AGP Executive Report
Last update: 2 hours agoLabour Market Jolt: Australia’s unemployment rate jumped to 4.5% in April as the economy shed 18,600 jobs, with participation slipping to 66.7%—a sign the labour market may be cooling under higher rates and geopolitical strain. Budget Shock for Farmers: A buried federal budget change is rattling regional landholders: the 50% capital gains tax discount is set to be scrapped from 1 July 2027, and pre-1985 assets lose their long-held CGT exemption—potentially resetting gains on generational farms. Climate Resilience Push: Australia and Cambodia launched a flagship climate resilience programme focused on water governance and integrated water management across key river basins, aiming to better handle floods, droughts and shifting conditions. Mouse Plague Fallout: Western Australia’s Mid West is still in crisis after a toxic bait incident forced the closure of the Morawa agricultural college, while residents report daily clean-up battles. Agritech & Trade: UK agritech firms are heading to New Zealand to road-test solutions, while Irish beef exports hit a new Q1 value record despite lower volumes.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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