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Statutory Funding for Forest & Wood Products
Forest & Wood Products Australia (FWPA) has announced the signing of a new Statutory Funding Agreement with the Department of Agriculture, Fisheries and Forestry (DAFF) that is in effect from 1 January 2025 to 2034. Source: Timberbiz As a Rural Research and Development Corporation (RDC), the FWPA’s Statutory Funding Agreement (SFA) represents the renewal of a 10-year contract between the Australian Government and FWPA. The new contract is in response to changes in the levies legislation passed by Parliament. Key changes include: Streamlining and Modernisation: DAFF ‘s updates to the levies legislation aim to reduce complexity and inconsistencies, making it easier for stakeholders to understand and comply with these regulations. Future adjustments to levy settings will also be simplified. Under the new levies legislation, the new SFA defines FWPA as being the Declared Recipient Body under the Act for the forest and wood products industry. Focus on Clarity: The primary goal of these changes is to enhance comprehension and ease of compliance with the levies legislation, while maintaining the individual levy settings as they currently are. Government Commitment: The government remains dedicated to providing matching funding for eligible R&D activities conducted by RDCs, with the new legislation designed to streamline the current processes. Specifically for FWPA the new legislation provides access for full matching funding up to 0.5% of sector GVP. The levy system represents a long-standing collaboration between the Australian Government and industry. It is designed to bolster productivity and competitiveness in international markets by imposing statutory levies on producers, processors, and exporters. These levies are collected with industry input and are crucial for funding initiatives that benefit the agricultural sector. Australia’s rural R&D levy system is often regarded as a global benchmark for government and industry partnerships in agricultural innovation. It balances efficiency, inclusivity, and shared responsibility, driving improvements in productivity and sustainability while addressing industry-specific challenges. This new agreement and modernisation of the levies will empower FWPA to further enhance the services it can deliver to its members and other levy payers, providing substantial benefits to our members and the wider industry. “On behalf of FWPA, I would like to express our sincere gratitude to the Department of Agriculture, Fisheries and Forestry for their support and partnership, demonstrated by the renewal of our SFA,” FWPA Board Chair Craig Taylor said. “This new contract is not only a testament to our collaborative efforts but also a commitment to the future of the forest and wood products research and development, and the industry in Australia. “Based on the 2023 GVP of the sector, this new contract makes available approximately $11.5 million per annum in matching payments for R&D investments made by the industry through FWPA,” he said. “As our sector grows, so will the matching funds available. We are excited about the opportunities this will create for innovation and growth, benefitting our members and the broader community.” For more on the levies go to https://www.agriculture.gov.au/agriculture-land/farm-food-drought/levies/rates#forestry
Categories: Forest Products Industry
Victoria ill-prepared for potential catastrophic bushfires
In a commentary in the Latrobe Valley Express, Victoria’s Forest and Fire Management Chief Fire Officer, Chris Hardman stated that: “…you should know that Victoria is prepared and that our land and fire agencies have worked all year to reduce bushfire risk. We are prepared and ready to respond”. Source: Latrobe Valley Express by John Cameron The truth is that Victoria is unprepared and is at risk of large catastrophic bushfires with potential to destroy life, property, livestock, environmental values and disrupt water supplies in both regional Victoria and greater metropolitan Melbourne. We risk a repeat of events like Black Friday (1939), Ash Wednesday (1983), Black Saturday (2009) and the Black Summer (2019/20). This risk is primarily because our key fire agencies have demonstrably failed to implement adequate fuel reduction, have a track record of untimely fire detection and delayed initial attack and have often failed to mount fire suppression with sufficient force. Mr Hardman talks up his agency’s fuel reduction on 90,000 hectares last year and 138,000 hectares of public forest this year. To put that in perspective, the area of public forest fuel reduced represents only 1.2% and 1.8% respectively of 7.5 million hectares of public forest land. This fuel reduced proportion is well short of the recommendation of the Victorian Bushfire Royal Commission, which called for fuel reduction on greater than 5% of the forest each year (on a rolling average basis). Fire behaviour scientist in submissions and evidence to the Royal Commission, called for fuel reduction on 8% pa, consistent with the highly successful bushfire mitigation employed for more than 60 years in the forests of South West WA (only two lives lost to bushfire in their south-west forest over the last 60 years). Since 2009, our ‘responsible’ agency has been fuel reducing less than about 1.5% of the forest each year. Large areas of Victoria now have very high forest fuel levels (flammable dead bark, branches, leaves etc on the forest floor) of up to 40 tonnes per hectare. According to fire behaviour expert David Packham, the energy released by combustion in a bushfire of this amount of fuel (at about 10% moisture content) would be about 680,000 megajoules per hectare, resulting in a very severe bushfire under adverse weather conditions. This forest fuel load has the potential energy output of 14,000 litres per hectare of petrol, however, the forest fuel is potentially more dangerous than petrol because of the potential of burning bark shards to create new fires 10 to 20 kilometres ahead of the fire front. Because of very high forest fuel levels, Victoria is a ticking time bomb. The large 1.8 million hectares burnt as a result of Victoria’s 2019/20 bushfires has been attributed to insufficient fuel reduction in the burnt areas in the years preceding the fire – only 0.6% pa of the forest area was fuel reduced in prior years and the fuel reduced coupe size was too small and there was insufficient fuel reduction close to ignition points. Weather conditions and Forest Fire Danger Index were moderate for about two weeks after initial ignitions on 21 November. Other deficiencies included tardy fire detection, delayed initial attack (attack delayed to second and third day after ignition for two fires that went on to burn about one million hectares), and not mounting suppression with sufficient force, particularly early when fire weather was moderate and the fire perimeter was relatively small. John Cameron (Dip Hort. Burnley, MBA Monash, and tertiary units in economics, mathematics and statistics) is a forestry and business consultant previously holding positions in general management, corporate development and research in forestry and forest products.
Categories: Forest Products Industry
Tencent Stock Falls After U.S. Adds WeChat Owner to ‘Chinese Military’ List
Categories: Forest Products Industry
Nvidia Stock Falls, but Company’s Partnerships Lift Shares on Three Continents
Categories: Forest Products Industry
Nvidia stock falls after notching record high ahead of CES AI superchip debut
Categories: Forest Products Industry
Stock market today: Nasdaq leads stock declines as traders pare rate cut bets, Nvidia plummets after record close
Categories: Forest Products Industry
U.S. Expands RealPage Price-Fixing Lawsuit to Include Six Big Landlords
Categories: Forest Products Industry
U.S. Adds Tencent and Tesla Supplier to Its Chinese Military List. Why ‘Pandora’s Box’ Has Opened for Chinese Stocks.
Categories: Forest Products Industry
Bank of America downgrades Tesla stock, raises price target saying 'execution risk is high'
Categories: Forest Products Industry
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