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NEWS
UPDATED 31 MARCH 2007
INDEXOCT 06NOV 06DEC 06JAN 07FEB 07MAR 07LATEST

31 Oct 2006 | Outlook bright in northern Australia
Australian Agricultural Co said its operations were largely unaffected by the dry conditions. ...... FULL STORY

31 Oct 2006 | Cattle prices fall 30 per cent
The East Coast Young Cattle Index, a market indicator of Australian cattle sale prices, has slumped from $3.80 per kilo in August to a 3 1/2-year low of $2.67 earlier this month, a decline of almost 30 per cent. ...... FULL STORY

31 Oct 2006 | Cotton crop 40 per cent smaller
Queensland Cotton Holdings said there was the possibility that Australia's 2006/07 cotton crop may fall by more than one million bales to 1.5 million bales, and the smallest crop in a decade. ...... FULL STORY

31 Oct 2006 | Payroll tax relief for bush businesses
The New South Wales government will provide a $1 million payroll tax relief package for small businesses in the bush and more help for families to pay their household expenses, including utilities bills. ...... FULL STORY

30 Oct 2006 | Little rain likely before autumn
The National Water Commission said in its October outlook that there was little prospect of any major relieving rainfalls by the end of this calendar year. ...... FULL STORY

30 Oct 2006 | This drought more like 1982 than 2002
The Australian Bureau of Agricultural and Rural Economics predicted the combined wheat, barely and canola crops will struggle to make 13.6 million tonnes, the smallest yield since the 12.1 million tonnes during the 1994/95 drought... ...... FULL STORY

30 Oct 2006 | Central Queensland may return reasonable yields
The entire grain belt in New South Wales is drought-declared and total crop failures are likely in many areas. ...... FULL STORY

30 Oct 2006 | Banana crop getting back to normal
Banana growers in far north Queensland shipped 100,000 cartons last week, up from 40,000 cartons a week in July. ...... FULL STORY

30 Oct 2006 | Small business ignore financial aid
Operators of small businesses in farming regions affected by the drought are campaigning for financial assistance similar to the interest rate subsidies paid to farmers. ...... FULL STORY

27 Oct 2006 | Cubbie defends use of upper Darling water
The operators of Cubbie Station, a cotton farm in south-west Queensland, said the farm extracted only 25 per cent of all water drawn from the Lower Balonne River, one of the headwaters of the Daring River. ...... FULL STORY

27 Oct 2006 | WA growers take on AWB
Western Graingrowers predicted that most wheat growers in Western Australia would choose to sell their wheat to CBH for export rather than AWB. ...... FULL STORY

27 Oct 2006 | Weather bureau maintains dry forecast
The Bureau of Meteorology said in its latest seasonal outlook the chances of above-average rainfall is now as low as 25 to 30 per cent over large areas of eastern NSW. ...... FULL STORY

27 Oct 2006 | ABA frets over small business in the bush
The Australian Bankers Association says its members have few concerns about the viability of farmers, but hold concerns about the financial health of small businesses and contractors who rely on them. ...... FULL STORY

26 Oct 2006 | Dairy Farmers aims to be number one
Dairy Farmers, a producer cooperative, said it would press ahead with plans to become a public company by June 2008. ...... FULL STORY

26 Oct 2006 | Wheat crop likely to be grim
Wheat exporter AWB cut its forecast wheat production for this financial year to between nine and 11 million tonnes, down from the September estimate of 12 to 15 million tonnes. ...... FULL STORY

26 Oct 2006 | Fruit prices continue to rise
The latest consumer price index released by the Australia Bureau of Statistics confirms that fruit prices are continuing to rise. ...... FULL STORY

26 Oct 2006 | Oversupply cuts prices
Peter Weeks, chief market analyst at Meat and Livestock Australia, says that since the September quarter of last year cattle prices have fallen by 12 per cent and lamb prices by 14 per cent. ...... FULL STORY

25 Oct 2006 | Cost of chicken feed escalates
The Australian Chicken Meat Federation said an 80 per cent increase in grain prices was likely to drive up prices as well as cut production. ...... FULL STORY

25 Oct 2006 | Milk production likely to decline
Dairy Australia said growth in milk production in 2006/07 is likely to be slight at best. ...... FULL STORY

25 Oct 2006 | More drought aid for farmers and banks
The Australian government’s latest package of assistance for farmers in drought-affected areas has a couple of ramifications for banks. ...... FULL STORY

25 Oct 2006 | Drought relief covers half of all farmland
Financial aid from the federal government for farmers is likely to apply to farmers more than half the agricultural land in Australia. ...... FULL STORY

24 Oct 2006 | Dairy farmers ship yearlings to Tasmania
Victorian dairy farmers are sending hundreds of dairy cows and yearlings, comprising their best breeding stock, to Tasmania. ...... FULL STORY

