NHVR and LBRCA say we should share the road this National Farm Safety Week
The National Heavy Vehicle Regulator (NHVR) and Livestock, Bulk and Rural Carriers Association (LBRCA) is encouraging all road users to share the road with agricultural vehicles and machinery this National Farm Safety Week (18-24 July 2022). The message targets a reduction of regional road crash fatalities in Australia, as the risk of a person being killed […]
Rising prices and return to work lift consumer spending in June but higher interest rates making an impact
Consumer spending measured by the CommBank HSI Index rose by a modest 0.9 per cent in June to 117.3%, while there was clear evidence of weaker discretionary spending following the recent interest rate hikes. The marginal rise in the index – which combines Commonwealth Bank of Australia (CBA) payments and lending data and Google Trends […]
Nationals Leader and Shadow Minister for Agriculture says Labor must act now on catastrophic FMD threat
The Albanese Labor Government must urgently implement stronger measures to protect Australia against the catastrophic threat of foot and mouth disease (FMD) according to The Nationals Leader and Shadow Minister for Agriculture, the Hon David Littleproud MP. Mr Littleproud accused the Labor Government of being indecisive in its approach to the introduction of critical biosecurity […]
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 […]
H2Gro claims it will become Australia’s first industrial scale producer of green fertiliser
H2Gro has launched today with ambitions to develop Australia’s green fertiliser industry and expects to have a commercially operating production facility by Q4 2023. The company was formed after seeing the impact of the global shortage in fertilisers which has led to subsequent price increases and is threatening the supply chain for Australian farmers. “To combat […]
Super payments turn 30 with a boost from employer contributions to 10.5%
About 7 million workers will benefit from a boost to their super nest egg as employers stack up another 0.5% this month as the super guarantee rate increases to 10.5%, another step on the way to 12% super. From 1 July 2022 an extra $312 a year will flow into the super accounts of the […]
CBA first to respond to the Reserve Bank of Australia’s cash rate increase
The Commonwealth Bank of Australia (CBA) has advised in light of the Reserve Bank of Australia’s (RBA) cash rate decision on 3 May 2022, CBA will increase home loan variable interest rates by 0.25% p.a. And while the CBA has become the first major bank to pass on the rate rise, all four big banks […]
CPI in March 2022 quarter shows highest year-on-year food price inflation in more than 10 years
The quarterly Consumer Price Index data from the Australian Bureau of Statistics, released today, shows food price inflation accelerated in the March 2022 quarter, with food prices recording the highest year-on-year rise in more than 10 years. And consumers should be bracing for further food price rises in coming months, as the impacts of higher […]
Future Drought Fund: Round two of grants to build community drought resilience
Regional communities across Australia will share in $3.1 million for 60 projects that will help prepare for drought under the Federal Government’s Future Drought Fund Networks to Build Drought Resilience program. The 60 grants have been awarded across Australia and range from $10,000 to $150,000 to support community projects to build local drought resilience. The […]
AGCO Agriculture Foundation donates $100,000 to Ukraine emergency relief
The AGCO Agriculture Foundation (AAF), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development has announced a $100,000 donation to the World Food Program USA (WFPUSA). The donation will support the United Nations World Food Programme (WFP) emergency relief efforts to provide food assistance for families affected by the conflict inside Ukraine […]