#Farm finance

[orchardlending]

Australia economy results in terms of trade, farming and foreign commerce

Australia's trade surplus reached near-record levels at the end of 2016, with nett exports projected to contribute 1.1 percentage points to the December-quarter national accounts.In the final three months of 2017, the trade surplus reached $40.9 billion due to an increase in exports and a general reduction in imports.

Australia Terms of Trade

The Australian Bureau of Statistics reported that the terms of trade – the ratio of export prices to import prices – increased by 0.6% in December and remained around record highs due to rising commodity prices.

The statistics supported a rise of $13.4 billion in Australia's current account surplus, which is the difference between the trade surplus and the amount of nett income remitted abroad. In December, the current account surplus was $14.1 billion, which was below the record levels recorded in late 2021 but strong in historical context.

Foreign Commerce

Foreign commerce is anticipated to contribute 1.1 percentage points to the December quarter GDP growth estimates, which will be reported on Wednesday, due to a 1.1% increase in export volumes and a 4.3% drop in import volumes.

The statistics were consistent with the majority of experts' estimates, with forecasters predicting quarterly GDP growth of 0.7% in December, which would result in the annual pace decreasing from 5.9% to 2.7%.

With the announcement of the trade numbers, NAB lowered its quarterly GDP projection to 0.6%, while ANZ raised its estimate to 1.0%.

Students return

The increase in exports was supported by a 20% increase in the export value of travel services, as more overseas students returned to Australia following their exclusion during the first two years of the epidemic.

Despite a decrease of 0.5% in the number of exports, commodity price increases contributed to a 1.9% increase in the export value of products. The value of iron ore sales increased by 6.8%, while metal exports increased by 16.6%.

Public Demand

Public demand grew by 0.4%, indicating a small contribution of 0.1% to GDP growth from government expenditure.In terms of the forecast for interest rates, the national accounts measurements of wages and inflation will be the most significant aspect of Wednesday's publication, according to ANZ senior economist Felicity Emcity.

"Taking into consideration government salaries from today's public finance data, we anticipate the RBA's prefered measure of wider labour costs – non-farm average hourly earnings – to have increased by a moderate 0.6% quarter-on-quarter in the December quarter," she added.

Australian Economy Slowdown Forecast

Analysts and the RBA anticipate a slowdown in the economy this year due to the impact of rising interest rates on consumer expenditure.

After a dramatic 4 percent decline in December, retail consumption increased by 1.9% in January.

Tom Kennedy, an economist at JP Morgan, opined that the December decline was implausibly huge due to probable seasonal adjustment concerns."In this context, the January improvement should also be taken with a grain of salt, and it is probable that month-to-month volatility will remain elevated in subsequent readings," he added.

In light of this, increasing interest rates and declining asset values (i.e. housing) are clear headwinds for consumption, hence a slowdown in retail expenditure relative to the average of the first half of 2022 is anticipated.

Australian farming

Australia is a major agricultural producer and exporter, employing over 325,300 people in agriculture, forestry, and fisheries as of February 2015. Agriculture and its closely connected sectors make $155 billion every year, accounting for 12% of GDP. Farmers and grazers hold 135,997 farms, accounting for 61% of Australia's total land area. GDP from Agriculture in Australia decreased to 14364 AUD Million in the fourth quarter of 2022 from 14742 AUD Million in the third quarter of 2022. Australia's agriculture industry receives extremely little government support in comparison to the 37 member nations of the Organisation for Economic Co-operation and Development (OECD) and other major developing agricultural producers (Greenville 2020). Between 2018 and 2020, the average amount of support (as a proportion of gross farm income) for all nations was 15.1%, with Australia receiving only 2.5%.

Although being primarily desert, farming is an important industry in Australia and farmers need access to finance and loans to ensure their business remains profitable. For those looking to finance their farming and agricultural businesses, Orchard Lending can provide the necessary assistance. We offer farm finance loans Australia wide, including loans for farm properties, agricultural equipment, and other types of agricultural finance.

