Author: Kalagro

Kalagro

Tuesday, 3 July 2018

The July 2018 contract settled at:

11.56 US c/b

The Australian Dollar currently trades at:

73.38 US cents.

Forward indicative prices in Australian dollars are:

$344 for OCT Contract – 2018 season

$356 for 2018 season

$386 for 2019 season

$405 for 2020 season

$409 for 2021 season

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Media Release – Regional Investment Corp launch

Kalagro

Joint Media Release

RIC ready to roll on July 1

MC 41/18

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

The Hon. David Littleproud MP
Minister for Agriculture and Water Resources

1 July 2018
  • The Regional Investment Corporation launches today, July 1
  • Major milestone in implementing a key Coalition Government election commitment
  • Loan guidelines and application forms are available on the RIC website

The Regional Investment Corporation (RIC) will open for business from today, as planned.

Minister for Agriculture David Littleproud said the launch or the RIC proudly delivers on a key Coalition Government election commitment to deliver nationally consistent loans for our Australian farmers.

“We believe in our farmers and I am pleased that they will now be able to apply for low interest loans directly with a single national body in place,” Minister Littleproud said.

“The RIC will deliver new loan products to farmers which will encourage farmers to diversify their markets and invest back into their business.”

Minister Littleproud said the RIC would also offer drought loans to help farmers prepare for, and manage through, times of drought.

“I fought hard to ensure this legislation got through during my first week of Parliament as Minister because I know how valuable these loans are on the ground,” Minister Littleproud said.

“I encourage farmers to get online and take a look at the loan eligibility and terms on the RIC website.”

Minister for Finance, Mathias Cormann said a pool of $2 billion would be available for the RIC’s farm business loans. Another $2 billion is available through the National Water Infrastructure Loan Facility, for state and territory governments to fast track the construction of priority water infrastructure.

“We have issued the RIC with its operating mandate and look forward to seeing it achieve outcomes for rural and regional communities,” Minister Cormann said.

The RIC is a corporate Commonwealth entity established to make farm businesses stronger, more resilient and profitable in the long term.

The RIC is overseen by an independent Board, chaired by David Foster.

For more information visit the www.ric.gov.au (link is external) read more

Farmacist – Nitrogen Run Off Irrigation Trial

Kalagro

Farmacist – Nitrogen Run Off Irrigation Trial

Jayson Dowie of Farmacist has some funding available via RP161 to undertake a water quality trial to determine nitrogen groundwater runoff in the Burdekin Region. The matter of nutrient runoff in the Delta was the subject of discussion at KCGO’s recent Annual General Meeting and this is an opportunity for members to become involved in a trial at no cost. There are certain parameters that will be need to be met by growers including:

  • The need to be a part of RP161, either in the past or future. The RP161 project is an extension of the RP20 project, which aimed to validate Six-Easy-StepsTMfertiliser rates in the Burdekin. Growers involved in the RP161 project receive:
  1. A whole farm nutrient plan at Six-Easy-StepsTM
  2. All historical soil tests spatially allocated in a Google Earth map.
  3. Their previous fertiliser practices benchmarked.
  4. A soil test.
  5. A G-Dot installed.
  6. On farm and phone support with Farmacist agronomists.
  7. Confidence strips implemented on a block of their choice to compare their current practice to The Six-Easy-StepsTM.

  • Growers must have runoff ie. banded ends will not be acceptable as Farmacist need to investigate dissolved nitrogen runoff leaving farming block.
    • read more