Insights February 2025
10 February 2025
|Carbon & climate
Insights February 2025
10 February 2025
|Carbon & climate
February summary on climate and carbon
Farmers impacted by significant flooding events across North Queensland
- Large areas across Far North Queensland experienced heavy rainfall and significant flooding events over the first week of February. Both road and rail transport infrastructure across the region has been significantly damaged. Initial assessments of crop losses by key industry bodies are slowly getting underway.
Bureau of Meteorology forecast above average rainfall for much of Australia
- The Bureau of Meteorology are predicting that rainfall is likely (60 to 80% chance) to be above average across most agricultural regions. The forecast period covers February through until April. This will prove beneficial for cropping producers, particularly in regions where soil moisture levels are severely depleted following a dry start to the year. Cropping producers are currently in the process of putting together their program for the current season. Soil moisture reserves and weather forecasts will play a role in the development of these programs.
Download the full update from Sean Hickey, Bendigo Bank Senior Agricultural Analyst
This article is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of such subject(s). The information herein is believed to be reliable and has been obtained from public sources believed to be reliable. Rural Bank, a Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL/Australian Credit Licence 237879, makes no representation as to or accepts any responsibility for the accuracy or completeness of information contained in this report. Any opinions, estimates and projections in this report do not necessarily reflect the opinions of Rural Bank and are subject to change without notice. Rural Bank has no obligation to update, modify or amend this article or to otherwise notify a recipient thereof in the event that any opinion, forecast or estimate set forth therein, changes or subsequently becomes inaccurate. This article is provided for informational purposes only. The information contained in this article does not take into account your personal circumstances and should not be relied upon without consulting your legal, financial, tax or other appropriate professional.
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