ANZ Positive On Sheep And Wool Sector, But Warns Against Reliance On China

According to the Australia and New Zealand Banking Group’s agricultural insight report, the AU’s sheep meat and wool sectors have benefitted from the drop in the national flock, to the benefit of the market, including those that sell industrial meat slicer for sheep meat, with the industry at the strongest it’s been in decades.

The report, however, also noted the AU’s dependence on China as a major customer for sheep meat and wool, saying that any industry that’s primarily on one big buyer is putting itself at risk, explaining that the wool and sheep meat industries is so heavily reliant on China means that they need to be ready in case the Chinese market goes quiet for a certain time.

The report was released early in March during the ANZ’s latest customer delegation to Asia, in Shanghai, and echoes what other analysts say about the wool and sheep meat, based on the state of supply and demand.

The report also highlighted  the sharp drop in sheep numbers in the AU’s national flock, which went down from about 180 million back in 1970, down to about 69 million, by 31,000 producers, in 2019, but also noted how rapid flock growth would be questionable, as it would require farmers with mixed and single sector operations to stop cropping acreage for a few year, or for Aussie cattle growers to make the switch to growing sheep, both of which are questionable.

As such, the ANZ noted that they’re expecting Australian national sheep number to remain about the same, not going down as bad as recent decades, but also not growing rapidly.

According to ANZ Head of Agribusiness Mark Bennett, the domestic decline in the number of sheep was due to a number of factors, including, low sheep and wool prices, as well as a shift from sheep to grain and cattle farming, which was more attractive compared to other options.

However, for those in the meat industry, and those that sell many a industrial meat slicer, the report also notes that sheep meat is a good opportunity, as it notes that global consumers are increasingly embracing safer, more affordable quality meat, and Aussie lamb and mutton fills that niche quite nicely.

The report notes that, even if sheep meat only accounts for a small chunk of the meat in the global market, there’s still enough of it to lift prices and give momentum to the industry.

 

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Housing Sector Pressuring Aussie Government For A VISA Programmer For Foreign Tradies

The Aussie housing sector is looking to boost affordability, to that end, they need tradies to handle housing construction and plumbing services in Newcastle and across the country. In order to meet that demand, they’re turning to foreign tradies, and are pressuring the federal government to create a new VISA to that end.

With the Australian Federal Election set for May 18, the multi-trillion housing sector is putting pressure on political parties so that they’ll develop a new kind of VISA in order to fight back a shortfall in tradies for the residential sector.

According to the Housing Industry Association’s Managing Director Graham Wolfe, the recent proposals for changes to the ‘457’ skilled working VISA won’t deal with the underlying issue regarding the shortage of skilled tradies needed for the construction of new houses and apartments in the AU.

Two years ago, former MP Malcolm Turnbull announced that he would abolish the 457 temporary skilled work VISA, which has since been unavailable for new applications.

The Labor party supported a crackdown on work visas, with Bill Shorten saying that about four of five of temporary skilled worker VISAs are granted in fields that aren’t actually suffering from a shortage of skilled workers in Australia, like plumbing services in Newcastle, and that needs to change.

Mr. Wolfe countered these claims, saying that the focus of any reforms should be on creating new VISAs for skilled workers that won’t be bound to any employers, able to act as independent trade contractors. He warns that the housing industry is more vulnerable when it comes to skill shortages than other sectors thanks to its ageing labour force, the nature of the work, as well as the constant demand for housing.

Wolfe says that the housing industry is key to the well-being of Australian society, noting that the country will need more than 2.3 million new houses by 2030 in order to keep up with the growing demand. On top of that, he reports that 2018 saw $108b worth of residential construction in the country.

He explains that the current VISA models don’t suit the housing industry, which is more reliant on independent contracting, explaining that a well-thought out and well-executed migration policy for the country, alongside a strong programme to ensure the training of future Aussie tradies will do much to ensure that Australia has the homes it needs.

 

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No Damage With Kasaan School After Blaze From Boiler Building

Barry Craig Stewart Kasaan School was recently shaken because of a blaze that came from the boiler building next to it. The fire burned the boiler building but the good news is that there are no cases of injuries and the school building which is adjacent to it has been spared as well. School authorities are now contacting boiler to ensure the incident does not have a repeat. Homeowners who want to find out this here should also contact the company for an annual boiler inspection.

Southeast Island School District’s assistant superintendent, Nick Higson, said that it was around 4 when the blaze was reported coming from the structure next to the school building where the wood-fire boiler is installed. The volunteer firefighters came to the rescue but the fire was hard to control by that time.

He lauded the firefighting team especially its fire chief, Zach West, because they were able to contain the fire. The authorities were able to coordinate properly with the lead teacher of the school, Shane Scamahorn.

An employee of the Organized Village of Kasaan, Tony Savage, was also one of the heroes during the incident because he used an excavator in order to drag the burning building away from the location of the actual school building. Higson added that the effort was made possible because of the combined work done by everyone in the community.

As for the school, the wood boiler is the main source of heat in the building. Higson said not to worry though because the school has a secondary boiler which is oil-fired. The only problem is that the boiler only covers the school which means that the aquaponics greenhouse will be left without a heating system. Higson clarified that people should not worry because they have already relocated the fish along with plants which means there is no need to heat the greenhouse.

The school and the residents around it are now looking for a reliable boiler service company. Consumers should make sure their boilers are always in good condition because the consequences are not a joke. Find out this here if you are not convinced that your boiler needs professional care.

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What An Insurance Accountant Can Do To An Insurance Company

If you are an accountant, you have a great job opportunity to work in the insurance industry. The industry will hire you as an agent or underwriter handling tasks related to financial accounting and management. You will have a chance to work in a corporate office. If you work in a bigger company, you have an opportunity to work in the biggest accounting departments. So, before you work as an insurance accountant, ensure you know all types of accounting jobs that the insurance industry will need.

Accounting Manager

Insurance companies hire one or more managers to handle the entire accounting department. These managers do several duties in relation to the financial side of an insurance company. For instance, the manager will handle the filing of all financial reports, like the quarterly SEC filing. For huge companies, they may need to hire several accounting managers to oversee the financial accounting of various areas of the business. They may be handling the financial accounting of investments, and another may manage the claims or cash management. It’s why they also need to be a proficient insurance accountant in this industry.

Tax Accountants

As insurance companies need to maintain, prepare and file various tax returns for the government, they need tax accountants for these jobs. They work as members of the accounting team to help maintain accurate financial records and recommend to corporate leaders the tax strategies and applicable tax laws.

Internal Auditors

Internal auditors are required to streamline and monitor the insurance operations. They spend more time for the researching and consulting. They work closely in all areas of business to enhance controls and strategies. They are concerned in maximising productivity, enticing clients, improving the business and complying with company goals and objectives. They may work in the finance and accounting department, but they can work outside too, like the pricing department, where research and product development are done.

Controller

You need to be a proficient insurance accountant to work as a controller in the accounting department and report to the company executives. In some companies, they are referred to as the senior accountant, where they guide financial decisions made by the company’s board of directors and executives. They also make personnel decisions for the accounting department and monitor the entire finances of the insurance company.

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