South Australia to release water for drought relief

Original article by Matthew Cranston, Simon Evans
The Australian Financial Review – Page: 5 : 8-Nov-19

South Australia will release 100 billion litres of water to the federal government so that up to 6,000 drought-impacted farmers can grow fodder for their stock. The federal government will pay the South Australian government $88 million for the water, while it will also give it a $10 million ‘sweetener’ to help the South Australian government assist its own drought-impacted farmers. South Australian Premier Steven Marshall says the deal with the federal government will not lead to higher water prices or put at risk the state’s water security.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Morrison resists milk levy

Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 6-Sep-18

Agriculture Minister David Littleproud has proposed the adoption of a temporary $0.10 per litre on milk to help dairy farmers who are struggling with the drought and low milk prices. He says that Woolworths has indicated it was willing to support such a levy, which would raise around $250 million a year, provided that Coles did. Littleproud says he has spoken to the Coles CEO, who indicated to Littleproud that he is not so favourably disposed to the idea. Prime Minister Scott Morrison has indicated he is reluctant to support Littleproud’s proposal.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF AGRICULTURE AND WATER RESOURCES, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD