since observations began in 1900. Temperatures gauge The national mean temperature was 2.43 °C above average for September, the third-warmest on record […]
Farmgate produce commodity prices for September 2023
Here are the prices available at 28 September 2023 for local farm produce plus select US and world market prices Current indicators – 28 September 2023 Indicator Week ended Unit Latest Price Previous Week Weekly change Price 12 months ago Annual change Selected world indicator prices AUD/USD Exchange […]
Winners and grinners revealed but it’s all over like red rover at Diggers & Dealers 2023
Australia’s biggest export industry earners, miners, gathered for their annual three-day extravaganza to tell everybody that would listen, just what the future holds. After the lithium extravaganza on Day 1, the next day’s thematic at the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder reverted to Forrest Gump’s favourite box of chocolates. Life at Diggers can […]
Used vehicle prices return to reality as they continue to fall in price according to latest industry report
Following the stratospheric price increase for used vehicles during the COVID-19 pandemic, it appears that has all come to an end with seasonally adjusted used-vehicle prices continuing to fall in Australia. Increased global production of new vehicles is improving supply, albeit at a glacial pace, alleviating price pressures in the used-vehicle market. According to Moody’s […]
Kawasaki distribution in New Zealand comes back into the parent company fold
Kawasaki Motors Limited (Japan) has signalled it will take over the distribution of Kawasaki products directly into the New Zealand market through its Australian division. This move is part of Kawasaki’s global strategy to manage product distribution under one main company division. Kawasaki Products have been distributed by Lyntec Holdings for the past seven years […]
Strong growth for broadacre farmland prices results in assets almost doubling since 2020
The average price of broadacre farmland per hectare has almost doubled over the last three years, increasing by 93% from 2020 to 2023. Recent growth in farmland prices has been extraordinary, and likely reflected a combination of factors including low-interest rates, recent good commodity prices and seasonal conditions, and increased demand for land in general. […]
Biosecurity regulatory fees and charges ramp up for importers from 1 July 2023
The Federal Government is changing the charge structure for Australia’s biosecurity system and as a result, charges for importers will in some cases increase beyond an average of 28%, and as a result will raise an additional $35 million in revenue in 2023-24 These changes are part of a $1.03 billion sustainable funding package that […]