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Author Topic: White gold  (Read 1953 times)

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White gold
« on: March 02, 2011, 06:58:58 AM »
It seems Australian farmers are set harvest a bumper financial year.  "Broadcare" farmers (livestock/grains) may see incomes rise some 40% and dairy will also see a rise. The high Aussie dollar will see top prices paid paid for export produce and lamb body values are likey to see lamb cutlets served only by the "caviar set".

All good news for those on the land but there are downsides. ''It's the biggest year we've had [...] what I can't believe is with the high Australian dollar things are holding up as well as they can, so it is exciting if this can continue'' says former Wallaby Tim Gavin. Tim manages a farm near Gunnedah holding a 1.2 metre high cotton crop covering 1600 hectares. His is not the only one. "The nation is predicted to produce a record of more than one million tonnes of cotton next financial year" noted the Australian Bureau of Agricultural and Resource Economics and Sciences. That's a lot of cotton.

Seems the pain of the last few months has a "white-gold" lining. As the same Bureau says in its report, this bumper white gold crop will be "watered by brimming irrigation dams".

When the current "rain event" (everything nowadays is an event) peters out - and it will - those "brimming irrigation dams" will brim no more. Whilst Chaffey (100%), Keepit (91%) and Pindari (100%) might be described as "brimming", Copeton (49%) is only so in comparison to its oversized puddle status of slightly less recent times. Its draw-down has begun having fallen from a high of 56%.

Flushed with success, farmers set for bumper crops.


The Drunks Over Eucumbene (est 1986)

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