Rain, profit and hope - GWI

Rain, profit and hope 

It’s raining in Western Queensland and I was particularly moved this week to see Ed Warren, the Mayor of Longreach “get a bit emotional” about the rain and the impact on his community.

Rain brings hope, particularly to agricultural communities, but it also brings prosperity.

A study by Boyce Chartered Accountants in 2000 showed that the average projected profit per hectare per 100mm of rainfall was approximately $6.50.

For Longreach alone on Sunday and Monday approximately $26M fell into the pockets of families in that region.

For many on the land it will mean that they can continue restocking the west with cattle. The Government’s Cluster Fencing project will also allow producers to restock the Western Queensland sheep flock with additional confidence after their cluster fences are complete.

This project, and well-timed rain, will have a massive impact on those communities, both on and off the land.

It decreases the risk of investment, increases consumer confidence and may even increase property prices across a region. It also effects the entire community, including positive impacts on businesses as varied as hairdressers and coffee shops as people begin to loosen their belt, after years of tight seasons.

While the rain isn’t timed perfectly, many would have preferred February rains, and the drought isn’t over yet, there will be green shoots growing both literally and figuratively in Western Queensland.

Dan Wood

Dan Wood
Consulting Manager

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