High global prices boost local producers
Australia is expected to see above average levels of winter crop production in 2021-2022, with climate conditions and high global prices set to make this season bountiful for many of the country’s producers. According to the latest ABARES, Australian crop report for Junes, winter crops are forecast to reach well above national averages, though there will be different levels of production across different regions.
Stars align for Australian agri sector
Farmers believe 2021 is shaping up to be an “instrumental” year in the long-term prosperity of the Australian farming sector, as commodity prices and seasonal conditions buoy confidence across the country. Despite a small fall from the previous quarter, Rabobank’s latest quarterly Rural Confidence Survey showed almost 90% of Australian farmers are expecting the “generally excellent” business conditions currently being experienced in the agricultural sector to either continue or improve over the year ahead.
Williams acquires 718ha Sorell Creek
Agribusiness identity David Williams has added to his rural portfolio with the $3 million acquisition of Sorell Creek, spanning 718 hectares on the Derwent River north of Hobart. About 19 kilometres from the capital, the property reportedly may be used by Williams for sheep or salmon farming, and as a future land bank play. It previously held a permit for a 43 lot subdivision. About 241 hectares is zoned for rural living.
NT pastoralists offload central Australian farm
Northern Territory pastoralists Roy and Janet Chisholm have sold a central Australian farm for $6.1 million to Caason Group. The 1,047-hectare Oolloo Farm, which produces irrigated hay, sits 200kms north of Alice Springs and included a 1,000-megalitre per year water extraction licence, as well as six centre pivots.
Wind to power 108 Woolworths supermarkets
Woolworths Group is buying into wind in its first renewable power purchase agreement (PPA) as the group moves towards 100% green electricity by 2025. The PPA of a newly built NSW wind farm will add 195,000 Megawatt hours of green electricity into the state’s energy grid every year and will power around 30% of Woolworth’s energy needs in the state.
Chinese demand for Australian beef still strong
Australian Property Journal. Low cattle supply across the country is a major driving force in the current tight conditions in the global beef cattle market. According to the Rabobank Q2 Beef Quarterly report, the beef market is so tight, with growing demand, that localised disruptions, including conditions in Australia, are having a far greater impact on trade and prices than typically seen.
