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.”
When teenage sensation Jack Hammond arrived in Tongala with his dairy farming family in January, his name sparked interest in several coaches across the district.
The Yarrawonga Pigeons have secured a vital win over Wangaratta Magpies at JC Lowe Oval in Yarrawonga.
On Wednesday, April 22, 11 walkers from Shepparton Adventure Club travelled to Strathmerton then on to Ulupna Island.
Uniformed police are being plucked from the district’s 16-hour stations to work with one-member stations so officers are not patrolling on their own.
A Rochester woman who stole more than $250 worth of money, cigarettes and food from her workplace of four years has been convicted and fined $500, plus court costs.
The final 25 players have been chosen to represent the Goulburn Valley Football League in their quest to regain the number one football ranking in country Victoria.
A 640 000 bird proposal finally gets the green light from Strathbogie Shire Council.
Record cattle prices were recorded at the Finley Saleyards on Friday
People in rural and remote areas are significantly over-represented in the number of deaths and serious injuries on our roads.
Barooga will host an information forum on the National Disability Insurance Scheme on Tuesday night.
The Deniliquin Rodeo Arena was in full swing for the recent Deniliquin Classic Barrel Race.
GrainCorp has announced an investment of $50 million to increase oilseed crushing capacity and efficiency at its Numurkah facility in Victoria.
Mark Soyer represented Australia at the 2015 IPC Alpine Skiing World Championships in Canada.
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.