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2 clusters · 4 sources · 5 days · First seen · Last updated
South Australian Riverland agricultural industry crisis
Overview
Grape growers in South Australia’s Riverland region are experiencing a severe industry downturn characterized by plummeting prices and rising production costs. Some growers report that grape prices have reached levels not seen since the 1970s, prompting some long-term farmers to exit the industry and leave land vacant.
While the South Australian government has introduced a $109 million support package to assist with transitioning to alternative crops, some producers argue the aid has arrived too late to protect established livelihoods. Amidst these economic shifts, there is continued activity in the broader horticultural market, such as the expected $30 million sale of the Monash Station almond and citrus orchard.
Entities
Riverland · Colliers · Monash Station · Jack Papageorgiou · Jesse Manuel
Timeline
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[BUSINESS] 2 sourcesRiverland almond and citrus orchards expected to fetch $30 million
The Gallard family's Monash Station in South Australia's Riverland is expected to fetch $30 million in offers for its premier almond and citrus orchards.
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[BUSINESS] 2 sourcesRiverland grape growers face industry crisis in South Australia
South Australian grape growers face an industry crisis as plummeting prices and rising costs force many to retire, with some claiming government support arrived too late to save their livelihoods.
Sources
diningandcooking.com · farmonline.com.au · greekherald.com.au · stockjournal.com.au