❓ Hon Brian Ellis asks about growth opportunities in the WA dairy industry given rising milk prices. Hon Kim Chance provides a detailed answer, outlining potential growth, new production areas, investment opportunities, and the broader shortage of milk products.
AnsweredQoN 1252Legislative Council
QuestionView source ↗
WESTERN AUSTRALIAN DAIRY INDUSTRY - GROWTH OPPORTUNITIES
I refer to the minister’s press releases welcoming moves by the dairy industry to increase the state’s milk supply and capture new market opportunities. Given the minister’s understanding that Western Australia has the capacity to double dairy production if the price is right, and given that his press release states that there is a worldwide surge in milk prices, which is anticipated to be sustained for some time to come, I ask - (a) What is the anticipated growth of the WA dairy industry over the next five years; (b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE
I refer to the minister’s press releases welcoming moves by the dairy industry to increase the state’s milk supply and capture new market opportunities. Given the minister’s understanding that Western Australia has the capacity to double dairy production if the price is right, and given that his press release states that there is a worldwide surge in milk prices, which is anticipated to be sustained for some time to come, I ask - (a) What is the anticipated growth of the WA dairy industry over the next five years; (b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE
AnswerView source ↗
I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(a) What is the anticipated growth of the WA dairy industry over the next five years; (b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
[See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(a) What is the anticipated growth of the WA dairy industry over the next five years; (b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(b) what new production areas are being explored; (c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(c) what forms of external investment are being invited, and will these include schemes such as Australian Agricultural Contracts Ltd where investors effectively share-farm with producers; and (d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
(d) are there any plans to assist WA dairy farmers to take advantage of the current butter shortage? Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
Hon KIM CHANCE replied: I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I have a rather detailed answer. While it is entirely relevant to the question, the house might prefer that I table the answer and seek leave to have it incorporated into Hansard . Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
Leave granted. [See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
[See paper 3591.] The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
The following material was incorporated - I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
I thank the Hon. Member for some notice of this question. a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
a) At this stage, it is too early to tell the full extent of the potential growth in demand for the industry as investors are only becoming aware of the opportunities available to them. However, recently the industry committed to an initial 50 million litre production increase as a short term target. b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
b) Currently, the area north of Perth along the coastal plain and in the 500 mm to 825 mm rainfall zone of the South West Agricultural area. Various investment options are being considered including direct investment by corporations and private farms as well as share farming arrangements. Investment could be by existing dairy farmers or new entrants. I believe the first investment into new production capacity by an existing dairy farming family is in the process of being transacted, with an existing beef operation planned to be swapped to dairy production in the Denmark area. c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
c) Material to assist investors’ assessment of milk production opportunities in WA is being developed by the industry peak body, Western Dairy, and the Department of Agriculture and Food. This material will be posted on the Dairy WA Invest website and disseminated in other appropriate means including presentation at the Australian Dairy Conference in February 2008. d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
d) All forms of traded milk products are in supply short supply in world markets, not just butter, as evidenced by the recent significant price rises for these goods. WA processors’ production will reflect the commercial opportunities available to them given their particular circumstances.
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