The state of the economy at the street level

[sptrawler]

yeah, it must really piss off the WA folk having to rely on the eastern states for essentials.
Especially when they have long complained aboub the 'special deal" that sees them only get 75% of the GST they pay back from the Feds.
Mick

If we are going to be honest, as you always are Mick.
The complaint was W.A was only going to get 30% of the GST back, until the changes were made so that no State can get less back, than 75% of what they paid.
Sounds fair, unless you are a welfare State. Lol
By the way we used to supply our own meat through the Midland abattior and several others, before the big stores started sourcing from specific companies.
Same with milk, we supplied our own before the majors started sourcing from specific suppliers, we had dairies at Capel , Brunswick and lots of others.
We could still supply our own, if the majors were prepared to source locally.
You guys can't supply the iron ore, even if you wanted to Lol, you're struggling to supply your own electricity. LOL

 

[frugal.rock]

You guys can't supply the iron ore, even if you wanted to Lol, you're struggling to supply your own electricity. LOL

Need you over in the eastern states, because then, we wouldn't have a gas shortage either

 

[moXJO]

My recession indicator of "gyms struggling or going out of business" has finally triggered. But we are committing financial fckery by mass migration to create a soft landing.

Things are very weird out there at the moment as the powers that be cannot allow a recession or the whole shtshow falls apart.

 

[farmerge]

Yet on futures markets at near ATH.

What the frack is going on?

View attachment 174498

@wayneL A trip up to Muchea any Monday will tell the real story.
Actually, it's quite depressing after doing all the hard yards. Buying in good breeding bulls, having decent cows and keeping a supply of quality feed up to them, only to get about half of what they have cost to get to where they are now.

 

[farmerge]

Need you over in the eastern states, because then, we wouldn't have a gas shortage either

Perhaps if some pollies with foresight are needed East of the WA border.

 

[StockyGuy]

If we are going to be honest, as you always are Mick.
The complaint was W.A was only going to get 30% of the GST back, until the changes were made so that no State can get less back, than 75% of what they paid.
Sounds fair, unless you are a welfare State. Lol
By the way we used to supply our own meat through the Midland abattior and several others, before the big stores started sourcing from specific companies.
Same with milk, we supplied our own before the majors started sourcing from specific suppliers, we had dairies at Capel , Brunswick and lots of others.
We could still supply our own, if the majors were prepared to source locally.
You guys can't supply the iron ore, even if you wanted to Lol, you're struggling to supply your own electricity. LOL

Lol all this "we" stuff - "WA"-ness is kinda a meaningless concept to strongly identify with. WA is Australia's quarry.

Granfalloon - Wikipedia

en.wikipedia.org

 

[farmerge]

Lol all this "we" stuff - "WA"-ness is kinda a meaningless concept to strongly identify with. WA is Australia's quarry.

Granfalloon - Wikipedia

en.wikipedia.org

Maybe Australia's quarry but is a gold mine for the rust bucket States that abound East of the WA border.
Thankfully the GST payments have been made somewhat fairer now.

 

[divs4ever]

Lol all this "we" stuff - "WA"-ness is kinda a meaningless concept to strongly identify with. WA is Australia's quarry.

Granfalloon - Wikipedia

en.wikipedia.org

well Queensland is doing it's best efforts to close down the local ( coal ) quarries , some of the other types as well , maybe Queensland will try to re-identify as ' a carbon store ' or just a money-pit

 

[wayneL]

@wayneL A trip up to Muchea any Monday will tell the real story.
Actually, it's quite depressing after doing all the hard yards. Buying in good breeding bulls, having decent cows and keeping a supply of quality feed up to them, only to get about half of what they have cost to get to where they are now

I know it would be rather complex, but can you hedge you production with futures? I know knew a wheat farmers over East that used the futures.

