Rates up again, but energy costs and global slowdown hurt ag more

Andrew Marshall
By Andrew Marshall
Updated August 2 2022 - 8:01pm, first published 8:00pm
Rate headwinds rise, but global energy costs hit ag harder

Australia's fourth consecutive monthly interest rate rise has our economy riding its fastest cash rate climb in almost 30 years, but farmers' budget headwinds are more likely to be courtesy of Russia's brutal war 12,000 kilometres away.

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Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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