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NEWS
UPDATED 31 JULY 2009
INDEXFEB 09MAR 09APR 09MAY 09JUN 09JUL 09LATEST

27 Feb 2009 | Crop farmers under pressure
The area sown to crops this year in south eastern states could be cut by half because of continuing dry conditions says Grain Growers Association chairman John Eastburn. ...... FULL STORY

27 Feb 2009 | Drought cash will not dry up says Burke
The federal government has rejected a productivity commission recommendation to end the current system of drought income support for farmers. ...... FULL STORY

27 Feb 2009 | Investors savage indebted AWB
Wheat exporter AWB''s share price has collapsed from $2.40 to 86 cents since February 10 when it issued a grim trading update. AWB investors are concerned about $1 billion worth of debt the company has to refinance by the end of May. ...... FULL STORY

26 Feb 2009 | Woolworths donation hides big beef margins
The retail mark-up on Australian beef has increased substantially over the last seven years while farm gate prices to beef producers has remained the same says the Australian Beef Association. ...... FULL STORY

26 Feb 2009 | Run on top end cattle stations continues
Top End rural property deals worth more than $450 million are now underway *or* have been completed in the last two months. More than one billion dollars of land deals are underway in northern Australia if deals in north Queensland are included. ...... FULL STORY

26 Feb 2009 | Milk price down, cheese under pressure
Bega and Tatura Milk Industries suppliers in NSW have been notified of a cut in farm gate milk prices of 14 per cent to 46 cents per litre. Bega suppliers in Victoria and South Australia received notice of a price cut last month. ...... FULL STORY

25 Feb 2009 | AWB''s Iraq affair back in court
The corporate regulator, ASIC has lost a bid to have civil proceedings against former AWB chief executive Andrew Lindberg heard in conjunction with court actions against five other former AWB directors and executives including Trevor Flugge. ...... FULL STORY

25 Feb 2009 | Meat to get boost from ASEAN free trade agreement
Beef and sheep meat exporters can expect a boost in demand from East Asian countries as a result of the signing of the ten member ASEAN free trade agreements on Friday. ...... FULL STORY

24 Feb 2009 | ETS to hit beef hard
Beef farmers would be the big losers if agriculture is included in the emissions trading scheme says a new report from the Centre for International Economics. ...... FULL STORY

24 Feb 2009 | Governments urged to buy back fire prone land
The state government must buy back fire prone land in order to prevent future loss of life says RMIT''s Environment Planning Group leader Michael Buxton. ...... FULL STORY

24 Feb 2009 | Rural property sales and values slide
The number of rural properties sold for more than $1.5 million in NSW last year fell to 550 from 900 in 2007 according to valuer Herron Todd White. ...... FULL STORY

24 Feb 2009 | Competition boosts demand for Aussie wheat
Demand for Australian wheat has increased since the single desk export arrangement was scrapped on July 1 2008 says Ted Woodley, chairman of regulator Wheat Exports Australia. ...... FULL STORY

23 Feb 2009 | Buffalo fly menace rises after rain
Cattle on the Atherton Tableland region in Queensland are significantly worried by buffalo fly which have increased in numbers after recent rains. ...... FULL STORY

23 Feb 2009 | Sugar, beef hit by Queensland floods
Twenty per cent of the sugar industry in Queensland has been destroyed by widespread floods that have only just now begun to recede. ...... FULL STORY

23 Feb 2009 | Meat prices up
For the first time in 2009, national saleyard prices for cattle and lamb increased last week. Yardings were down 28 per cent in NSW and 19 per cent in Queensland after recent rains and cooler weather. ...... FULL STORY

20 Feb 2009 | Milk levy ends in retail price war
A retail milk price war is developing as the end of the packaged milk levy nears. The eleven cents per litre levy, which was introduced in 2000, will end next week. ...... FULL STORY

19 Feb 2009 | Listed agri has a very bad month
According to the February Commonwealth Bank Agri Indicators report the agribusiness sector has fallen by 20.8 per cent, against the broader S&P/ASX200 which fell by 6.5 per cent during the month. ...... FULL STORY

19 Feb 2009 | Burnt businesses can get cash, loans
Cash grants totalling $25,000 per business and low cost loans of up to $200,000 will be made available to businesses affected by the Victorian bushfires. ...... FULL STORY

18 Feb 2009 | Rice and cotton set for summer rebound
Total summer crop production is forecast to be 3.3 million tonnes in 2008-09, slightly higher than ABARE''s December 2008 forecast, but lower than the 3.9 million tonnes harvested in the previous year says ABARE''s February issue of the Australian... ...... FULL STORY

18 Feb 2009 | Consumers urged to be patient as farmers recover
Victorian farmers affected by bushfires will not be able to produce fruit and vegetables to the same quality *or* quantity for many months to come. ...... FULL STORY

17 Feb 2009 | Dairy region goes to the show
Agricultural field days in south western Victoria are attracting record entries and numbers of visitors through the gates. ...... FULL STORY

17 Feb 2009 | Big meat company moves to NT
Australian Agricultural Company Ltd is selling three cattle stations in Queensland''s Gulf region for $152 million, including 62,000 head of cattle, and using the proceeds to buy two stations in the Northern Territory. ...... FULL STORY

16 Feb 2009 | Government cash flows for floods, fires
More than 11,000 Australians caught up in the bushfire disaster in Victoria and floods in Queensland have now received emergency relief payments totalling $9 million. ...... FULL STORY

16 Feb 2009 | Pork alliance buys bacon factory
An alliance of Australia''s big three pork producers have bought Swicker''s Bacon Factory in Kingaroy, Queensland in a deal believed to be worth around $15 million. ...... FULL STORY

