'Dirty, rotten, mongrel bastards': Farmer says he may not have closed if supermarkets passed on m...
Queensland dairy farmer Scott Priebbenow, who says after nearly 60 years of dairying on their Greenmount farm near Toowoomba, his family has been forced to send their herd to the meatworks, says it may not have come to that, if major supermarkets had passed on milk price increases.
Seven West (ASX:SWM) has this morning confirmed reports it will sell Pacific Magazines to Bauer Media for $40 million. The sale price represents a 4.9 times enterprise value EV/EBITDA earnings multiple based on the 2019 financial year. Pacific Magazines publishes Marie Claire, Men’s Health and Better Homes and Gardens. The proceeds of the sale will be used to pay down debt, improving SWM’s balance sheet following its purchase of Prime Media last week. Seven says the sale of Pacific Magazines is another major initiative aligned with its strategy to improve balance sheet flexibility and simplify the operating model to enable greater focus on growth initiatives. Shares in Seven West (ASX:SWM) are trading 3.9 per cent higher at $0.40.
Fonterra (ASX:FSF) has this morning announced it is increasing its forecast farmgate milk price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. Fonterra Chairman John Monaghan says the Co-op had been achieving good prices for its milk so far this season. Demand for whole milk powder (WMP) has been firm, and for the full season Fonterra is expecting it to be above last year. Global WMP production is down year to date and expected to continue to decrease for the remainder of 2019. The dairy company says its earnings outlook for FY20 is based on a forecast Farmgate Milk Price, which still falls within its new forecast range of $6.55 - $7.55 per kgMS. The mid-point of the revised range does mean our teams will need to continue to push hard to achieve its margins, but so far the business is comfortable with how the season is shaping up in terms of underlying business performance. Shares in Fonterra (ASX:FSF) closed 1.73 per cent lower at $3.685 yesterday.
Winter is arriving. It is an early start in Moira for John Tate as his pigs are being loaded for the factory. It is a similar story over in Struell Wells near Downpatrick, as Paul Turley's Angus cross cattle have reached the perfect weight for processing. At the Bell's near Ballymena their flock of turkeys is almost ready for the Christmas market. Drew and Valerie McConnell are on alert for calving cows at their Omagh dairy farm. Henry Savage from Cullyhannna is in Ballymena for the Autumn Pedigree Limousin sales.
Normally the word “snake” would send people running in the opposite direction, but not for snake catcher Tania Corby who is most likely seen walking toward the reptiles. Ms Corby’s fascination with snakes started from a young age.
Allison Trethowan tells of Shepparton High School students planting trees at the Shepparton Weir for a better future environment. The students have also made bird boxes to also benefit the environment and its inhabitants.
Swedish climate activist Greta Thunberg who has sparked school strikes worldwide against global warming joins thousands of students in Hamburg, urging them to stay angry and fight for change.
Nations strike a deal to implement the landmark 2015 Paris climate treaty after marathon UN talks that failed to match the ambition the world's most vulnerable countries need to avert dangerous global warming.
Methan is a greenhouse gas like CO2, but the negative effect on the climate of Methane is 23 times higher than the effect of CO2. Kudos to the Colombian farmers.
Although a candidate just entered the 2020 presidential race with a platform centered on climate change, some experts say Americans aren’t fully aware of the scope and seriousness of global warming.
The pressures of maintaining food production for the world's growing population is having a significant effect on climate change. Here are some of the reasons why livestock production is at the heart of the challenge for the battle against harmful...
The human race has walked the Earth for 200,000 years or more, but is our time on this planet coming to an end? With the threats of global warming, war and disaster looming large, are our days numbered? According to some of the experts, we're already in the middle of the Holocene extinction... But what does that mean? And how much trouble are we in??
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Union Minister Smriti Irani on Monday cast her vote in Maharashtra.After casting her vote at a polling booth in the city, Ms Irani was seen having a warm interaction with a 93 year old voter, who served in the army.
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