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

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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
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Business and Finance

Top-earning LIME Painting franchisee celebrates success and community –

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R.L. Hunnicutt, LIME Painting Oklahoma City Franchise


BLACK ENTERPRISES first mentioned by R.L. Hunnicutt in an October 2022 article “Oklahoma City’s only upscale painting franchise is Black-owned and committed to ‘leaving the door open’ for others to follow.” Two years later, Hunnicutt’s LIME painting The franchise continues to grow. This will be attributed to his understanding that a successful business is built on strong relationships and a real connection to the community. Through various community-focused initiatives, Hunnicut actively partners with local organizations, schools and non-profits to support urban development and enrichment projects.

Whether it’s revitalizing community centers, painting schools, or offering free services to underfunded local institutions, Hunnicutt ensures that his work contributes to the well-being of his neighbors. In addition to his hands-on projects, he is devoted to constructing lasting relationships along with his clients, providing exceptional service and maintaining an unwavering commitment to quality. Hunnicutt’s fame for reliability and excellence has made LIME Painting a trusted name within the OKC area, further strengthening his ties to the community.

In honor Junewe caught up with Hunnicutt and asked him to share his insights on how the meaning of the vacation manifests itself in his business.

BLACK ENTERPRISES: Juneteenth is a celebration of freedom, empowerment and community. How does your franchise promote and/or have fun these principles?

RL HUNNICUTT: I’m currently working with This is My Community Foundation, which is an initiative that helps underprivileged youth and adopted children and helps families stay together in northeast Oklahoma City. I check with local students about entrepreneurship and offer them internship opportunities with my company. I speak and mentor about 10-15 kids at college. The children are mostly minorities and come from economically disadvantaged backgrounds.

TO BE: Why is African American business ownership crucial to the American landscape?

HUNNICUTT: African American business ownership is central to the American landscape for quite a lot of reasons. First, it provides diversity to the economy, which helps generate revenue through unconventional and often neglected methods. The black dollar is robust in America and is over a trillion dollars. Then it creates freedom. When you run your individual business, you may dictate what you ought to do. You not must wait to your boss’s approval. Now you control your path. The sky is the limit and you will have the liberty to do what you ought to make a difference.

TO BE: What advice do you will have for young African-Americans about entrepreneurship?

HUNNICUTT: Put God first. Without Him nothing is feasible. Then be consistent and persistent. Finally, eliminate your plan B. If you will have something to fall back on, you will certainly do it. Make sure your corporation is all it’s worthwhile to focus and work on. If you haven’t got anything to fall back on, you will approach every day like a hunter intent on conquering all the pieces in your path!

Hunnicutt is considered one of the best-earning LIME Painting franchise members, showing which you can run a successful business while caring for your community and paying it forward.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Reginald Lewis’ daughter opens Beatrice Advisors

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Christina Lewis, Reginald Lewis, Beatrice Advisors, Reginald Lewis


Daughter of a superstar Black financier Reginald Lewis followed in his father’s footsteps opening Beatrice Advisors to assist families like hers.

Christina Lewis opened an organization publicly on June 13 in New York. It is the primary multifamily office of its kind to be owned by a Black woman. Meredith Bowen, former partner at Seven Bridges Advisors, will function president and chief investment officer. With a few of their assets coming from the family business BFO21 and Lewis’ personal network, the band is pushing to maneuver away from the established order of occupying a particular area of interest.

Lewis’ goal is to spotlight the importance of getting a tax-efficient portfolio for the following generation of heirs, entrepreneurs and multiracial families like hers. He also desires to set a regular for having a solid team of investment managers, lawyers and accountants that clients can trust and never feel obliged to do.

“The next generation may be very uninformed, just like me and my whole family were when my dad died,” she said, recalling her father, who died when she was 12.

“He had all the intellectual capital around investing and financial access, and of course he never expected to die at 50.”

Her father was the one black person on Forbes’ list of the 400 richest Americans after appearing on the list in 1991 – with a net price of $340 million and an estimated net price of $400 million – which increased in 1992 that very same 12 months he was diagnosed with a terminal brain tumor and died in January 1993, aged just 50.

His estate was left to his wife Loida Lewis and daughters Christina and Leslie. Now, greater than 30 years later, she lives by the three mantras her father left her: do your homework and follow it, make a plan and follow it, and be good at your job.

Beatrice, apparently named after the landmark Beatrice acquisition, which was curated by Christina’s father and have become the primary Black-owned billion-dollar company, offers clients single-family offices and an progressive and technology-driven approach that encourages clients to tailor their investments to suit their individual goals. The current offer includes three key services: investment management, financial planning advice for clients and own investments.

However, Lewis doesn’t stop there and plans to expand his business over time.

Former vp and financial advisor at Shufro, Rose & CoMichael Hymes will function managing director and head of client advisory on the chief team. Bowen spoke highly of Lewis’s leadership she said she was excited to be a part of a “new level of autonomy”.

“Meeting customers where they are now and where they will be tomorrow, while giving them a new level of autonomy, makes Beatrice’s offering an exciting one,” Bowen said.

“Christina has demonstrated an exceptional ability to drive meaningful change, and I am excited to work with her and the team to build a truly differentiated set of solutions for our clients.”

The latest investment firm owner also serves as vp of the Reginald F. Lewis Foundation and is an executive producer of the upcoming biopic about her father’s life, named after his autobiography, “Why Should White Guys Have Fun?”


This article was originally published on : www.blackenterprise.com
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Business and Finance

4 ways to protect your credit during the holidays

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Black-Owned Credit-Building App, Michael Broughton


The holiday season is sort of here. But before you finalize your plans, stop and be certain that you are not practicing behaviors that might jeopardize your credit.

Falling into vacation mode – and the charging frenzy that comes with it – is what gets lots of us into trouble. Here are 4 ways to keep your credit in great shape during the holidays:

Don’t apply for retail credit cards

Getting 10% off your purchase really is not value it in the long term. Opening a brand new account could mean problems for your credit rating, as the length of your credit history accounts for 15% of your FICO rating. The older your credit age, the higher, because it shows you’ve a protracted history of credit management. Opening a brand new credit card account will lower your overall credit age and, subsequently, your rating. Applying for a loan also signifies that an inquiry can be processed on your report. Inquiries make up 10% of your FICO rating.

Be careful when shopping online

If you might be purchasing gifts online, remember to only visit sites you might be conversant in or have done business with in the past. Don’t share your credit card number with anyone.

Don’t overload

Be careful how much you spend. If at the end of the month you might be unable to repay the amount charged, reconsider your purchases. Overcharging your card will end in a rise in the amount due. Amounts owed are 30% of your FICO rating.

Don’t forget to pay your bills

It could appear obvious, but when traveling and visiting relatives, it is easy to forget to pay the bills. Set reminders on your calendar or automatic bill payments so you do not miss a payment and get a negative mark on your credit report. Your payment history accounts for 35% of your FICO rating.


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