24 Oct 2006 | Contractors may defer some tax payments
Additional drought relief measures rumoured to be announced by the federal government later this week include a deferral of tax payments for contractors... ...... FULL STORY

24 Oct 2006 | New plantations mostly hardwood
A study by the Bureau of Rural Sciences report shows Australia's plantation area increased to 1.74 million hectares last year, comprising 900,000 hectares of softwoods and 740,000 hectares of hardwood. ...... FULL STORY

24 Oct 2006 | CBH aims to buy half WA wheat crop
Bulk grains handler CBH will offer wheat farmers about $270 a tonne for their wheat, and plans to sell the wheat to customers in Indonesia and Malaysia. ...... FULL STORY

23 Oct 2006 | More drought aid may be paid as grants
The federal government may pay small infrastructure grants to farmers under an extended package of measures to provide financial relief during the drought. ...... FULL STORY

23 Oct 2006 | Pipeline underway to Mallee
Construction will start next month on the first stage of the Wimmera Mallee water pipeline. ...... FULL STORY

23 Oct 2006 | Modest rise in water prices
The national index of prices for water entitlements, or Waterdex, has increased five per cent over the last 12 months, to an average price of $875 per megalitre. ...... FULL STORY

23 Oct 2006 | National water market a dream
More than 20,000 state rules and regulations blunt the operation of the market for water. ...... FULL STORY

20 Oct 2006 | Dams inflow plummets in WA
A 21 per cent decline in rainfall in parts of Western Australia translates to a 64 per cent decline in water run-off, leading to a halving of inflow into dams in the south-west, including Perth, since 1994. ...... FULL STORY

20 Oct 2006 | Debate over dry cycles
George Warne, head of Murray Irrigation, said he believed the current dry spell was cyclical as much as due to global warming, based on his family’s farming records dating back to the 1880s. ...... FULL STORY

20 Oct 2006 | Quarantine review mechanisms revised
Any “import risk analysis”, or IRA, must now be completed within 24 months, though an “expanded” assessment would be allowed 30 months under new regulations. ...... FULL STORY

19 Oct 2006 | Meatworks put farmers on waiting lists
Many meatworks have put farmers on waiting lists, while others have stopped quoting over-the-hooks prices as abattoirs face a glut of cattle and sheep. ...... FULL STORY

19 Oct 2006 | Slight increase in water allocations on Murray Goulburn
Goulburn-Murray Water said it would increase water allocations, even though inflows are near an all time low. ...... FULL STORY

19 Oct 2006 | Twelve per cent of farmers seek drought aid
Nearly 15,000 of Australia's 130,000 farmers have received interest rate subsidies under exceptional circumstances assistance. ...... FULL STORY

18 Oct 2006 | Most WA farms miss out on drought relief
More than 61,000 square kilometres of farmland in the Western Australia’s wheat belt is in drought after the driest winter on record. ...... FULL STORY

18 Oct 2006 | Bourke and Brewarrina farmers advised to walk off the land
Wentworth Group convenor and scientist Peter Cullen said farmers working marginal farm land, such as that around Bourke and Brewarrina in western New South Wales, should accept that parts of Australia are perpetually dry and unsuitable for farming. ...... FULL STORY

18 Oct 2006 | Stone fruit yields suffer in Tasmanian frost
Apple, cherry and stone fruit yields in Tasmania may be halved after severe frosts this week. ...... FULL STORY

18 Oct 2006 | AWB may cut marketing fee
AWB may reduce its $65 million marketing fee to temper the anger of many farmers. ...... FULL STORY

17 Oct 2006 | Drought relief extended to March 2008
The federal government will extend income support and interest rate subsidies for irrigators, dry land farmers and dairy farmers in 18 “exceptional circumstances” declared areas in Victoria, NSW, Queensland, South Australia until March 2008. ...... FULL STORY

17 Oct 2006 | Howard won’t pay farmers to leave the land
The Prime Minister said farmers would not be paid to leave the land. ...... FULL STORY

17 Oct 2006 | Drought aid ignores futility of farming on the margins
Professor Peter Cullen, a water ecologist and member of the Wentworth Group of Concerned Scientists and a board member of the National Water Commission said... ...... FULL STORY

17 Oct 2006 | Cubbie Station out of water
Cubbie Station, the controversial cotton farm with a vast water storage in Queensland’s south-west, has hardly any water. ...... FULL STORY

17 Oct 2006 | Banks may be overextended to drought-stricken farmers
Farmers across Australia are preparing themselves to deal with severe drought conditions and so are their bankers. ...... FULL STORY