 

[divs4ever]

I know it would be rather complex, but can you hedge you production with futures? I know knew a wheat farmers over East that used the futures.

yes you can , but back a couple of years a nickel miner nearly blew up the market when the hedges went pear-shaped ( along with nickel prices ) , the trick would be to apply strict discipline .

 

[farmerge]

I know it would be rather complex, but can you hedge you production with futures? I know knew a wheat farmers over East that used the futures.

@wayneL As it stands at present after the current Monday trade sale, it could get to the point of shooting the stock as the prices are absolutely ridiculous.
With very little water, only what I am carting twice a day, hardly any paddock feed, it's been cooked and wind blasted for the past 4 months and no rain in sight, it's a sorrowful outcome for small producers like me.
Fortunately, a good mate in York has offered to put the young bulls into his feed lot for 3 months, so this will help take a bit of pressure off the water, hay and the cows.
I bet that the supermarkets aren't selling beef at $2-$3 a kilo.

 

[TimeISmoney]

@wayneL As it stands at present after the current Monday trade sale, it could get to the point of shooting the stock as the prices are absolutely ridiculous.
With very little water, only what I am carting twice a day, hardly any paddock feed, it's been cooked and wind blasted for the past 4 months and no rain in sight, it's a sorrowful outcome for small producers like me.
Fortunately, a good mate in York has offered to put the young bulls into his feed lot for 3 months, so this will help take a bit of pressure off the water, hay and the cows.
I bet that the supermarkets aren't selling beef at $2-$3 a kilo.

Steaks in the supermarkets are like buying gold here in the east.

 

[qldfrog]

Steaks in the supermarkets are like buying gold here in the east.


View attachment 174620
View attachment 174621

We are having a mini muster at the farm at the end of the month , with current prices, I have given up plans for saleyard and we will butcher 2 heads for our own consumption.
It was stunning to see meat price that high with so low yard value: inputs went thru the roof: diesel, wires, rates and taxes, feed blocks , wages...
I am a conspiratist when I talk about the WEF agenda, but forcing meat out of our plate and closing family farms just happens to be one of the openly advertised target...
With weather pattern, yes cattle price should be lower in WA : drought but also higher in Qld where we have too much grass and rebuilding herds.
The fact there is no balancing east west, that the export market with the low AUD is not booming is not economy working as it should..
you know offer-demand and this old style obsolete capitalism.
Make your own conclusions

 

[divs4ever]

I am a conspiratist when I talk about the WEF agenda, but forcing meat out of our plate and closing family farms just happens to be one of the openly advertised target...

who are conspiring with , the WEF are openly ( if you are an invitee ) discussing and debating the agenda , so they are .............

maybe we need another activist to get up there and see what THEY eat at these talk-fests , we already know how they relax ( very high-priced escorts )

but just remember you KNOW what your own cattle are eating , remember the UK 'mad cow' outbreak that could happen again with feed-lot/grain-fed beasts

 

[TimeISmoney]

We are having a mini muster at the farm at the end of the month , with current prices, I have given up plans for saleyard and we will butcher 2 heads for our own consumption.
It was stunning to see meat price that high with so low yard value: inputs went thru the roof: diesel, wires, rates and taxes, feed blocks , wages...
I am a conspiratist when I talk about the WEF agenda, but forcing meat out of our plate and closing family farms just happens to be one of the openly advertised target...
With weather pattern, yes cattle price should be lower in WA : drought but also higher in Qld where we have too much grass and rebuilding herds.
The fact there is no balancing east west, that the export market with the low AUD is not booming is not economy working as it should..
you know offer-demand and this old style obsolete capitalism.
Make your own conclusions

I'm aware of the hard work cattle are, when I was a kid all be it more than 38 years ago a friend of mine used to breed Heriefords for shows. I always thought our best cuts of meat end up going to the US for the bigger prices? The meat you buy in the supermarkets here is a joke, a lot of is that glued together offcuts and pumped with water. When you first fry it in the pan all the water starts to come out of it.

