Tuesday 22 November, 2011
Blueprint for Aust Agriculture rolls into Rockhampton
Next week, the Blueprint for Australian Agriculture roadshow will hit the road to Rockhampton for the first Blueprint forum.
Taking place at the Rockhampton Showground on Tuesday 29 November, the forum will provide the agricultural sector and the wider food and fibre supply chain around Rockhampton with the opportunity to have their say on how to create a strong and sustainable sector.
All are invited to participate in the free forum, which will run from 1pm to 5pm in the James Lawrence Pavilion 1. To register to attend, please contact the NFF on 02 6269 5666 by 5pm Friday. For more, visit our website or view the attached flyer.
The Blueprint is an initiative of NFF and Westpac. The Rockhampton forum is proudly supported by AgForce and the Cattle Council of Australia.
Opening the flood gates to the Murray-Darling Basin Plan
On Monday, the Murray-Darling Basin Authority (MDBA) will release the much-awaiting draft Murray-Darling Basin Plan. A number of leaks in the past week have seen much of the detail regarding the Plan released to the public, including the much discussed Sustainable Diversion Limit figure of 2,800 gigalitres, which is now expected to be the final figure released by the MDBA.
The NFF, our members, the wider industry and rural communities have serious concerns that the Plan still fails to achieve the necessary balance between social, economic and environmental needs. We have called on the MDBA and Minister Burke to look beyond the numbers, and consider the impact such a Plan will have on the communities that are most affected.
The NFF will continue to lobby hard for a balanced outcome for farmers in the lead up to the release of the Plan next week, and as it goes before communities for consultation over the coming months.
Independent expert committee to study CSG impacts
Yesterday, in a move welcomed by farmers and rural communities, the Federal Government announced a scientific expert committee to conduct research into the impacts of mining and coal seam gas extraction on agricultural and environmental resources.
The establishment of this body will ensure that informed policy decisions are made based on scientific evidence - something that has been missing in the development of regulation around the mining and coal seam gas industries, and that will give communities confidence that decisions are being made on reliable information.
The NFF has particularly welcomed the Government's decision to offer incentives to the States to take the findings of the expert committee into account in developing their own regulation, thus strengthening State legislation rather than imposing another level of bureaucracy from the Federal Government.
We believe this is a positive step forward for farmers. For more, read our media release.
Agri Loan Monitor shows bank movements on rates
Four banks have reduced their agribusiness loans off the back of the RBA official interest rate cut earlier this month, the latest NFF Agribusiness Loan Monitor shows.
Suncorp Agribusiness, Commonwealth Bank Agribusiness, ANZ Agribusiness and NAB Agribusiness have each reduced their term loan rates by between 0.20 percent and 0.25 percent in response to the official RBA reduction of 0.25 percent.
The Monitor compares and contrasts the agribusiness loan rates of the major banks and other financial institutions to help farmers and rural businesses get a clear understanding of loan rates. The full November NFF Agribusiness Loan Monitor is available here.
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