17 Oct 2006 | Farmers dip into their deposits
Balances held under the Farm Managed Deposits scheme have fallen from a peak this decade of $2.8 billion in June 2005 to the current level of $2.4 billion, indicating that farmers are using their savings to cope with loss of income caused by drought. ...... FULL STORY

16 Oct 2006 | Dairy farmers cull herds
Milk production may fall by between 10 and 15 per cent, the United Dairy Farmers of Victoria said, as dairy farmers send their less reliable cows to abattoirs. ...... FULL STORY

16 Oct 2006 | Feedlots filling up
Most feedlots in Queensland, northern New South Wales, Victoria and South Australia are almost at capacity, the Australian Lot Feeders Association said. ...... FULL STORY

16 Oct 2006 | Murray Darling water storages may be dry in a year
The total capacity of water storages in the Murray Darling basin stands at 34 per cent of capacity as at the middle of spring. ...... FULL STORY

16 Oct 2006 | AWB halves forecast
AWB said it cut its forecast for the summer wheat harvest to between 12 million and 15 million tonnes. ...... FULL STORY

16 Oct 2006 | No distressed farm sales yet
Real estate agents say there is no evidence yet of distressed sales by farmers due to the drought. ...... FULL STORY

13 Oct 2006 | Carry-on finance an option for stronger farms
The Australian Bankers Association, said last night that banks were prepared to deal with farmers on a case by case basis. ...... FULL STORY

13 Oct 2006 | Milk processing plants may close
Fonterra said there was still excess capacity in milk production in Australia and that returns were too low. ...... FULL STORY

13 Oct 2006 | SA harvest underway early
Harvesting of barley is under way a month early in some districts of South Australia, as those farmers who can harvest crops. ...... FULL STORY

13 Oct 2006 | Drought relief rules eased
Farm communities will be able to receive government drought assistance continuously for up to 18 months rather than having to reapply as often as every five months. ...... FULL STORY

13 Oct 2006 | Most catchments in a parched state
A report by the Department of Primary Industry shows that catchment areas are far worse off than previously thought and that even heavy rain in coming months would be insufficient to provide adequate irrigation for many areas. ...... FULL STORY

13 Oct 2006 | Wine grape surplus reduced by drought
A smaller vintage, due to the drought, will allow wine makers to clear a billion-litre surplus. ...... FULL STORY

12 Oct 2006 | Shoppers pay huge margins for fresh produce
Mark-ups on fresh food at supermarkets are at least 40 per cent and often more than 100 per cent. ...... FULL STORY

12 Oct 2006 | Hand-outs only farm income this season
Treasurer Peter Costello said many farmers would not earn any income this season and that this may be the worst drought ever. ...... FULL STORY

12 Oct 2006 | Timber plantations flatten local economies
Agribusiness consultancy Mike Stephens & Associates argued in a report that 35 per cent of managed investment scheme income comes from government assistance. ...... FULL STORY

12 Oct 2006 | Egg producers lose cost advantage
Rising grain prices are forcing up the price of eggs. ...... FULL STORY

11 Oct 2006 | Water availability critical for cotton crop
Namoi Cotton Co-operative said the 2007 season would be affected by the continuing drought conditions. ...... FULL STORY

11 Oct 2006 | Drought tightens finances
Westpac forecast that farm incomes will fall 60 per cent this year to their lowest level since 1994. ...... FULL STORY

11 Oct 2006 | Banana smugglers nabbed
Some NSW banana growers have been caught trying to profit from Victoria's high prices. ...... FULL STORY

11 Oct 2006 | Wheat prices break another record
Wheat prices jumped for a second day to a 10-year high. ...... FULL STORY

11 Oct 2006 | $29m a month spent on farm family support
The federal government said it he had written to banks and financial institutions asking them to be sympathetic to the plight of farmers during the drought. ...... FULL STORY

10 Oct 2006 | AWB price premium an illusion
A report by Towers Perrin to AWB says that the claimed “premium” of $13 a tonne earned by AWB for wheat growers from its export monopoly is illusory. ...... FULL STORY

10 Oct 2006 | Oversupply crushes yield from wine exports
The Australian Wine and Brandy Corporation said export volumes increased by seven per cent to 738 million litres for the year to September 30. ...... FULL STORY

9 Oct 2006 | Bleak outlook worsens for summer crop
Agribusiness analyst ProFarmer said Australia was headed for one of its worst crop harvests ever. ...... FULL STORY

9 Oct 2006 | WA farmers unite against AWB
Grain farmers, or at least their lobbies, in Western Australia are uniting to call for AWB to lose its monopoly over wheat exports. ...... FULL STORY

9 Oct 2006 | McLaren Vale yields superior returns for grape growers
In a comparative review of the wine grape growing regions of McLaren Vale in South Australia and the Riverina in southern New South Wales, ABARE said the average area planted to vines in the McLaren Vale region was 19.5 hectares.... ...... FULL STORY

