Despite predictions of stagflation, Australia’s rural industries don’t need to panic – yet

There are three things agricultural businesses need to watch carefully in 2022: Australian interest rates, the US economy, and China's lockdowns

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I can't find workers. That tank of diesel just cost me $150. How much higher can fertiliser prices go?" These are a few laments you hear from farmers in the local pub right now. After the leap in consumer prices and an increase in interest rates by the Reserve Bank, we can add a further chip on the shoulder of our producers over increased borrowing costs.

Normally, rising consumer prices are fuelled by excessive economic growth and strong demand. However, the inflationary pressures that are forcing the hand of the Reserve Bank to act are mostly being driven by supply chain factors.

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