Local dairy farmers could be left holding the bag after Russia’s decision to impose a 12-month sanction on a range of Australian agricultural products.TRENT HORNEMAN August 12, 2014 10:24am
Local dairy farmers could be left holding the bag after Russia’s decision decided to impose a 12-month sanction on a range of Australian agricultural products.
The ban also includes agri-superpowers the US and EU and will almost certainly flood the global dairy market with surplus product.
Tongala farmer Neil Pankhurst said farmers were already anxiously waiting to see the impact of the sanctions which he said would certainly “water down demand”.
After milk suppliers, including Murray Goulburn, recently announced strong opening prices on the promise of strong demand and increased competition, Mr Pankhurst now fears the price for milk solids could slide.
And if it does he said it would be only the second time in his memory the farmgate price had dropped.
‘‘The last time was about 10 years on the back of a volatile global market,’’ he said.
Mr Pankhurst said the opening price was usually soft to start, rising gradually throughout the season, but it set farm budgets for the year.
‘‘If there is a drop in the milk price it would have a massive impact for farmers. It could be felt almost immediately,’’ he said.
Federal Agriculture minister Barnaby Joyce dismissed the sanctions, claiming the lost exports – which could total $400 million in the first 12 months – could be ‘made up in a heartbeat’.
But Mr Pankhurst and others at the farming coalface have serious doubts.
Pyramid Hill grain grower and Victorian Farmers Federation president Peter Tuohey said the Russian ban highlighted the need for stronger free-trade agreements with growing economies such as China.
‘‘Russia buys $400 million of our $38 billion in food and fibre exports,’’ Mr Tuohey said.
‘‘Compare that with what China could offer us in export growth under an FTA. Australian grain, beef, sheepmeat, dairy and horticultural producers all stand to gain from an FTA with China, via the removal of import quotas and tariffs.
‘‘What’s happened in Russia just highlights the need for us to get strong FTAs in place that open more markets for Australian exports.”
A local driver took the sign ‘‘drive through’’ a bit too seriously on Monday night when he crashed into the Cricketers Arms Hotel bottle shop at Mooroopna about 8pm.
In a tight tense affair, the Yarrawonga Pigeons have defeated the Wodonga Bulldogs by 28 points at the JC Lowe Oval in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
Sam Lowndes might have been the youngest member of the North-Eastern Knights under 13 hockey side, but he still made a big impact at the Junior State Hockey Championships in Melbourne last week.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
Last quarter saves potential calamity
Seymour Lions score a close win against Echuca
Scores of local farmers and concerned community groups will travel to Barham today to protest the Murray Darling Basin Plan in front of key Senators and Members of Parliament.
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
Last week work began on dismantling the historic Cobram Saleyards, marking the end of an era.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The second annual National Herd Development Victorian Winter Fair was in action at the Bendigo Exhibition Centre last Wednesday and Thursday.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.