by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
TAS Country : May 31st 2012
Friday, June 1, 2012 Tasmanian Country 7 News Viticulture Great future for wine industry FORECAST: Tasmania s cool climate, affordable land, abundant water and lack of pests and diseases mean its $75 million wine industry is likely to expand. from the VINE Graeme Phillips EUROPE'S foremost wine publi- cation, The Drinks Business, recently ranked Tasmania second only to China and ahead of France's Languedoc and parts of Italy as the best place in the world for investment in the wine industry. It said the state's cool climate, affordable land, abundant water and lack of pests and diseases all meant its $75 million wine industry was likely to expand. In the same time as The Drinks Business rankings came out, the Government very timely released its report, The Wine Industry in Tas- mania -- A Guide for Investors. Compiled as part of its Economic Development Plan after wide consul- tation with the industry, and with the assistance of independent consult- ants, the guide listed the key attrac- tions for investing in the Tasmanian wine industry as: Tasmania's temperate maritime climate at a similar southern lat- itude as some of the most famous wine producing regions in Europe and America. The international recognition already being afforded to the state's premium cool-climate wines. The growing global demand for cooler climate wines and wines styles. Tasmania is the only Australian region where demand for it grapes and wines outstrip supply. The prices paid for Tasmanian grapes, which average almost double those from any other Aust- ralian region. The return per litre for Tasman- ian wine exports is approximately 2.5 times the Australian average. Land prices are lower than in other premium Australian and inter- national wine regions. The state's abundant natural water resources and plans to double the amount of irrigable land available for agriculture. The predicted lower impact of climate change on the island state and its suitability for grape growing. The marketing and branding advantages of Tasmania being a single Geographic Indicator or wine- producing region. The biosecurity advantage pro- vided by being an island and the state's phylloxera-free status. The linkages between fine wine, Tasmania's high-quality foods and tourism.'' The guide provides an indicative cost and return timeline and two theoretical financial models based on a 10ha and a 100ha vineyard for potential investors, as well as infor- mation on licensing, investment ap- provals and entry into Australia. Wine Tasmania CEO Sheralee Davies says that despite the indus- try's modest size, the demand, repu- tation and quality of our wines are all very strong. ''Demand for our high-quality wines outstrips supply and contrib- utes to the high value of our sector,'' she said. ''This provides a solid platform from which to encourage future growth and, in doing so, it is imperative that this high-value prop- osition is protected and built. ''This means aligning our pro- duction and marketing issues, to continue to drive awareness and demand for our wines while our physical capacity is growing. ''With The Drinks Business article and the wide positive exposure Tas- mania received following the Inter- national Cool Climate Symposium held recently in Hobart, the guide has been launched at the perfect time. '' It is a valuable resource in making sure any potential investors have a clear picture of the dynamics and opportunities of our industry. It is also important in attracting the right kind of investor, with a long- term and strategic focus. ''The collaboration between the wine sector and government was particularly important in making sure the guide provides all the infor- mation a potential investor could possibly need.'' Education Minister Nick McKim also announced that the Govern- ment's earlier decision to drop viticul- ture from the Skills Institute program had been reconsidered and it would be reinstated to include not only certificates II and III in food process- ing (wine), but also the important pre- employment training, Certificate I -- Introduction to Viticulture. The Investment Guide can be viewed at www.development. tas.gov.au Call your local branch on 1300 30 30 33 or visit rabobank.com.au with our Farm Management Deposits. †The obligations of Rabobank Australia Limited are guaranteed by its ultimate parent, Co peratieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) which has been ranked among the top 10 safest banks in the world for over 10 years and is ranked higher than any other bank in Australia in Global Finance magazine s World s 50 Safest Banks list. Rabobank Farm Management Deposits (FMDs) are issued by Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700. *Rates are subject to change without notice and are effective as at 7 May 2012. Conditions and eligibility criteria apply to primary producers under the Farm Management Deposits Scheme. This advertisement, and any tax related information, is general in nature. You should consider your personal objectives, financial situation and needs as well as the full Terms and Conditions relating to the Rabobank Farm Management Deposit product available at Rabobank branches or by calling 1300 30 30 33 before making any financial decisions. Rabobank recommends you ask your tax advisor or accountant about any taxation implications before investing in a FMD. Early termination fees may apply. RAB0584/12 Earn 5.65% p.a. from Australia s safest bank† when you invest in a one year fixed term Rabobank Farm Management Deposit with interest to be paid annually or on maturity. Minimum deposit $1,000, maximum deposit $400,000. A risk management tool to help you deal with uneven income from year to year. Our FMDs are reinvested back into Australia s agricultural sector. Rabobank. One focus. Earn up to5.65p.a. 5.65 %*
May 24th 2012
June 7th 2012