[rox-of-iu]

bought "immortal life" as a gift for myself and I'm immediately obsessed

it's stardew valley style farm sim but xianxia (said by someone who never played stardew or farm sims this is guesswork lol)

anyway it's early access now but it will come out as a full game in Jan 2024! and I guess there is a possibility that the price will go up once it's a full game cuz that happens sometimes so if ur interested now is your chance hah (its on sale rn for 11,19€)

[mantequillamcwhoremick]

(ignoring space military Stan from Post Covid) what 3 careers would Stan start and then drop out of within 1 or 2 years and what would he ultimately end up doing

[probablyasocialecologist]

Offsetting is a huge distraction then, when we should be turning our attention to limiting the damage done in the first place, transitioning from fossil fuels and encouraging and investing in those farming practices which will be the only way forward in the face of climate breakdown. While we continue to operate within an economic system that will not stop growing, small-scale farmers and Indigenous people who are the protectors of 80% of the world’s biodiversity rely on intergenerational ecological knowledge to live within the planet’s limits. Moving away from corporate-controlled industrial-scale farming is imperative, as is the rejection of solutions that seek to perpetuate a broken system.

Investment must focus on those practices that address as a whole the polycrisis we now face across food, climate, biodiversity and health, and it should be at the grassroots level. Money should be flowing directly to people and communities building a local food system with circular economy thinking, and driven by the principle that everyone has the right to good food. Low input agroecological farming is the best hope of building resilience, in the face of future shocks.

The complexity of life does not lend itself to a simple market equation. Trying to shoehorn the unknowable intricacy of ecological processes into a one-size-fits-all table of solutions to be invested in feeds a flawed economic system and starves nature of its intrinsic, complex and priceless value. Put a price on nature and some will be quick to say it’s not worth much.

[audliminal]

I really do love farming sims but also they're all so fucking capitalism-brained.... Like don't get me wrong they're so fun and I get that capitalism leans itself to a very comprehensible form of progression so it's like. Whatever.

But wouldn't it be cool to have a farming sim where the goal doesn't rely entirely on making a fuckton of money?

[leoandbeholdclark]

"(...) I would have really liked just doing laundry and taxes with you."

/Everything Everywhere All At Once

Credits to all cc creators!

[desi-moringas]

See Our Desi moringa store website

[knoxgroups]

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[cash4agri]

FINANȚARE RAPIDĂ

În cei 15 ani de experiență acumulată , echipa noastră a dezvoltat soluțiile necesare pentru a eficientiza la maximum întregul proces de finanțare a fermierilor . 

[orchardlending]

Australia farm tractor market trends and opportunities

The market for tractors in Australia is anticipated to expand at a CAGR of 3.43 % between 2022 and 2028.

Australia has more than 25.8 million food consumers and is one of Oceania's major food markets. In terms of agricultural and industrial output, the country has experienced a significant expansion in farm mechanisation. Because to its adaptable operation characteristics, the 50-100 HP category had the greatest market share in 2021.

Government programmes and attempts to facilitate lending and enhance agriculture-related activities are the primary growth drivers for the agricultural tractors industry in Australia. In September 2020, the agricultural ministry of the nation issued the national agricultural innovation policy statement, a vital component of the National Agricultural Innovation Agenda of the Australian Government. A world-class agricultural innovation system is a government objective and a crucial component of Achieving Ag2030, which supports the industry's target of a USD 100 billion sector by 2030.

Major Highlights

In 2021, the agricultural tractor market in Australia increased by 33.3% compared to 2020. The recovery from the COVID-19 epidemic was aided by excellent monsoon rains in 2020 and 2021, which increased crop productivity and tractor sales.

In terms of agricultural acreage, the country is one of the largest in the APAC area. There are 30,9 million hectares of arable land in the country, which makes it an expanding market.

