Now WA growers have a clearer understanding of their financial position after winter crop harvest, they need to start planning for the year ahead.
United States Department of Agriculture (USDA) analysts predict Australian sorghum production for 2016/17 will reach 1.2 million tonnes (Mt), down 0.8Mt or 41pc from last year.
The extraordinarily wet growing season that created an Australian record-breaking canola crop in northern Tasmania this season produced mixed results for the region’s recently-harvested wheat crops.
Australia’s record winter crop harvest is set to lift profits for eastern seaboard grain handler, GrainCorp, by $53 million to between $130 and $160 million for the 2016-17 financial year despite a slump in global wheat prices, according to preliminary results released at the company’s annual general meeting today.
Harvesters are well into stripping this season’s corn crops in Queensland and northern NSW, taking off grain for the grit and feed markets, while southern growers in the Riverina and Victoria are underway with their first corn cuts for silage.
Eastern seaboard grain handler, GrainCorp, has called on the Queensland Government to co-contribute $11 million towards a $52 million project to build two new grain handling facilities and upgrade the rail network in southern and central Queensland.
Australia’s winter crop production for the 2016/17 season hit record highs in all mainland states with an estimated 58.9 million tonnes (Mt) produced nationally, a 49 per cent increase on the previous year.
The news just gets better and better for Western Australian grain growers as a bumper harvest draws to a close, with analysts revising upwards the state’s total winter crop production to a record 18 million tonnes (Mt) plus.
Picking is underway this week on the first of this season’s cotton crops in Central Queensland (CQ), marking an early start to a harvest program that is set to become the ‘norm’ following the introduction of the new Bollgard III varieties this season.
The eastern seaboard winter crop harvest has all but wrapped up with harvesters stripping exceptional yields from the last of the crops to come off in south-west Victoria and south-east South Australia.