Tourism Investment

$11 Million funding grant from the NSW government is set to increase tourism by 365,000 tourists per year

The NSW Murray Region will receive a large economic boost following the commitment from the NSW government to provide a grant of $11 million to create new tourism precincts along the Murray river from Albury to Tocumwal.
These development proposals will not only encourage tourism activity in the area, but will increase employment and the economy, acting as a huge boost for the Murray Region

 

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The development named the Murray River Regional Experiences’ precinct will connect regional towns located along the Murray River including Albury, Tocumwal and Corowa, therefore assisting to create the ultimate tourism holiday experience within the region.

The announcement was made in early April by Member for Albury Greg Aplin who was ecstatic about the announcement stating that it ‘will transform our stunning waterways and wetlands into one of the state’s must-see river tourism trails’.  He also stated that this funding is ‘one of the most significant tourism investments in many, many years’.

The development will see an increase of 365,000 tourists to the Murray region every year who will have access to parts of the Murray River that previously has never been able to be accessed before. Making this development a very exciting project for not only the tourists but the locals of the Murray Region.

Key elements of the project include:

  • Bangerang Park Adventure Playground
  • Café in Rowers Park
  • Corowa Boardwalk and Riverside Walking Track
  • River Revegetation
  • Interpretive Signage
  • Lions Park Boat Ramp.

There is no set date for these works to begin however local councils have been working together to develop plans for the Murray River Regional Experiences’ precinct.

 

Data boom

Big data is helping farmers access valuable information and insights, according NAB Agribusiness this week.

The Australian Farm Institute’s Mick Keogh and Precision Agriculture’s Andrew Whitlock discuss boosting productivity, marketing more effectively – and the opportunity to start small.
‘Big data’ is the process of collecting large volumes of digital information from many different sources over a period of time, storing the information in a database and then analysing it to gain useful insights.
“One example of big data we use in our business is on-farm trials,” says Precision Agriculture director Andrew Whitlock.
“By working with a network of farmers we’re able to build up data sets that show the responsiveness of various products across different regions and under various conditions. This is very useful information for famers to have.”
In the livestock sector, electronic identification systems are capturing information about weight and breeding.
“Combining genetic and slaughter data from a range of different beef cattle producers can help to identify the genetic traits that maximise production efficiency,” says, executive director of the Australian Farm Institute Mick Keogh.
“Meat processors can link slaughter data to the electronic identification and send information back to the farmer, providing an accurate picture of how the animals perform.”
Big data can level the playing field for smaller farmers.

A helping hand

There are approximately 110,000 farm businesses in Australia, all of which have access to banking services which help lead to profitability and growth.
Today, there are two billion people who don’t have access to financial services, like getting a loan for their business and half the world’s farmers are included in this number. It’s safe to assume that the 900 million people who live on less than USD$1.90 per day are a segment of this disadvantaged group.
VisionFund Australia, is part of World Vision and we are working to better the lives of children by unlocking the economic potential of their carers – farmers and others. We do this by empowering them with training and business loans.
Continue reading “A helping hand”