Boom times for West’s grain farmers

Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 3 : 29-Jan-15

A grain harvest in 2013-14 of an all-time high 15.9 million tonnes in Western Australia (WA) is being followed by one of 13.5 million tonnes in 2014-15. The good conditions have lifted the incomes of farmers in the Wheatbelt region of the state, who are now servicing their bank debts, acquiring neighbouring properties or investing in new machinery. The producers are also benefiting from the recent drop in the Australian dollar exchange rate, which helps cushion the 12% decline in wheat prices on export markets. The healthy picture is in contrast to that for WA’s iron ore sector, as the mining boom ends

CORPORATES
THE WESTERN AUSTRALIAN FARMERS FEDERATION (INCORPORATED), CBH LIMITED, CO-OPERATIVE BULK HANDLING LIMITED, FARMERS CENTRE (KATANNING) PTY LTD

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