FARMERS – AUSTRALIA

Farmers turn towards Indian trade as an antidote to China

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Original article by Charlie Peel
The Australian – Page: 5 : 15-Oct-24

It has been revealed that Australian agricultural exports to India have risen from $1.08 billion to $1.77 billion since the Australia-India Economic Co-operation and Trade Agreement came into effect in 2023. The 50 per cent increase has encouraged Australian farmers to look at India as a long-term alternative market to China, with exporters mindful of the punishing trade restrictions that China imposed on commodities such as lobsters and beef in 2020, while products like chickpeas and lentils, oils and fruits are seen as the best opportunity for Australian farmers when it comes to exporting to India

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Economic conditions (including inflation and prices) are the biggest challenge facing Australian farmers

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Jul-24

A special Roy Morgan survey of Australian farmers shows that 57% say the biggest challenge they are facing is economic conditions (including inflation/prices); this is up 8% points from a year ago and 22% points higher than in 2022. In a clear second place is Government policy, mentioned by 23% of farmers (up 11% points from 2023 and up by 17% points from 2022). Staffing issues, including finding sufficient labour for their farms, are the third most prominent issue (mentioned by 18% of farmers as the biggest challenge they face, up 5% points from a year ago). Filling out the top five issues are weather (mentioned by 16% of farmers), business viability (also at 16%) and climate change (mentioned by only 7% of farmers, and down from a year ago). The results of the special Roy Morgan Farmer AgTech Survey are based on 1,001 in-depth interviews with Australian farmers conducted during April and May 2024.

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ROY MORGAN LIMITED

Bendigo Bank is the most trusted agribusiness bank among Australian farmers, followed by NAB and CBA

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Original article by Roy Morgan
Market Research Update – Page: Online : 23-Oct-23

A special Roy Morgan Agribusiness Brand Trust Survey of Australian farmers looking at trust and distrust in the nation’s agricultural sector shows that Bendigo Bank is the most trusted agribusiness bank in 2023. Farmers commended Bendigo Bank for its community support, long-term relationships with farmers, the provision of reliable customer service, and for providing solutions locally. The next most trusted banks in the agribusiness sector were National Australia Bank and the Commonwealth Bank. The higher Net Trust Score for Bendigo Bank was largely driven by higher trust among sheep farmers; however, dairy farmers ranked CBA as the most trusted bank. Differences were also evident among beef, horticulture and other livestock farmers. The findings of the Roy Morgan Farmer Agribusiness Brand Trust Survey Report are based on 1,002 in-depth interviews with Australian farmers conducted during July 2023.

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ROY MORGAN LIMITED

Economic conditions pose greatest challenge to Australian farmers; except WA where government policies are the top challenge

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Original article by Roy Morgan
Market Research Update – Page: Online : 23-Aug-23

A special Roy Morgan Survey of Australian farmers has found that the biggest challenge currently facing almost half of them is economic uncertainty – including global economic conditions – and the rising cost of doing business (mentioned by 49% of farmers). Several other issues were widely mentioned by farmers, including the Weather (20%), Staffing issues (13%), Government policy (12%), Rising interest rates (10%), Business/financial viability (9%), Climate change (8%), Natural disasters (5%) and Biosecurity (5%). Western Australian farmers stand in contrast to farmers in other States, where the largest challenge was government policy – mentioned by 41% of farmers in the West – with great concern expressed about the WA government’s recently repealed Aboriginal Cultural Heritage Act. The results in the Roy Morgan Farmer Agribusiness Survey are based on 1,002 detailed online interviews with Australian farmers during June and July 2023. Farmers were asked to list (open-ended) the biggest farming challenges they currently face.

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ROY MORGAN LIMITED

Australian farmers are twice as likely to use agribusiness brands they trust

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-May-23

A special Roy Morgan Agribusiness Survey of Australian farmers looking at trust and distrust in Australia’s agricultural sector shows that farmers who trust a particular agribusiness brand are 127% more likely to have used that brand in the past 12 months. These findings show a direct correlation between trust and brand use – those who trust a brand are much more likely to use them, and to use them regularly, while the reverse is true for those who distrust brands. The research also found that the top reason farmers trust agribusiness brands is a ‘strong customer relationship’, followed by ‘good customer service’ and a ‘good track record, indicating that relationship building in agribusiness is paramount in driving trust and gaining repeat business from farmers. Elders was the most trusted agribusiness brand by Australian farmers in 2022, while NAB emerged as the most trusted bank for agribusiness. The Roy Morgan Farmer Agribusiness Brand Trust Survey results are based on 1,230 interviews with Australian farmers aged 18 and over, conducted during June and July 2022.