Due to the relatively slow growth of agricultural exports, the Australian government is trying to double the amount and value of agricultural goods exported by 2025. The government is picking regions based on their existing export food production and their potential to boost output via the implementation of new institutional changes.

Australia's farmers are rich and can afford to purchase agricultural gear such as tractors. Also, the country's farmers benefit from simple agriculture finance for the purchase of agricultural gear.

In 2020, the country imported tractors worth USD 1.01 billion, with the United States accounting for 37.8% of imports, followed by Germany.

Around one-third of the agricultural machinery sector in Australia is comprised of exports. On almost one-third of Australia's agricultural area, wheat is cultivated; wheat is the top crop with a 58% share, followed by barley and canola.

Australia sold USD 39.6 million worth of tractors in 2020, with New Zealand accounting for 70.0% of Australia's total exports of tractors, followed by Bolivia and Peru.

Market Trends and Opportunities

Use of More Energy-Efficient Tractors Is Growing

The AgriStarters initiative seeks to enhance the living circumstances of agricultural supply chain members and offer critical equipment in a sustainable manner. This goal is in addition to the previously declared objective of reducing overall glasshouse gas (GHC) emissions by 40 percent by 2030 and to zero by 2040. Use of energy-efficient tractors will achieve these goals and contribute to the expansion of the Australian tractor market.

Use of Non-Traditional Fuels in Tractors

The agricultural tractor industry in Australia is experiencing a surge in demand for tractors powered by various fuels. The fluctuating cost of conventional fuels such as diesel has an effect on tractor sales. Hence, manufacturers are focused on the development of tractors that run on alternative fuels; tractors that operate on liquefied natural gas (LNG), compressed natural gas (CNG), propane, diesel, and kerosene are now available. Also, rising environmental concerns fuel the market for biodiesel tractors. Nonetheless, farmers increasingly choose them because to their very cheap operating costs and low maintenance requirements.

Agricultural Equipment Technology on the Australian Tractor Market

Using a GPS tracker, telematics enables agricultural tractor operators to precisely monitor their fleet of vehicles and trucks. It collects data from agricultural equipment operating in a field and transmits it in real-time to the internet.

Robotic sowing and weeding technology aid in determining the precise amount of pesticides a crop need. It is extraordinarily precise and decreases pesticide use by 90%. It aids farmers in preventing and controlling herbicide-resistant weeds.

AI assists in analysing plant health, soil condition, temperature, and humidity, among other factors. It enables farmers to make better decisions by understanding sensor-collected data about the field's surroundings.

Competitive Environment

John Deere and Case IH have a combined market share of over 30% in Australia's tractor market. More than 40 percent of the market share for agricultural tractors in Australia is held by the top three competitors, which poses a significant competitive threat.

John Deere introduces a new Electric Variable Transmission for certain 8 Series Tractors and a new JD14X engine for 9 Series. The EVT enables electric power production, a future method for the industry to utilise the power supplied by tractors for implements.

In March of 2021, CNH Industrial teamed with Monarch Tractors, an American agri-technology business. The alliance will enhance long-term sustainability and increase farmer knowledge of the significance of zero-emission agriculture. Looking for agriculture and farm finance and loans Australia wide? Orchard lending finance brokers can assist with all types of farm and agriculture loan financing, with flexible security and unsecured options.

[borrowbe]

Exploring Agriculture Equipment Rentals: A Smart Way to Earn and Save

In the evolving landscape of modern farming, efficiency and cost-effectiveness are crucial for success. One innovative solution that many farmers are embracing is the rental of agriculture equipment. This approach not only reduces overhead costs but also offers an opportunity to earn extra income. In this blog, we'll explore how agriculture equipment rental works, the benefits it offers, and key considerations like agriculture equipment rental rates and rental rates for farm equipment.