The duopoly have always been market controllers, I remember when my parents had a fruit farm, one of the big 2 discounted the fruit on their shelves cheaper than what they bought it for at the markets, as well as buying farms themselves to send the price lower. As a small farm, we were barely getting the money back for the expenses let alone the labour, then when private farms went under they put the prices up.

 

[farmerge]

who are conspiring with , the WEF are openly ( if you are an invitee ) discussing and debating the agenda , so they are .............

maybe we need another activist to get up there and see what THEY eat at these talk-fests , we already know how they relax ( very high-priced escorts )

but just remember you KNOW what your own cattle are eating , remember the UK 'mad cow' outbreak that could happen again with feed-lot/grain-fed beasts

Fortunately for us our meat supply for the home table and what do sell is the best. No additives, growth hormones or the like.

 

[farmerge]

I'm aware of the hard work cattle are, when I was a kid all be it more than 38 years ago a friend of mine used to breed Heriefords for shows. I always thought our best cuts of meat end up going to the US for the bigger prices? The meat you buy in the supermarkets here is a joke, a lot of is that glued together offcuts and pumped with water. When you first fry it in the pan all the water starts to come out of it.

The duopoly have always been market controllers, I remember when my parents had a fruit farm, one of the big 2 discounted the fruit on their shelves cheaper than what they bought it for at the markets, as well as buying farms themselves to send the price lower. As a small farm, we were barely getting the money back for the expenses let alone the labour, then when private farms went under they put the prices up.

@TimeISmoney exactly agriculture in Australia is or has been destroyed by the big 2. Eventually China will be the supplier of food because there will be no one here to grow the product or produce.

 

[divs4ever]

@TimeISmoney exactly agriculture in Australia is or has been destroyed by the big 2. Eventually China will be the supplier of food because there will be no one here to grow the product or produce.

at least not for sale to the public ... too much paper-work , hurdles , etc etc etc

i can see more and more , moving closer towards the Amish style of communities

 

[Dona Ferentes]

from a week or so ago... AFR

" ...While politicians want us to think about multi-generational farming families getting done over by giants Woolworths and Coles, the reality is an influx of institutional capital is increasingly responsible for growing our food and the vast quantities of meat, grain, dairy, fruit and nuts exported offshore.

"In the past five years, we’ve seen Canada’s PSP Investments, a pension fund manager set up to invest for its country’s armed forces and mounted police, invest more than $6 billion into farming businesses.

"Another Canadian fund – the Ontario Teachers’ Pension Plan – has spent up for potato and onion grower Mitolo Group, orchards owner Pomona Valley, and avocado producers Capel Farms and Jasper Farms, among others.

"We’ve also seen Singapore’s Temasek, along with the aforementioned PSP, pay $500 million for calypso mangoes, tomato and berries grower Perfection Fresh, while US private equity group Paine Schwartz Partners has just paid $2.5 billion for tomato, citrus and avocado grower, packer and distributor Costa Group.

... and the list goes on. Coca-Cola, Bird's Eye, Campbells, Mondolez, Cadbury, Nestlé, etc etc, picking off the local small scale processors and listed local outfits, and then closing them down, substituting OS supply chains.

 

[sptrawler]

I'm aware of the hard work cattle are, when I was a kid all be it more than 38 years ago a friend of mine used to breed Heriefords for shows. I always thought our best cuts of meat end up going to the US for the bigger prices? The meat you buy in the supermarkets here is a joke, a lot of is that glued together offcuts and pumped with water. When you first fry it in the pan all the water starts to come out of it.

The duopoly have always been market controllers, I remember when my parents had a fruit farm, one of the big 2 discounted the fruit on their shelves cheaper than what they bought it for at the markets, as well as buying farms themselves to send the price lower. As a small farm, we were barely getting the money back for the expenses let alone the labour, then when private farms went under they put the prices up.

I don't think the general public is aware of that, our export quality is the best and yes it does get exported.