In the latest boost for ASX-listed farming stocks, the Bureau of Meteorology is forecasting the most favourable winter rainfall since 2016 when Australia produced a record grain crop.
The positive rainfall forecast came as new data showed farmers have tapped tax-effective nest eggs for $1 billion as they look to recover from drought through big crop plantings and rebuilding sheep and cattle numbers.
Loading...
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
