Day: August 10, 2018

QSL Weekly Update

Kalagro

QSL Weekly Update – ending Friday, 10th August 2018

Welcome to your weekly overview of key QSL news and information.

Greg joins the QSL team
Greg Watson has joined the QSL Grower Services Team as Grower Relationship Manager for our Burdekin and Herbert River offices.
Click here to learn more


Tully sampling mill launched 
QSL was a proud sponsor of the official launch of the Tully Variety Management Group’s new CCS sampling mill this week. The event, led by the group’s Chair Greg Shannon and attended by more than 70 local growers, was the highlight of an early-season variety selection information session held at Peter Jackson’s farm at Murrigal. Built locally with help and consultation from Peter, the mill is currently only being used in trial plots but it’s hoped it will soon be available to growers to sample their cane before harvest. For more information, please contact the Tully Variety Management Group.
Advances rate increase this month
The Standard QSL Advances rate for the 2018 Season will increase to 65% from 22 August 2018, with payments based on indicative QSL pool values as of 27 July 2018.
Click here to see the full indicative 2018-Season Advances program
2020-Season pricing for Tully Sugar Growers
After a request from QSL and as per the terms of our On-Supply Agreement, Tully Sugar has amended their interim forward pricing agreement so that Tully Growers can now price with QSL into the 2020 Season. QSL recommends that interested growers contact their bargaining agent to ensure they understand the terms and conditions of the interim pricing agreement, including any fees applied by their Miller. Growers who choose QSL as their Marketer for the 2020 Season can use both the QSL Target Price Pool and QSL Individual Futures Contract Pool for grower-managed pricing during the 2020 Season.
Please click here for details of these QSL pricing products

Current indicative pool prices
QSL’s 2018-Season indicative pool values were updated this week. To access the latest prices and Shared Pool applicable to your milling district, please click on the relevant link below: read more

QFF – Media Release

Kalagro

QFF – Media Release
QFF welcomes offset move by other major banks

The Queensland Farmers’ Federation (QFF) has welcomed announcements from Westpac and ANZ that they too will now allow farmers to offset money held in Farm Management Deposits (FMDs) against their agricultural lending. QFF CEO Travis Tobin said the capitulation from Westpac and ANZ meant that farmers do not need to consider switching banks to access the improvement to this useful risk management tool and he congratulated Minister for Agriculture David Littleproud for successfully encouraging all the banks to get on board. “The offsets provision was an important part of the positive and proactive FMD reforms that passed Federal Parliament in early 2016 but until recently, Rural Bank was the only financial institution to offer farmers the opportunity to use their FMDs to offset their borrowings,” Mr Tobin said. “NAB, CBA and Rabobank recently followed Rural Bank’s lead after the Royal Commission hearings and constant pressure from Federal Agriculture Minister,David Littleproud and we commend his persistence on this issue.” “With all the major agri-lenders now offering FMD offsets, whether to switch banks or not is one less decision farmers will need to make. With drought pressures mounting, this will be welcome for many.” “Farmers and country people are tough, but this protracted drought is challenging for even the most resilient. QFF thanks the banks for backing rural and regional Queensland by giving farmers another tool to manage risk and plan for the future,” Mr Tobin said. Help is available to farmers and rural communities affected by drought, for details about assistance and support services or to lend a hand to those doing it tough see here: Support for drought affected farmers and rural communities. ENDS

Media enquiries: Kayla Plunkett – 0448 000 692