October 2022
12536829-DL08-22
The Queen in Regional Queensland PAGES 28 -30
Boom on farmland By Fiona Gowers The boom in farmland prices across Australia is accelerating into uncharted territory. Prices paid this year have risen 25 per cent, says agribusiness banking specialist Rabobank in its just-released five-year outlook for farm sales. And, the scene is set for more land price records to fall during the bumper spring sales. In Queensland, demand has surged as the median price for grazing land jumped 37pc in 2021 to $2500 per hectare and, for cropping, by
60pc to $8900/ha. Sales so far this year have shown further price increases. More than 400 properties were sold, which is only a slight decrease from last year, but sales are substantially bigger. Prices being paid for Australian cropping land in recent years has outpaced the United States, Canada and Western Europe “but couldn’t keep up with the surge in Brazil and the eastern European Union’s grain export powerhouse, Romania“, the report found. STORY PAGE 3
Record bulls Energy challenges
The Santa Gertrudis breed has celebrated record-breaking bulls four times in three weeks. Last week, Yarrawonga S316 (P) sold for $250,000 to NIOA Pastoral Company, in conjunction with RL Pastoral Company, at the Yarrawonga Cattle Company sale to reset the breed’s benchmark. Soon after, Hardigreen Park stud bought Yarrawonga S156 (IVF) (P) for what would have been an Australian record price of $180,000. Previously, at the inaugural Nioa RL Pastoral Production sale at Allora on 1 September, Riverina Roland Sanchez R88 (ET) (PP), offered by Rob and Lorraine Sinnamon, Riverina stud, Kyogle, claimed the then record at $160,000, selling to the Wheatley and Nioa families. STORY PAGES 8-9
The future of energy supply in Australia is a complex and challenging issue but one the Surat Basin energy summit tackled in Dalby recently. The sold-out event featured industry leaders who discussed the challenges and opportunities involved in guaranteeing reliable and affordable energy supply while transitioning to low carbon. They also discussed the Surat Basin’s role as Queensland’s energy capital. STORY PAGE 4
Bridging the gap Queensland agronomist Tessa Dimond will gain a global perspective on how Maximum Residue Limits (MRLs) affect Australian grain prices and access to international markets. Through a Nuffield scholarship, Tessa will travel from St George to the United Kingdom, the United States, Canada, China, Indonesia and countries in Europe during the 12-month program. WOMEN IN AGRICULTURE PAGES 17-20
Queensland agronomist Tessa Dimond.
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