Western Australian farmers remain the most confident in the nation, but they are entering 2019 with lowered expectations following last year’s bumper season, according to the latest Rabobank Rural Confidence survey.
Five years after being the subject of high profile police raids and multiple charges, the legal saga facing three Perth business people is over due to failures of the prosecution deemed “totally unacceptable” by the judge.
Wellard has posted a $2.9 million profit for the six months to December, up from a $7.4 million loss in the previous corresponding period, and its first profit since listing on the ASX over three years ago.
The state government and the Grains Research and Development Corporation have signed a $48 million scientific partnership for research into Western Australia’s grainbelt soils and boosting grain production for local growers.
The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.
Perth’s Agristart accelerator program has won $485,000 of federal government funding to run three startup incubation programs in regional Western Australia, in Northam, Albany and Busselton.
CBH Group has announced a $128 million surplus for the year to September 2018, compared to the previous year’s result of $248 million which was boosted by a record grain harvest.
Lobsters were sold for as little as $30 per kilogram under an initiative to encourage domestic supply, according to an unpublished government report which found the Local Lobster Program at least partially met two major objectives but also raised numerous concerns.
Fisheries Minister Dave Kelly has signalled he may well walk back plans to take control of about 17 per cent of an enlarged local lobster catch, saying his priorities would be an International Lobster Festival in Perth and a domestic quota.
Crayfishermen will consider paying more in royalties to the state government as an alternative to Fisheries Minister Dave Kelly’s planned takeover of new licences, while concerns continue about the fragility of price premiums in the Chinese export market.
Opponents continue to blast government changes to lobster licensing arrangements as it emerges that, despite the state potentially pocketing nearly $70 million annually from the moves, a cost benefit analysis of the major policy shift unveiled in December was not undertaken.
Western Australian grain growers have had one of their best ever years, with 16 million tonnes moving through cooperative handler CBH Group’s network, about 400,000 tonnes above August estimates.
Fremantle-based Ocean Grown Abalone has been granted a licence to develop 5,000 artificial reefs to harvest greenlip abalone at the company’s Flinders Bay lease, located in Augusta.
Andrew Forrest’s agribusiness portfolio is set for a big expansion, with his Harvest Road Group planning a 60,000 head per year cattle development worth up to $50 million in the wheatbelt.
The state government has assured fishing industry representatives it has no plans to change how it determines catch limits across the sector after a surprise move last week to create, and take control of, new licences for local lobsters.