6 Oct 2006 | SunRice offers price guarantee
SunRice, which buys most of Australia's rice crop, said it would guarantee a minimum of $320 per tonne for the summer rice harvest. ...... FULL STORY

6 Oct 2006 | Farmers shift stock in record numbers
Wagga Associated Agents said the number of stock sold over the last six weeks were at record levels, including 67,000 sheep and 6,000 cattle sold on one day this week. ...... FULL STORY

6 Oct 2006 | CBA plans quick growth in agribusiness
Commonwealth Bank said it set itself a goal of overtaking National Australia Bank within two years as the largest bank in the agribusiness sector. ...... FULL STORY

6 Oct 2006 | Short-lived recovery in wool prices
Woolmark said prices should recover by between five to 10 per cent in the next three months. ...... FULL STORY

6 Oct 2006 | Bleak choice for dairy farmers
The average dairy farmer in northern Victoria would lose $52,000 if they chose to send their cows away on agistment, in light of minimal water rights this summer. ...... FULL STORY

6 Oct 2006 | Goulburn water eight times more expensive
Goulburn Murray Water told farmers in the Shepparton region of northern Victoria they would get only 21 per cent of their usual allocations. ...... FULL STORY

5 Oct 2006 | Shearers push for four per cent pay rise
The Shearers and Rural Workers Union is seeking a four per cent pay rise that would take the rate for shearing 100 sheep to $218.31 under the Federal Award. ...... FULL STORY

5 Oct 2006 | Last puff for tobacco growers
Cigarette manufacturer Philip Morris is expected to make a buy-out offer for its remaining contracts with growers. ...... FULL STORY

5 Oct 2006 | Crop forecasts slumps in SA
The Primary Industries and Resources Department forecasts a grain crop in South Australia of 3.2 million tonnes, with a value estimated to be down $700 million on the $1.4 billion expected before drought conditions developed. ...... FULL STORY

5 Oct 2006 | Milk co-op seeks buyers
Tatura Milk co-operative is likely to demutualise and potentially pay a capital return to 260 farmer members. ...... FULL STORY

4 Oct 2006 | Little chance of a break in the drought
The federal agricultural minister Peter McGauran said his advice was that there was only a five per cent to 10 per cent chance of drought-breaking rains before summer. ...... FULL STORY

4 Oct 2006 | Beef herd rebuilding at an end
ABARE said Australian cattle numbers have increased consistently since the 2002/03 drought, and estimated the beef cattle herd at June 2006 to have been approximately 25.5 million. ...... FULL STORY

4 Oct 2006 | Beef profits lower in 2006
ABARE said average farm cash income for broadacre beef producers rose slightly in 2004/05 to just over $61,000 per farm on the back of rising prices. ...... FULL STORY

4 Oct 2006 | Live cattle exports to Egypt resume
Live cattle exports to Egypt will resume after a seven-month ban prompted by animal cruelty claims at an Egyptian abattoir. ...... FULL STORY

4 Oct 2006 | Interest rate relief reprieved
The federal agricultural minister Peter McGauran said he agreed only in principle to recommendations that the government remove interest rate relief as a core element of the financial assistance available at times of drought. ...... FULL STORY

3 Oct 2006 | Cuts likely to high-security water rights in Murray-Darling basin
The Murray Darling Basin Commission warned that drought conditions mean the Murray River's storage system "could be drawn down to very low levels" by the end of the 2006/2007 water season. ...... FULL STORY

3 Oct 2006 | Plantation timber earns higher returns
Hardwood plantations negotiated higher prices from woodchip buyers in Japan, while Gunns, the chief producer of woodchips from timber logged from native forests, must endure a price freeze and a cut in volume. ...... FULL STORY

3 Oct 2006 | Stone fruit prices likely to double
Growers of pears, apricots and plums may receive about twice as much for their produce as they did last year due to the loss of many fruit to frosts in Victoria last week. ...... FULL STORY

3 Oct 2006 | Early start to fire restrictions in Victoria
Fire restrictions will come into force in some areas of Victoria in mid October, weeks earlier than normal. ...... FULL STORY

3 Oct 2006 | A wet September in coastal Queensland
A number of weather stations broke monthly rainfall records in the northern Peninsula and north tropical coast during September. ...... FULL STORY

3 Oct 2006 | South Australian farm incomes above average
Farm cash incomes for South Australian broadacre farms fell sharply in South Australia in 2004/05, reflecting the combination of lower winter crop production, lower grain prices and lower wool prices. ...... FULL STORY

3 Oct 2006 | Eyre Peninsula farm values maintained
Rates of return excluding capital appreciation have been modest in the past two years for farmers in the Eyre Peninsula of South Australia. ...... FULL STORY



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