Tony’s Tractors

Final report for project SMCN/2004/069

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Final report for project SMCN/2004/041

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The outlook for sugar is not just underpinned by sugar prices but also ethanol production and electricity cogeneration. ABARE economist, Max Foster, told the ABARE conference in Canberra today that high sugar prices are projected to lead to an increase in world sugar production over the medium term, which will stem principally from Brazilian cane sugar production for both sugar and ethanol. 'While sugar will remain the economic driver of the Australian sugar cane industry, there are substantial opportunities in Australia for electricity generation from cane fibre and production of ethanol as a renewable fuel from molasses,' Mr Glasson said.

A whole-of-system approach will be taken to rural research and development (R&D) investment, delegates at the ABARE Outlook conference heard in Canberra today. The chair of the Australian Government's Rural Research and Development Council, Dr Kate Grenot, said Australia's National Strategic Rural R&D Investment plan will enhance Australia's focus on farm sector-driven research, development and extension. 'New funding from philanthropic sources for international R&D has been important in addressing research gaps and opportunities,' said Professor Woods.

World dairy product prices are forecast to remain relatively firm in 2010-11 after rebounding from the low prices experienced in mid-2009, delegates were told at the ABARE annual Outlook conference in Canberra today. 'In line with these expected developments in world dairy markets, Australian farm-gate milk prices are projected to rise over the next few years. The Chairman of Dairy Australia, Max Roberts, said Australian dairy farmers have a long history of dealing with volatility and adapting to a changing environment.