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 $500m washed away 

$500m washed away

06 Dec, 2010 05:38 AM
A month ago, the state was celebrating the end of its worst drought on record. By the end of this week, after nine years of dry, half of it could be flooded.

The Premier, Kristina Keneally, who will visit parts of the sprawling flood zone today, said it was too early to speculate on the damage but up to $500 million had been wiped from the value of crops. ''That of course comes as a great blow to our farmers.''

NSW is bracing for more storms on Wednesday, which will drop up to 100 millimetres of rain over areas that are already inundated. The floods, which stretch from Victoria to Queensland, are expected only to worsen.

''When you see a map that says all these valleys are in flood - and I'm looking at one now - normally everything is brown,'' Hugh Bruist, a senior hydrologist at the Bureau of Meteorology, said yesterday.

''But what we're looking at - 50 per cent of the state is in flood. Much of the state is wet and any further rain will run off the ground rather than being absorbed into the ground.''

The Minister for Emergency Services, Steve Whan, was to announce $1 million today for the removal of trees and other debris after the floods in south-western NSW in October. He will make the announcement while visiting the same disaster areas with the federal Attorney-General, Robert McClelland.

Flood gates are open outside Tumut and Bathurst. The army has been deployed in Wagga Wagga, where the homes of three families who refused to leave are expected to be flooded this afternoon. The levee at Coonamble is threatening to burst under the weight of flood waters, after 1200 residents were ordered to leave.

Flood warnings have been issued for 12 rivers. Natural disasters have been declared in the Dubbo, Weddin, Wellington, Warrumbungle, Harden, Cootamundra, Coonamble, Gundagai, Cabonne and Young shires.

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500 million is very conservative with Australia awash with feed wheat expect the price to atleast halve and then this will flow on to the usual feed grains barley,oats lupins cutting there prices as well. Without the single desk will anyone step up and try to export all the feed grain? Without a market is it even worth harvesting?

What do we do with shot canola still in the windrow? There are still large areas not yet harvested in the eastern side of the wheat belt, the oil content will be lowered so its doubtful crushers will be interested.

After such great promise and increased expense to see it all dissappear three days away from harvest is heartbreaking. As natural disasters go this might nearly top the drought.

Posted by Bleary eyed, 6/12/2010 9:31:30 AM, on The Land
It certainly is a land of droughts and flooding rains. Still, there's more money in mud than dust - just not at harvest time...(our harvest is only 50% complete).
Posted by Bluey, 6/12/2010 9:41:07 AM, on The Land
Bluey and Bleary, our hearts go out to you and all the disappointed farmers. The ultimate irony, this. Farming is a damn tough business. Methinks Keneally will be terribly embarrassed by a $500 million figure. Keep your chins up, Mates. (Btw Bleary eyed, if there is value in feed wheat, it will be marketed, and with competition, you should get more out of it than you ever would have with the farmer-thieving single desk.)
Posted by Pro-Freedom, 6/12/2010 1:34:59 PM, on The Land
So those in the East want EC or extension to EC , how about those in the west who have had two plus years of NEGITIVE income
Posted by Dx, 6/12/2010 7:41:06 PM, on The Land
Those who keep saying there is more money in mud than dust do not understand the enormity of this years rains for many farmers.

Sure there is more money in mud but it is spent money not earnt money.

This year has been extreme "mud" and for a grain cropper that is far worse than extreme "dust".

Imagine for a moment coming out of a long series of dry years interspersed with full on drought to a season where you rightfully put everything into maximising your crop on good moisture only to have it TOTALLY destroyed by the one thing you have wished for for years RAIN.

Many people are going to need critical financial and moral support to pull through this cruel irony.

Posted by PeterT, 7/12/2010 8:04:09 AM, on The Land
It's all Julia Gillar'd's fault!


Posted by Cynic, 7/12/2010 12:00:38 PM, on The Land
Not sure if Peter T's comment was aimed at my post, but if so please read it again.

I AM a grain cropper and this year we will get some return, but my heart goes out to those who'll harvest nothing.

Posted by Bluey, 7/12/2010 5:39:00 PM, on The Land
Your summation is spot on PeterT.
Posted by mofac, 8/12/2010 8:19:33 AM, on The Land
"Pro-Freedom", perhaps you could substantiate your claims regarding the Wheat Export Single Desk with some facts ????

The real irony of all this weather damage is that as the market was telling us that there was "underlying support" for feed wheat prices in international markets, the farm gate prices were dropping daily until this last weather event where it has become clear that some of the crop is completely lost, some of it will be unharvestable for some time and most of the remaining standing crop is below milling grades and prices are rallying as traders are caught short. There is still no marketing going on, we were heading for a giant logistical snafu because of the disjointed and uncoordinated approach to freight, storage and handling (Graincorps Port Kembla Terminal has a 6000Tonne/hr outloading capacity, but only if there is continuous uninterrupted inloading. This is almost impossible to achieve now with 23 exporters all vie-ing for export slots). Grain marketing in this country is no new world of freedom and competition, try South America and you're probably closer to the mark.

Posted by mark2, 8/12/2010 2:22:56 PM, on The Land

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