Despite predictions of stagflation, Australia’s rural industries don’t need to panic – yet

in normal, pre-Covid times. Paying above the award provides no guarantee to finding suitable workers and with so many alternative jobs available, people just don’t fancy toiling among pig poo.

The food system in the 1970s was heavily reliant on fossil fuels, not unlike today. Vast amounts of oil and gas are crucial inputs for the production of fertiliser, chemicals and fuels. But farm values have also been surging in Australia, encouraged by record-low borrowing levels. The median price of agricultural land across Australia lifted 20% during 2021 to rest a fraction above $7,000 a hectare.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK faces double-digit inflation and shrinking economy, BoE warnsBank of England backs up the RBA and Fed with a fourth consecutive interest rate increase, but stagflation fears are growing, reports hansvan333.
Source: FinancialReview - 🏆 2. / 90 Read more »