16 Feb 2009 | Exporters hit by quarantine export bill
Food exporters will face fee rises for quarantine inspections from July this year under a plan to abolish quarantine export subsidies that has been accepted by the minister for agriculture Tony Burke. ...... FULL STORY

13 Feb 2009 | Wheat ships held up for five weeks
Wheat exporters in Western Australia face port delays of up to five weeks as congestion causes backlogs at all Australian ports. ...... FULL STORY

13 Feb 2009 | Pacific workers arrive
The first fifty pacific islander seasonal workers scheme workers arrive in Australia this week to pick an almond crop in Victoria''s Robinvale. ...... FULL STORY

13 Feb 2009 | Wheat plantings to contract with prices
Wheat plantings will probably contract in 2009-10, and herd and flock numbers will be cut says the general manager of Rabobank food and agribusiness research, Bill Cordingley. ...... FULL STORY

13 Feb 2009 | Agribusiness expects hard 12 months
Agribusinesses in post-farm gate production and processing suffered a decline in profitability and general business conditions in the December quarter according to National Australia Bank. ...... FULL STORY

12 Feb 2009 | Big loss for big meat company
Australia''s biggest beef producer Australian Agricultural Co. has reported a $38.7 million loss for fiscal 2008 because of the drought and a $24.9 million non-cash accounting adjustment. ...... FULL STORY

12 Feb 2009 | Floods, fires create fruit and vegie shortage
Victorian bushfires and Queensland floods are expected to impact severely on fruit and vegetable supplies says retail giant Woolworths. ...... FULL STORY

11 Feb 2009 | Beef demand down
Beef prices are starting to trend down, dragged lower by sagging demand. The eastern young cattle indicator fell 37 cents/kg during last week''s heatwave to 299 cents/kg, the lowest level since 2007. ...... FULL STORY

11 Feb 2009 | AWB earnings plummet
AWB expects first half earnings to fall to just $12 million in the first half of the financial year. AWB shares fell 51 cents yesterday to $1.53, the lowest price level since the company listed on the market in 2001. ...... FULL STORY

10 Feb 2009 | Rural communities will rise again says Rudd
The state government will hold a royal commission into bushfire policy and the bushfires that have devastated large parts of rural Victoria. ...... FULL STORY

10 Feb 2009 | Irrigators asked to sell up for $50/megalitre
NSW irrigators are being offered a fraction of the market price of their water rights to sell them to the government. Fifty five Lower Lachlan irrigators are being asked to sell 1.7 megalitres for $4.5 million *or* $50/megalitre. ...... FULL STORY

10 Feb 2009 | Government needs to fund fire and flood prevention
The federal government should be supporting employers to allow trained country fire volunteers time off to help fight fires and train. ...... FULL STORY

10 Feb 2009 | Wine region decimated
The Yarra Valley wine industry has been devastated by extreme bushfires, with some wineries still cut off and not yet contacted. ...... FULL STORY

9 Feb 2009 | Fruit, vegetable prices rise with temperature
The era of cheap, high quality fruit and vegetables may be over says Horticulture Australia Council CEO Kris Newton. Heatwave conditions in the last month is south east Australia are expected to drive fruit prices up significantly this quarter. ...... FULL STORY

9 Feb 2009 | US pension fund buying up Aussie crop farms
International Agricultural Investors, a $40 million investment fund owned by the US based Westchester Group, has bought more than $50 million worth of rural properties in Australia in the last six months. ...... FULL STORY

9 Feb 2009 | Banks offer farmers help to rebuild after fires
ANZ Bank will give its farmer customers who have been affected by the Victorian bushfires cash grants to assist with rebuilding efforts. ...... FULL STORY

6 Feb 2009 | Beef and sugar hit by floods
Queensland''s beef and sugar industries are expected to deliver big losses this year as a result of widespread flooding that has affected two thirds of the state. ...... FULL STORY

6 Feb 2009 | Australia now free of citrus canker
Citrus canker has been officially declared as successfully eradicated from Australia. ...... FULL STORY

5 Feb 2009 | USA could match European dairy subsidies
The USA is preparing to match the European Union''s massive new subsidies on dairy products says Dairy Australia. ...... FULL STORY

5 Feb 2009 | Deposits and lending up at Elders
Elders Rural Bank yesterday reported an improved profit for the December quarter, with an increase in the return on equity and the return on assets. ...... FULL STORY

4 Feb 2009 | Shearers seek sports funding
Shearing and wool handling should be accepted as a sport says Sports Shear Australia, an organisation that runs 500 competitions around the nation every year. ...... FULL STORY

4 Feb 2009 | Demand for fertiliser slumps
Big fertiliser maker Incitec Pivot issued a revised profit guidance yesterday indicating that it expects profit to fall this financial year by about 33 per cent. ...... FULL STORY

4 Feb 2009 | Farmers to share in bonus payments
Farmers currently receiving exceptional circumstances funding will be paid the one off $950 economic stimulus payments announced the federal government yesterday. ...... FULL STORY

3 Feb 2009 | Heat cuts into wine grape oversupply
Recent heatwaves in South Australia and Victoria will cut wine grape production by as much as 20 per cent. The most affected regions were the South Australian Riverland, Murray Valley in Victoria and NSW and the NSW Riverina. ...... FULL STORY

2 Feb 2009 | Government urged to defy meat lobby and press for better diets
The Public Health Association of Australia wants the Federal Government to step in and defy the interests of industry groups who would suffer as a result of better eating habits. ...... FULL STORY

2 Feb 2009 | Non-mulesed wool gets bigger margins for growers
Woolgrowers need to meet the demands of the final consumer says Elders Rural Services chief executive Mike Guerin. Elders has achieved greater margins for growers by introducing a online auction system for non-mulesed wool. ...... FULL STORY



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