|
Wheat exports dip as farms face $3bn loss
07.12.2010 11:21 "Agro Perspectiva" (Kyiv) —
The Australian Bureau of Agricultural and Resource Economics and Sciences will today release its December forecast, which will indicate what effect record quarterly rains have had on wheat, barley and canola crops.
Industry experts have told The Australian $3 billion could be stripped from the value of Australias winter crops across the east coast alone. Yesterday, NSW Farmers Association president Charles Armstrong said government predictions of up to $500 million in crop losses were grossly underestimated. «The true cost of the damage wont be known until people can get back in their paddocks and survey the damage,» Mr Armstrong said.It was possible up to half of the states $2.5bn wheat crop could be wiped out, Mr Armstrong said. «This is devastating for farmers, particularly those who have had to deal with drought the longest,» he said.
Also available:
|
| |
|
|