LAST week, the Reserve Bank of Australia raised interest rates 0.5 percent to 0.85pc to combat high inflation, which currently sits above 5pc.
This rate rise followed an upwards adjustment of 0.25pc in May. Together, these two adjustments mark the first time interest rates have increased in Australia in more than 12 years.
There is commentary that the recent rate rise will impact mortgage holders, as the RBA rate rises are passed on by the banks – but what do these rate rises mean for producers?
Meat & Livestock Australia’s Stephen Bignell recently looked into the topic.
Equity ratios…
