Tool to help sugarcane growers to measure farm profitability & planning

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Agricultural economists at the Department of Agriculture and Fisheries have developed a new online tool that helps sugarcane growers to measure farm profitability and planning.

Minister for Agricultural Industry Development and Fisheries Mark Furner said the Farm Economic Analysis Tool (FEAT) streamlines data entry, allows growers to access regional scenarios and can be used on phones, tablets or computers.

“The developers of the tool have introduced a seamless registration process to make it easy for growers to log on and find their way around,” Mr Furner said.

“Growers can easily identify the profitability of existing farming systems and determine economic impacts from proposed practice changes.

“Other features include assessing options and potential risks to guide decision-making and monitoring the impact of changes.”

FEAT is free for the Australian Sugarcane Industry and growers can sign up online at https://featonline.com.au.

The Department of Agriculture and Fisheries is offering free FEAT online training workshops in key sugarcane growing regions.

To register your interest and to find out more information, email [email protected] or call (07) 3330 4523.

FEAT online was developed by economists from the Department of Agriculture and Fisheries with project partners GP One and is an initiative of the Queensland Government Reef Water Quality program.

Meanwhile, Federal Leichhardt MP Warren Enstch and Queenland Senator Susan McDonald have again come out swinging against MSF Sugar after learning the company has imposed major price hikes on molasses for Australian consumers.

Senator McDonald and Mr Entsch took aim at MSF last week after it was revealed the company would export most of its 2020 molasses yield to Thailand.

This would have left Queensland graziers and dairy farmers in the lurch as they prepared to purchase the syrup for much-needed winter stockfeed.

Thai-owned MSF Sugar then reversed its decision, drawing a collective sigh of relief from farmers but tensions have flared again after they put a price of $250 a tonne on its domestic molasses – about $100-a-tonne more than what it charged last year.

MSF Sugar is also demanding Queensland customers lodge a $100-a-tonne deposit and take delivery of all their orders before Christmas, even if they don’t have enough storage tanks.

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