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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ongoing NSW lockdown, the ins and outs of the COVID-19 Disaster Payments, and how Brisbane’s successful Olympics bid could impact equities and property.

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Steve Waters, director of Right Property Group, chats about the impact of the lockdowns on the property market, what the 2032 Olympics could mean for Brisbane’s market, and whether APRA might need to pull the handbrake to cool house price growth.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into how the Olympics and other major events affect stock returns and what the implications are for investors.

And lastly, tax and super guru Timothy Munro talks about the near-record super returns, the COVID-19 Disaster Payments and what they mean for your super.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Hemp targeted for diversification of NT economy

By Cameron Micallef

August 09 2019
Share

Invest

Hemp targeted for diversification of NT economy

By Cameron Micallef
August 09 2019

The Northern Territory Legislative Assembly has announced the passing of the Hemp Industry Bill, allowing the state to capitalise on the emerging market.

Hemp targeted for diversification of NT economy

By Cameron Micallef

August 09 2019
Share

The Northern Territory Legislative Assembly has announced the passing of the Hemp Industry Bill, allowing the state to capitalise on the emerging market.

The burgeoning industry will see two main opportunities grow from the passing of this new bill, both a fibre and grain industry (THC levels under 1 per cent) and a viable seed industry (THC levels under 0.5 per cent), according to a government statement.

THC levels above 1 per cent are considered as cannabis.

Minister for Primary Industries and Resources in the Northern Territory Paul Kirby said hemp’s status as an emerging superfood with many other uses will allow the territory’s farmers to diversify their crop offerings.

“The development of this industry is a real green shoot for the jobs and export economy here in the Northern Territory, diversifying our economy and creating local jobs,” the minister stated.

The potential for two crops for territory farms each dry season would also see an increase to the potential return of hemp production for farmers, with hemp grain currently garnering a farmgate price of around $3,000 a tonne, it was reported.

For NT Farmers CEO Paul Burke, it’s an exciting opportunity for an emerging crop type.

“Industrial hemp has real potential in our current climatic conditions and could be a viable new industry on a broadacre scale, which is an exciting proposition,” he said.

nestegg has previously reported on the future of cannabis investment in Australia as being an area to watch.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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