Ann: Trading Update FY2022, page-4

Increased costs are rarely good, and the milk supply issue is a major problem BUT on the company's 'worst case' scenario, normalised EBITDA will "only" rise 37.32 per cent in FY 22 compared to FY 21.

The Lion Dairy and Drinks purchase that was a major acquisition seems to be going OK. More information on how the three year plan to achieve factory and other synergies is proceeding would have been good.

The worry is that five of the six State Premiers (the worst being the Labor three in Victoria, Queensland and Western Australia) together with catastrophist unelected health bureaucrats and a Prime Minister who while well intentioned lacks constitutional power combine to impose more needless restrictions socially that also badly affect how efficiently businesses can function.

While research doesn't seem to be settled, this Omicron virus variant is allegedly more contagious but less severe than previous iterations.

We were also continually told 'vaccination is the way to ensure our safety' so why isn't Big Government getting out of our lives, as Rita Panahi observed yesterday in Melbourne's 'Herald Sun'?

We have to learn to live with this novel coronavirus Do we panic about 48000 annual deaths from various cancers in Australia?

Overall despite the marked SP decline this morning, BGA seems to have a reasonably good to excellent future. I'm unsure how anyone convinces more young people to become (or stay) dairy farmers as it's a demanding lifestyle requiring early rising, which may not be the case with some competing agricultural pursuits.