The Concept of Agriculture Equipment Rental

Renting agricultural equipment allows farmers to access high-quality machinery without the burden of ownership. This is particularly beneficial for those who may not need specific equipment year-round or lack the capital to invest in expensive machinery. By renting, farmers can use state-of-the-art equipment for critical tasks such as planting, harvesting, and tilling, ensuring they stay competitive in the market.

Benefits of Renting Agriculture Equipment

Cost-Effective: Purchasing equipment can be a significant financial burden. Renting eliminates upfront costs and ongoing maintenance expenses, allowing farmers to allocate their resources more efficiently.

Access to Latest Technology: Renting provides farmers with access to the latest machinery equipped with advanced technology. This can lead to increased productivity and better crop yields.

Flexibility: Rental agreements can often be tailored to the specific needs of the farmer, whether they require equipment for a single project or a longer-term rental.

Income Generation: Farmers can also earn by renting out their unused equipment to others in the community. This creates a win-win situation where both parties benefit.

Understanding Agriculture Equipment Rental Rates

When considering equipment rental, it's essential to understand the factors that influence agriculture equipment rental rates. These rates can vary widely based on:

Type of Equipment: Specialized machinery often commands higher rental rates due to its capabilities and demand.

Duration of Rental: Longer rental periods may come with discounted rates, making it economical for extensive projects.

Location: Rental rates can fluctuate based on regional demand and competition.

On average, rental rates for farm equipment can range from a few hundred to several thousand dollars per day, depending on these variables. It’s advisable to shop around and compare rates to find the best deal.

Tips for Renting and Earning from Agriculture Equipment

Research and Compare Rates: Take the time to investigate various rental companies and their rates. Online platforms can provide transparent pricing and reviews.

Inspect Equipment: Before committing to a rental, inspect the equipment to ensure it's in good working condition. This can prevent unexpected breakdowns during critical farming periods.

Consider Rental Duration: Think about how long you’ll need the equipment. If you require it for an extended period, negotiating a longer rental contract might yield savings.

Market Your Equipment: If you’re renting out your own equipment, create a solid marketing strategy. Utilize social media, local farming groups, and community boards to reach potential renters.

Keep Records: Maintain accurate records of rental agreements, payments, and equipment maintenance. This will help in managing your rental business efficiently.

Conclusion

Agriculture equipment rentals present a valuable opportunity for farmers looking to optimize their operations and increase their income. By understanding agriculture equipment rental rates and making informed choices, farmers can leverage this model to their advantage. Whether you’re looking to save on equipment costs or explore new revenue streams, renting equipment can be a smart move in today’s agricultural economy. Embrace the flexibility and efficiency that rentals offer, and watch your farming operations thrive!

[farmerstrend]

How Kenya’s Investment in Macadamia Nuts is Driving Regional Export Growth

Discover how Kenya’s investment in macadamia farming and digital innovation has propelled the country to become a leading exporter, overcoming regulatory challenges and boosting agricultural growth. Explore the role of MSMEs and digital platforms in transforming Kenya’s macadamia sector, driving productivity, and enhancing market access for sustainable economic growth. Learn how Kenya’s macadamia…

[whats-in-a-sentence]

In May 1985 he wrote to the paper in support of offshore loans as a solution to boosting farm incomes:

The answer . . . could well be foreign-currency loans. The term to be five years with no principal repayment, and an interest rate of about seven-and-a-half per cent to be paid half-yearly in arrears . . . It will be found that the average bank manager knows little of offshore lending. He knows that currencies fluctuate and influence interest rates and is extremely nervous of the whole deal. So he steers his clients back to onshore loans, with 16-17-18 per cent interest rates, which he understands.

"Westpac: The Bank That Broke the Bank" - Edna Carew

[kg2adam]

Eligibility Requirements for Farm Equipment Finance in Australia

Farm equipment financing is important for every farmer, specifically those in Australia to improve their farming systems without depleting their cash reserves. Farmers need to borrow funds so that they can purchase the most significant equipment in their production line such as tractors, harvesters, and irrigation systems, so that they can be in a position to compete effectively. It is,…