Tasmanian News

Tas farm investment on the rise

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New research shows Tasmanian farm investment intentions to be at record highs.

The latest Commonwealth Bank Agri Insights has found the state's farmers hiring more staff and calling on contractors and advisers as they look to build their businesses.

The bank's Darryl Mohr said Tasmania's farmers are looking well ahead.

"There’s considerable intent among farmers to ramp up their operations by boosting staff numbers.

"The challenge is a tight market for skilled labour, as Tasmania continues to prove itself a consistently strong and investment-ready state.

"We continue to see a real focus on developing new markets, investing for future success and preparing the coming generation to step up on farm," Mr Mohr said.

Tasmania's farmers are rebuilding after a long-term drought was brought to an abrupt end, last June, by widespread flooding.

Image: By Figaro at English Wikipedia (Own work) [Public domain], via Wikimedia Commons

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