The Victorian Farmers Federation has a new president-elect, Ryan Milgate, the only candidate to stand with the current President Brett Hosking announcing he's stepping down.

To the global fuel crisis. Today we’ll hear an economist's perspective on the war on Iran's impact on the Australian economy and the vulnerabilities it has exposed.

As farmers know only too well, the middle east conflict has effectively cut off 60 per cent of our supply of fertilizer. Fertilizer Australia is advising farmers to assess their needs for the months ahead and consider all the alternatives.

And thankfully, some good news in all this doom and gloom. The wool market made a remarkable recovery this week.