Connect with us

Business and Finance

Australia plans to ban the export of live sheep. What will this mean for the industry?

Published

on

This month, the federal government announced the plan ban on the export of live sheep, which is to enter into force on May 1, 2028.

The announcement coincided with the release of the long-awaited film report by an independent panel appointed to investigate this issue.

Animal welfare advocates immediately embraced the news, after long campaigning for a ban.

But agricultural organizations expressed their opinion deep concerns about its potential impact on the sector. They too he argued a four-year transition window will not be enough time to adapt.

New Zealand has introduced a complete ban on the export of all live animals in 2023.
Graham Flett/AP

Australia just isn’t the first country to introduce a ban on the export of live animals, even though it reacted quite early.

Neighboring New Zealand has imposed approx Together on the export of live animals, which entered into force in April last 12 months.

In December, the UK also presented regulations banning the export of live animals intended for slaughter and fattening. The case is gaining momentum across the European Union.

So are such bans really the death knell for the sheep industry, as is usually argued, or are they simply an inevitable part of the needed transformation?

The deepening division between the city and the countryside

One of the earliest effects of this proposal was: increase tensions in Australia between state and federal governments, and between urban and rural communities.

Western Australia alone accounts for 99% of Australia’s live sheep exports. Groups opposing the ban do he framed it as one other example of the east coast of “inner city” Australia dictating terms to rural Western Australians.

WA Farmers president John Hassell speaks at a press conference wearing a T-shirt that says: hashtag keepthesheep
On Wednesday, representatives of many agricultural industry bodies met the Minister of Agriculture during breakfast after the adoption of the budget.
Mick Tsikas/AAP

However, the “West vs. the rest” narrative can itself be misleading. Questionnaire commissioned by the RSPCA, it was found that over 70% of Western Australians were in favor of a ban.

Will it really crush the sheep industry?

The extent of the impact of the ban will, of course, rely on the broader importance of live animal exports to the sheep sector and the ability of the industry to adapt. Adaptation could mean transferring this supply to the domestic processing market or the expansion of other enterprises.

Supporters of the ban argue that livestock exports are only a small part of the sheep industry. According to government data, Australia’s lamb and mutton export industry was value AUD 4.5 billion in 2023.

However, live sheep exports by sea accounted for lower than 2% of this trade and price roughly $77 million. To further emphasize the point, supporters of the ban identified that this trade only means 0.1% of Australia’s total agricultural exports.

Opponents of the ban, meanwhile, would say that these aggregated Australian figures significantly understate the economic importance of live animal exports to WA.

Despite a marked decline over the last decade, this sector still represents an estimated value 5.4% the state’s total sheep industry exports.

Live animal cargo ship loading in Fremantle
Live animal exports are disproportionately necessary to Western Australia’s sheep industry.
Ian Geraint Jones/Shutterstock

The livestock export market also offers other advantages to producers. The possibility of selling sheep to an alternate market may increase farmers’ bargaining power in contacts with domestic processors.

In Ireland, where processing capability is extremely concentrated, this is the case in the agricultural sector he fought vigorously to keep export trade alive.

Exporting live sheep can be an answer for farmers in dry periods when feed is scarce.

How much compensation should the industry receive?

The potential economic impact of the ban has been highly disputed, but most estimates confirm that there will be financial losses.

The independent panel gave particular weight estimates generated for the WA government. They estimate the cost at about $123 million a 12 months if there isn’t any substitution with other corporations, or $22 million a 12 months if farmers switch to crop production.

When spread across the farm, losses estimated in some studies may appear relatively small.

However, the current financial and climate challenges in the region are intense, and even a small reduction in revenue could push some corporations and their owners to breaking point.

The government has proposed a $107 million package to help with the transition, which incorporates $64.6 million to help sheep producers make the most of existing and emerging opportunities and $27 million to support the marketing of sheep products at home and abroad.

The support just isn’t only addressed to farmers. The government admits that the ban will affect all corporations throughout the supply chain – carriers, commodity traders, feed producers.

Bales of hay lying in the paddock
Feed producers are part of the extensive supply chain supporting the sheep industry.
Peter Kleinau/Unsplash

The effectiveness of this support is determined by the way it is implemented, the extent of its use and the effectiveness it may well mitigate the transformation.

The planned marketing support will have a way more indirect impact, with high uncertainty as to the extent to which the projected losses will actually be offset by increased demand.

Given the uncertainty about the actual costs that will be incurred, it’s difficult to assess the adequacy of payments. Federal Minister of Agriculture Murray Watt he sees them as generousindicating that $107 million is five times the lower end of the estimated range for annual losses.

The WA government, nevertheless, argued that the transition payments were completely insufficient.

However, there have been no export ban transition payments in New Zealand and it seems that none have been proposed in the UK either.

The situation in Australia reflects the historical importance of the livestock export sector to the sheep supply chain.

What’s next?

Sheep in the field look curiously towards the camera.
The sheep industry is moving towards a future without live animal exports.
Photography by Hideaki Edo/Shutterstock

As part of the sheep industry’s social license to operate, it seems prudent for businesses to plan for a future without livestock exports. At the same time, policymakers should work to increase the sector’s resilience to the significant financial and climate challenges it faces.

But politics is a fickle beast. In New Zealand, a recently elected coalition announced plans to reverse the country’s ban under Art sustained pressure from industry.

The Australian National Party has already made it clear that it too will push for a change in the situation.

While it is obvious that a majority of the population is opposed to the export of live animals, this majority could also be thinner than you may think. AND last survey in New Zealand support for a ban was just 51%.

Ultimately, this type of political uncertainty can only reduce incentives for businesses to adapt.

This article was originally published on : theconversation.com
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business and Finance

First black lottery operator

Published

on

By

Emmanuel Bailey


In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.

As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.

Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.

Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.

The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.

But his success didn’t end there.

Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.

Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.

Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.


This article was originally published on : www.blackenterprise.com
Continue Reading

Business and Finance

David Shands and Donni Wiggins host the “My First Million” conference at ATL

Published

on

By


December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.

Then there’s Shands and Wiggins.

The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.

It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.

“It’s not up to us to convince anyone why we do what we do,” admits Shands.

“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”

He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.

“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.

She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.

“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”

She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.

They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.

What to expect during the “My First Million” conference.

They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.

Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.

“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”

Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.

“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”

Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.


This article was originally published on : www.blackenterprise.com
Continue Reading

Business and Finance

Operation HOPE on the occasion of the 10th annual world forum

Published

on

By


Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.

The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.

Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.

Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”

“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.

The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.

“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”

Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.

“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”

It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.


This article was originally published on : www.blackenterprise.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending