Coalition Pledges to Abandon 2030 Emissions Target: Implications for Agriculture
TL;DR: The Federal opposition pledges to abandon the 2030 emissions target, favouring nuclear energy to achieve net zero by 2050. This shift aims to ease pressure on renewable energy rollout. The current government’s target has spurred renewable investment and increased carbon market reliance. The opposition’s plan, while potentially benefiting agriculture by reducing land competition, faces […]
Strong Demand for Australian Red Meat in the US
TL;DR: Australian red meat exports are strong, with record lamb exports in May. The US remains the largest market, followed by China and MENA. Beef and goat exports also increased significantly, driven by strong US demand. Mutton exports rose, especially to MENA markets. Lamb Exports In May, Australia exported a record 36,703 tonnes of lamb. […]
Weekly Cattle and Sheep Market Wrap
TL;DR: The weekly cattle and sheep market saw mixed trends. Cattle yardings fell by 30%, but prices generally rose. Sheep prices increased across all indicators despite lower yardings. Cattle slaughter reached a four-year high, while combined sheep and lamb slaughter remained significant. Farmers must stay updated to navigate these changes. Cattle Market Overview The cattle […]
On-Farm Inflation Report Shows 2.8% Rate for 2023–24
TL;DR: Beef + Lamb New Zealand’s report shows a 2.8% on-farm inflation rate for 2023–24, down from 16.3% last year. Despite this, high input prices continue to strain farm profitability. Farmers face rising costs in interest, insurance, and animal health, impacting financial stability. Beef + Lamb New Zealand (B+LNZ) has released its latest Sheep and […]
Rabobank Faces Higher Non-Performing Loans in Agriculture
TL;DR: Rabobank’s non-performing loans in agriculture are at 4%, higher than other banks, due to its proactive approach to identifying potential loan issues early. This helps provide better support to clients. The agricultural sector faces mixed conditions, impacting overall loan performance. Greater Vigilance Cited Rabobank has a higher ratio of non-performing loans in the agriculture […]
Rugby Star Turns Brand Ambassador
TL;DR: Rugby star Scott Barrett partners with Virbac as the brand ambassador for Multimin. With a strong farming background, Barrett will promote the trace element product through a national media campaign and promotional events. Animal health company Virbac has partnered with rugby star and farmer Scott Barrett. He will be the brand ambassador for Virbac’s […]
Australian Sheep Farmers Furious Over Government Decision to Ban Live Sheep Exports
TL;DR: The Australian government’s decision to ban live sheep exports by 2028 has outraged farmers, who fear it will devastate the $1 billion industry and rural communities. Activist groups support the ban for animal welfare reasons. A federal support package is seen as inadequate, and protests have erupted. Farmers worry this sets a precedent for […]
HerdDogg Secures $6 Million for Smart Ear Tags
TL;DR: HerdDogg raises $6 million for smart ear tags to improve cattle health, and efficiency, and reduce environmental impact through early disease detection. New Investment SEWARD, NEB. — HerdDogg, an animal-farming tech company, has raised $6 million in its latest funding round. The money will support its smart ear tags for cattle. Advanced Monitoring HerdDogg’s […]
EU Pork Production Decline and Impact on US Exports
TL;DR: The EU’s pork production has dropped nearly 3 million metric tonnes since 2021 due to environmental regulations, opening opportunities for US exports. This decline has boosted US pork exports, especially in Korea and other key markets. With strong demand in Asia and Latin America, US pork exports are expected to continue growing as EU […]
US Pork Exports Break Record
TL;DR: US pork exports hit a three-year high in April, driven by record sales in Mexico and growth in other regions. Beef and lamb exports also saw significant increases, showcasing strong global demand for US meat products. Record-Breaking Pork Exports DENVER — This spring was successful for US red meat exports. April saw the highest […]
