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 […]
Sustain Life Launches here through a strategic partnership with Planet6
Sustain.Life, the SaaS platform helping companies across industries measure, manage, and report their environmental impact, today announced its first strategic partnership in Australia with Planet6, a cloud-first technology service provider focused on sustainability. This partnership brings together Sustain.Life’s innovative platform and Planet6’s expertise in enabling companies to take meaningful action towards achieving their ESG ambitions, including net-zero […]
The future leaders of agritech share in a $12.3 million bounty over three years
Innovators in the agritech sector have been acknowledged for their contributions to the adoption of on-farm and agri-food supply chain technology at the Australian Agritech Awards Gala in Sydney. The Australian Agritech Awards Gala and associated Investor Networking event was held to highlight recent developments in innovation, commercialisation, adoption, and expansion of Australian agritech, a […]
Commonwealth Bank has responded to the Reserve Bank of Australia’s cash rate decision
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA will increase interest rates across a number of its savings products and will lift its home loan variable interest rates by 0.25% p.a. All savings and home loan variable rate changes announced today will be […]
CSIRO researchers have weighed in with their view on the significance of the possible El Niño conditions warning
Following The Bureau of Meteorology announcement that we can expect to move out of the current neutral phase of the El Niño-Southern Oscillation (ENSO). We have been in a neutral phase of ENSO since the “triple dip” of La Niña over three consecutive years ended earlier this year. The Bureau’s recently released El Niño ‘alert’ follows climate […]
Used Vehicle Price Index shows that models continue to increase in value
Moody’s Analytics has published a report that shows for the second consecutive quarter, seasonally adjusted used-vehicle prices in Australia have increased. In May, they were 2.17% higher than in April and 2.7% higher than at the beginning of the year. However, while the recent strength in the Australian used-vehicle prices can be attributed to a […]
Correction on forecasts called by ABARES as La Nina retreats and El Nino looms
The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier-than-normal conditions after three record harvests during wetter conditions La Nina years. Executive Director of ABARES Dr Jared Greenville said the reduction was to be expected after the records broken in the past three years. “The value of […]
The Reserve Bank of Australia (RBA) lifts rates for a 12th time since May 2022 now 4.1%
Even with the threat of his seven-year term ending on 17 September this year, and hoping for a new tenure, Reserve Bank governor Philip Lowe presided over a board that has increased the official interest rate by 0.25% to 4.1%, a rate not seen at this level since 2012. That takes some grit when so […]
CBA gave a three day reprieve but never the less raises interest rates in line with RBA rate hike
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA has announced it will increase interest rates across a number of its savings products, and will lift its home loan variable interest rates by 0.25% p.a. All savings and home loan variable rate changes announced today […]