THE AUSTRALIAN BUSINESS REVIEW – by Sue Neales – “Australian farmers are more confident and optimistic about the future of farming than at any time in the previous three years.
A close-to-ideal season across much of Australia last year combined with record crop production and high prices for beef cattle, wool, lamb and sugar, is encouraging 35 per cent of farmers to plan to invest this year in new fences and buildings and one-in-four to buy new machinery, according to the latest agricultural insights survey from the Commonwealth Bank.”
QUEENSLAND COUNTRY LIFE – by Sally Cripps – “Two stalwarts of the Barcaldine Show Society, Jim Miller and Becky Plumb, were honoured with life membership on Saturday.
They were presented with their medals by show president, Ben Chandler, at the conclusion of the grand parade, to much excitement.
Mr Miller has been on the show committee for 54 years, beginning before he was married, in the wool section, and he said the honour was overwhelming.”
ABC NEWS – RURAL – Vic Country Hour – by Emma Brown – “Watching groups of young people scoff a souvlaki and scull an iced coffee might not sound like a normal day’s entertainment, but in far west New South Wales it is becoming the way to prove your agricultural skills.
The Pooncarie Field Day hosted its first Young Farmer Challenge, a competition for people aged 15 to 29 working in the agriculture sector.”
THE WEST AUSTRALIAN – “Good summer crop conditions and record livestock and wool prices have helped agribusiness Elders lift its first-half profit by 56 per cent and flag the resumption of dividend payments this year.
Elders this morning reported a net profit for the six months to March 31 of $38.3 million compared to $24.6 million a year earlier.”
THE ADVERTISER – by Belinda Willis – “ELDERS is flagging resuming its dividend payments after good summer crops along with record livestock and wool prices helped the agribusiness lift its first-half profit by 56 per cent. The company reported a net profit for the six months to March 31 of $38.3 million compared to $24.6 million in the previous year.”
OTAGO DAILY TIMES – “New Zealand Merino Company staff prepared fleeces for testing and judging in the New Zealand Wool Testing Authority-Otago Merino Association Child Cancer Fleece competition, and Hamish Syme, of Chargeurs Wool (NZ) Ltd, judged the entries.”
“New Zealand’s wool market continued to trade at weak levels at the latest auction. NZ wool auction prices continue to lag behind last year’s levels
At the latest North Island auction yesterday, 37-micron wool fell 15 cents per kilogram to $3.65/kg compared with both the previous North Island auction a fortnight ago and the South Island auction last week, AgriHQ said. Prices for the fibre are 36 percent below year earlier levels, AgriHQ said.”
QUEENSLAND COUNTRY LIFE – by Andrew Marshall – “Profits jumped 56 per cent to $38.3 million for farm services business Elders Limited in the first half of 2016-17 as the company makes steady progress to an expected full-year profit about the $60m mark.
The statutory net profit after tax compares with a $24.6m result for the same period to March 31 last year.”
NZ FARMER – by Pat Deavoll – “Corriedale breeders are being pointed to lost opportunities where the hardy sheep breed would thrive.
PGG Wrightson wool representative Peter McCusker told a group of the breed’s enthusiasts gathered in the Marble Point woolshed near Culverden that breeders should be taking a vested interest in opportunities to increase their numbers further south.”
STUFF BUSINESS DAY – by Anuja Nadkarni – “A Kiwi wool company has been exporting to Japan for over 20 years, a market often considered difficult to enter for exporters.
New Zealand Merino general manager Mike Hargadon said the key to sustaining a long term relationship in Japan was to evolve branding to remain relevant.
Hargadon said the company was able to change its branding in 2007 when it established its sustainable brand ZQ.
“We introduced ourselves using the New Zealand clean, green image as this resonated with that market, but the continuing challenge for us is to keep evolving our brand alongside New Zealand’s image,” Hargadon said.”