2017 Australian Cotton Comparative Analysis Released
31 May 2018
The 2017 Australian Cotton Comparative Analysis report has been recently published and is available to download here.
The analysis is conducted annually by Boyce Chartered Accountants, the largest regionally based accounting firm in Australia, in conjunction with the Cotton Research and Development Corporation (CRDC).
The 2017 analysis is the thirteenth report to be produced by Boyce and CRDC. From 1986 to 2004 the report was published independently by Boyce.
The aim of the study is to collect and critically analyse data that will assist the industry to grow and develop sustainably through a focus on best practice techniques. The study is regarded by the cotton industry as the benchmark for the economics of cotton growing in Australia.
Transport Fund To Assist Drought-affected Farmers In New South Wales
23 May 2018
A scheme to assist drought-affected farmers in New South Wales has been unveiled as more than a quarter of the state deals with worsening dry conditions.
The NSW Drought Transport Fund will provide up to $20,000 in low-interest loans, with a two-year interest and repayment-free period.
The fund is intended to help eligible landholders pay for farming freight costs, including water cartage, fodder transport and to shift stock to agistment.
Primary Industries Minister Niall Blair said the funding was designed to complement the existing suite of drought measures.
Mr Blair said the annoucement was not a back down on the current drought policy.
2018-19 Federal Budget – Planning for a stronger economy
10 May 2018
On Tuesday the 8th May, the Federal Treasurer, the Hon, Scott Morrison handed down the Coalition Government's national budget for the 2018-19 Financial Year. Overall the stated focus of this budget is "sticking to our plan for a stronger economy". This is a budget preceding an election so a number of measures within this budget are designed to improve the Turnbull Government standing with voters. Most notably, there has been a key focus on delivering wins for voters in the form of tax cuts and more money in pockets. The budget will result in a forecast cash deficit of $14.5million for the 2018-19 financial year.