News

Live sheep trade in Australia to be banned in 2028, industry transition package announced

Published May 13, 2024

Tridge summary

Australia's Federal Government has announced the cessation of the $77 million live sheep by sea export trade, effective May 1, 2028, with a $107 million transition package to support industry stakeholders. The package includes funding for business planning, infrastructure expansion, international market maintenance, and sheep welfare monitoring. The government has also accepted 23 out of 28 recommendations from an independent panel, including supporting supply chain businesses to exit the industry if they cannot transition. The phase-out is expected to gradualize producers and supply chain participants out of the industry, without reducing current quotas and markets. The decision has been met with criticism from the Liberal party and the sheep industry, citing potential economic impact and the negotiation of new markets with Middle Eastern countries.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia's $77 million live sheep by sea export trade will be shut down from May 1, 2028, while the Federal Government has unveiled a $107m transition package for industry stakeholders. Agriculture, Fisheries and Forestry Minister Murray Watt made the long-awaited announcement in Perth on Saturday, promising that legislation to enable the phaseout will be introduced into parliament before the next election. He also released a 28-recommendation report that was handed to the government last October by an independent panel formed to advise it on how and when to best phase-out the industry. As part of the government's response to the report, $107m will be spent over five years and includes $64.6m to assist all impacted parts of the sheep industry supply chain, from farmers, to truckies and shearers, prepare business plans "for their adjustment away" from the trade. "Possible avenues for action could include seeking necessary advice, training staff and making physical and financial ...
Source: Farmweekly
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.