Rabobank announces support for farming clients affected by Queensland floods

Rabobank has announced a package of support measures that will be made available to farming clients dealing with the impacts of devastating floods in outback Queensland. Rabobank group executive Country Banking Marcel van Doremaele said the specialist agribusiness bank stood ready to assist clients who are contending with an unprecedented scale of flood water across […]

Labor plays tit for tat as it nullifies the Coalitions instant asset write-off pledge

CPA Australia today welcomed Labor’s pledge to extend the $20,000 instant asset write-off by 12 months, but noted the measure remained much too politicised.  CPA Australia Business Investment Lead Gavan Ord said the pledge meant that SMEs with revenue up to $10 million a year would have 12 months of additional certainty.  “We are pleased […]

Trump tariffs to hit Victorian businesses the hardest

The Victorian Chamber of Commerce and Industry is warning of significant consequences for Victorian exporters, particularly in agriculture, food production and manufacturing, following the United States introducing a 10% tariff on all Australian goods. Victoria is Australia’s largest food and fibre exporter, accounting for 24% of the national total in 2022-23. The U.S. is a […]

NSSN funding grants of $360,000 matched by a further $430,000 in industry partnerships

Grants have been awarded for next generation ‘Fitbits’ to track the health of livestock, and a device that will accurately identify mould spores in homes, with in addition a technology that can potentially degrade the ‘forever chemical’ PFAS in water in just six minutes. Four collaborative teams across NSSN’s member universities have secured funding in […]

Deere reports first quarter 2025 net sales and revenue decrease of 30%

Deere & Company reported net income of US$869 million for the first quarter ended 26 January 2025, compared with net income of US$1.751 million for the quarter ended 28 January 2024. Worldwide net sales and revenues decreased 30% to US$8.508 billion, in the most recent quarter. Net sales were US$6.809 billion for the quarter, compared with US$10.486 […]

Apprentice Incentives of $10,000 leaves key industries behind

According to the Independent Tertiary Education Council Australia (ITECA), the Australian Government’s announcement of a $10,000 incentive payment to attract apprentices into the residential construction and clean energy sectors is a positive step for those industries but falls short of addressing the significant skills shortages felt by businesses across the Australian economy. The Independent Tertiary […]

Emissions grants available through the Carbon Farming Outreach Program for farm businesses

Farmers will soon be able to access commodity-specific information to enable them to make decisions on reducing emissions for their businesses through an Australian Government grant initiative. As part of the Carbon Farming Outreach Program, more than $1.8 million in Gap Analysis grants will be available to Research and Development Corporations. The program aims to […]

RBA Governor shows true grit to keep rates on hold at a base rate of 4.35%

At this time in 2023 with the distraction of the general public watching the running of the 163rd Melbourne Cup the Reserve Bank of Australia Board (RBA) took a swipe at lingering inflation by raising the base cash rate by 0.25% to a 12 year high of 4.35%. It was the first meeting of the […]