Far North Queensland

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The general outlook for the 2020 rural market in far North Queensland is best described as cautious optimism, according to recent Herron Todd White (HTW) rural report. 
The property valuation firm suggests, on the coastal horticulture front, sugar commodity prices are forecast to rise throughout 2020 as a consequence of a supply shortfall in Asia. 
Valuers said, "raw-sugar futures rose 1.13 per cent to 14.32 cents a pound in New York on Tuesday, extending their advance in 2020 to 6.7 per cent. Sugar prices have outstripped other soft-commodity markets so far this year, and have recovered 33 per cent since falling to a trough of 10.76 cents a pound in September."
"Adverse weather conditions for sugar farmers in India and Thailand - the world's largest and fourth largest producers respectively last year - have lifted prices in recent months."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/10/5_Far%20North%20QLD.jpg" alt="" width="429" height="522">
Alternative use industries for coastal horticulture lands may reduce reliance on the traditional industries of sugar cane and bananas, HTW reports. 
The recent purchase of a large sugar cane farm near Mourilyan, south of Innisfail, by International Biomass Solutions (IBS) may signal the start of a viable alternative use for coastal sugar cane farms. 
The purchase is being used as a test plot for the growing of high protein grasses as a cheaper, alternative protein source.
IBS is engaged in the development, growing and processing of various biomass plant varieties in different parts of the world. With the use of innovative technologies of its partners, the company aims to contribute to energy and industry transformation with the ultimate objective of sustainably reducing carbon dioxide output and increasing farmers' income. 
IBS works on biomass projects independently or in close cooperation with growers, cooperatives, local or national governments and industrial stakeholders. 
The ongoing success of quarantine measures for the banana fungal disease Panama Tropical Race 4 is likely to give greater confidence to the banana industry and growers, particularly in the Tully Valley. 
Despite the threat of the disease spreading, it has been well contained to a few small outbreaks on two farms. 
Banana farm sales were limited in 2019, however the success of quarantine measure is likely to lead to more farm transactions in 2020. 
Main photo: <a href="https://www.scienceimage.csiro.au/tag/fruits/i/3712/rural-scene-in-far-north-queensland-melon-crop-in-foreground-banana-plantation-behind-with-pine-forest-and-rainforest-in-the-background-15-kms-north-of-cardwell-qld-/" target="_blank">Rural scene in far North Queensland/ Willem van Aken, 4 August 1998</a>.
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Far North Queensland rural market seen with cautious optimism in 2020: HTW rural

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Australian owned Property Bay Pty Ltd has signed purchase contracts to create a world class eco-resort and tourist destination on Dunk Island on Australia’s Great Barrier Reef.
The asset backed unit token project will start with an initial US$110 million capital raise, which will in-part be funded by crypto currency, with construction commencing in the first quarter of 2019 on a glamping site, 5-star hotel, swimming pools and other amenities.
The IM (Information Memorandum) is available by application.
Named by Captain Cook in 1770 after the First Lord of the Admiralty and First Earl of Sandwich George Montagu Dunk.
The Island is a pristine tropical Great Barrier Reef island situated 4km off the coast of tropical north Queensland near Mission Beach and is known as “The Island of Peace and Plenty”.
It’s also famous for its restorative qualities due to former journalist and Senior Editor of the Townsville Bulletin Edmund James Banfield moving there in 1897 after being told he had 6 months to live. Banfield lived and wrote there, extending his life by 26 years before eventually dying in 1926.
“Dunk Island, and surrounding palm-fringed Mission Beach is an incredibly idyllic area, where rainforest meets reef – with this project we intend to bring significant tourism, and in turn jobs, to the local community.” says Tim Sommers spokesman and Co-Founder of Property Bay. “ 
The Dunk Island project will be a global first with technology and eco-tourism the primary drivers.
The aim is a zero-carbon footprint with Blockchain, Artificial Intelligence, self-driving buggies and related tech underpinning the environment, Sommers said.
"The Island economy will be entirely driven through a utility token model that not only will be exchanged for goods and services, but will also reward customers for their energy footprint."
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Cryptocurrency funded Dunk Island restoration plans announced

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The cryptocur­rency consortium that was the underbidder on Great Keppel is now attempting to buy Dunk Island.
The international cryptocurrency consortium is understood to be keen to buy the derelict island, according to The Australian newspaper.
The Dunk Island Resort in far north Queensland was devastated when Cyclone Yasi struck.
Dunk Island Resort occupies 150 hectares, the largest in what is known as the “family group of islands”.
Represented by Tim Sommers and Sean Neylon, Royalty Blockchain is understood to have entered an exclusive period of due diligence after paying a cash deposit.
Royalty Blockchain was the underbidder on Great Keppel Island, which was sold to wealthy Singaporean and Taiwanese interests for about $70 million last week.
Dunk, which is tipped to be worth around $25 million, was last traded when bought by the founder of the failed Linc Energy, Peter Bond, in 2012.
Mr Bond has since allowed the lease over the neighbouring spit, which is part of the island’s national park, be taken over by a Cairns-based skydiving outfit.
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Far North Queensland

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