Fintan O’Toole.

Britain should hold a second referendum on Brexit to make sure the British people fully understand what they will be in for when the UK leaves the European Union (EU) in six months.

Trade tensions between President Donald Trump and President Xi Jinping are worsening.

As you read this, the factors affecting the outlook for global commodity markets are finely balanced, with much swinging on the weather – so there’s nothing new. 

 
Australian farmer Chris Nixon has fed out his total storage of 5000 tonnes of dry matter and continues to buy hay and grain.

With feed costs almost doubling, one drought-stricken Australian dairy farmer has been deciding to regularly sell livestock. He would like the government to provide rate relief for farmers affected by drought.  

Irish Times columnist Fintan O’Toole.

There is now a 50:50 chance Britain will crash out of the European Union without any sort of deal concluded, says a recognised Irish commentator.

 
 
Irish Farmers Association president Joe Healy.

Farmers in Northern Europe – especially the UK and Ireland – are facing a crisis as drought forces them to sell stock early while they struggle to adequately feed animals remaining. 

Post-Brexit risk for UK farms

Analysts fear that up to 25% of Britain’s farms will be at risk of bankruptcy if farm subsidies aren’t guaranteed by the government post-Brexit.

Tony Mahar.

Australian farmers are unhappy with the US Government’s US$12 billion in new subsidies to farmers caught up in trade wars triggered by President Trump.

Milk production in Australia is ahead by 3-4% over last season.

Australian dairy farmers produced an estimated 650 million litres in March, an increase of 2% on March 2017. 

Fonterra says its launch of Farm Source in Australia is another way of growing its partnership with farmer suppliers.

Dairy Australia senior industry analyst John Droppert chaired a panel discussion on volatility in the dairy industry. Here are excerpts:

European dairy co-op Arla Foods will spend $850 million this year to expand its business.

While overall dairy exports from New Zealand and Australia are declining, the European Union is showing strong export growth, says Fonterra’s November Global Dairy Update.

 

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