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ROY MORGAN LIMITED, ELDERS LIMITED – ASX ELD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

NAB is the most trusted agribusiness bank among farmers, followed by Rural Bank and Rabobank

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Original article by Roy Morgan
Market Research Update – Page: Online : 14-Nov-22

A special Roy Morgan Agribusiness Brand Trust Survey of Australian farmers measured trust and distrust in the nation’s agricultural sector. National Australia Bank has emerged as the most trusted bank in the agribusiness sector in 2022, with farmers commending NAB for maintaining good relationships with farmers, for their reliability, good service and high standards. Farmers also trusted Rural Bank and Rabobank for their commitment to customer relationships, as well as their good service and reliability. Trust towards individual agribusiness banks varied by farmer demographics, with Rural Bank and Rabobank receiving high trust scores among Victorian farmers, while ANZ was most trusted in South Australia. Dairy farmers were more trusting of agribusiness banks overall, with all six banks measured in the survey recording higher Net Trust Scores among this group of farmers. Rural Bank and Rabobank were more trusted among wool farmers. The results of the Roy Morgan Farmer Agribusiness Brand Trust Survey Report are based on detailed interviews with 1,230 Australian farmers conducted during June and July 2022.

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ROY MORGAN LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RURAL BANK LIMITED, RABOBANK AUSTRALIA LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Inflation and soaring costs pose the biggest challenge to Australian farmers, ahead of weather conditions and labour shortages

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Sep-22

A special Roy Morgan Survey of Australian farmers shows that the biggest challenges currently facing them are inflation and rising costs, weather, staffing issues, economic uncertainty and biosecurity. Some 26% of Australian farmers identified inflation and costs among their biggest current challenges, while 19% mentioned the weather. There were notable differences across Australian States and Territories, with weather the number one issue in the flood-affected states of New South Wales and Queensland, and inflation and costs the number one issue elsewhere. Another important challenge is staffing issues, mentioned by 13% of farmers. Australia’s closed borders over the past two years have meant many of the young working holiday-makers from Europe, North America and elsewhere who often spend time working on farms as part of their visa requirements have not been able to enter the country until recently. The results of the Roy Morgan Farmer Agribusiness Survey are based on 1,230 interviews with Australian farmers aged 18+ conducted online during June and July 2022.

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ROY MORGAN LIMITED

Farmers still waiting for government bushfire loan applications to be assessed

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Original article by Lucy Carter
The New Daily – Page: Online : 15-May-20

Farmers on the New South Wales south coast say they are still waiting for applications for federal government bushfire recovery loans to be assessed, some months after the fires hit. Free-range chicken farmer Dan Tarasenko says he could hire "10 people tomorrow" if his two loan applications went through. Figures from the National Bushfire Recovery Agency show that of the 681 applications received for concessional loans, just 288 have been approved. Minister for Emergency Management David Littleproud says it is the job of the states and territories to distribute the loans, even though it is federal government money.

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AUSTRALIA. NATIONAL BUSHFIRE RECOVERY AGENCY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

$1bn for business, farms to beat dry

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 7-Nov-19

The federal government will release details of a drought assistance package on 7 November. Small businesses in drought-affected areas will be offered concessional loans of up to $500,000, while farmers who qualify for an existing concessional loan scheme will be offered a two-year interest-free period. Meanwhile, shadow agriculture minister Joel Fitzgibbon has called for a national drought strategy and urged the government to release the full report of the drought taskforce review that was undertaken by Major General Stephen Day.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF AGRICULTURE AND WATER RESOURCES

Face climate truths: farmer’s plea to PM

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Original article by Ben Potter
The Australian Financial Review – Page: 4 : 14-Aug-18

Drought-affected grain and cattle farmer Peter Mailler says it is time for the federal government to have a honest debate about climate change, rather than trying to undermine the science behind it. Mailler recently had to send pregnant cows to the abattoir because he did not have enough grain to feed them. He says that unless the government is prepared to tackle climate change, it should not "pretend to champion" farmers who are affected by drought. He accused some politicians of trying to give the electricity sector a "free kick" on carbon emissions reduction, while at the same time expecting farmers to reduce their emissions output.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, NATIONAL PARTY OF AUSTRALIA