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Agriculture

Today

Peter Greensill is now the sole director of Green Solutions.

Greensill family whacks locals for waste fees

Once you make something free, it’s hard to wind that back. Even at bargain prices.

This Month

Pavo and Heidi Walker of Walker Seafoods in Mooloolaba on the Sunshine Coast in Queensland.

Margaret’s Pav and Heidi have a problem – a Sydney asset manager

Seafood quotas are becoming a serious business. And that’s putting investors and family-owned fishing fleets on a collision course.

The Anchor brand of milk in New Zealand. It is one of the products that could be spun off with the Mainland Group business.

Forrests’ Tattarang backs Bega Cheese bid for $4b Fonterra spin-off

The billionaire family’s investment vehicle says it supported the ASX-listed dairy company’s growth ambitions and interest in the NZ-based business.

April

Fonterra is one of the world’s largest dairy co-operatives and wants to spin off its consumer products division.

Fonterra warns uncertainty over Bega brand ‘could kill’ $4b spin-off

The New Zealand co-operative has failed in its push to have the divestment of its consumer products division declared not to be a change of control transaction.

Peter Cavallaro at Walker Flat. He said rising prices were a boon to the industry, as Californian growers were locked out of China.

The surprising winners from Trump’s trade war? Almond farmers

Steep Chinese imposts have locked out California, which supplies the vast majority of the tree nut to the world, creating a big opportunity for local growers.

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Duxton Water chairman Ed Peter.

Major water rights fund investors consider turfing management

Ed Peter, the former head of Deutsche Asset Management in Asia, will also step down as chairman of the $290 million Duxton Water after the vote.

Marc Greening is a cattle breeder and beef producer in Wagga Wagga.

The McDonald’s effect: Why Aussie beef can ride out Trump’s tariffs

Farmers and exporters are more worried that the wider economic impact of the tariffs could diminish global appetites for beef.

March

National Farmers’ Federation president David Jochinke.

Fresh produce suppliers copping downside of power imbalance: ACCC

The National Farmers’ Federation says claims by fresh food producers that Coles and Woolworths have the upper hand been validated by the competition regulator.

There are growing concerns over private credit risks.

Count Financial keeps some private credit in the family

Count took the bold step of telling advisers to sell off holdings in some private credit funds this month. But Realm products are still in favour.

FarmCap lends to farmers.

Specialist private lender FarmCap raising $100m

The $100 million fund is accompanied by a direct fund, which will hold an additional stake acquired in individual deals.

A carbon farming  near Quilpie in Queensland.

Adamantem Capital doubles down on questionable carbon offsets

Others may be examining the veracity of carbon farming methods, but these private equity vultures have no doubts.

Wild weather had closed down major industries across south-east Queensland and northern NSW.

Beef exporters and farmers count the cost of Alfred

Lucrative export markets were hampered by ex-cyclone Alfred as fruit and vegetable farmers in Queensland count the cost.

Salmon group Huon’s chief executive Henry Batista,

Brazilian JBS heir quietly quits his crippled salmon empire

Henry Batista came to Australia to run Huon aquaculture. Now he’s gone, and the company is in a crisis.

February

tuna farm

Parched Port Lincoln fears rescue plan risks million-dollar industry

Everyone agrees the SA fishing hub needs a desal plant but horrified locals believe saline water pumped from the facility could ruin the clean Spencer Gulf.

Australia’s tuna queen, Lukina Lukin.

The Bangkok teacher who saved the Lukin tuna empire

When pioneering fisherman Dinko Lukin died in 2011, nobody thought his wife – 31 years his junior – could save the business he had left drowning in debt.

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ProTen is among Australia’s top chicken producers.

Cockfight! Roc battles rivals for Aware’s $1b-plus chicken farmer

The bidder mix suggests property-rich poultry players have been engulfed by the ever-expanding boundaries of “core-plus infrastructure” in Australian M&A.

Dairy business left behind in SPC remake goes bust

Administrators Aston Chace Group are trying to sell Nepean River Dairy and a 60-million-litre processing plant in Sydney’s Winston Hills.

January

AFR JAD Speckle Park cattle.
Photo: Amy Dickens, JAD Speckle Park

How Australia became a test bed for the future of farming

Experimental fungi and “robotic bees” are among the agtech innovations being trialled in a country on the front line of climate change.

December 2024

Elders chief executive Mark Allison was rehired in the top job in June 2023 after starting as CEO in 2014. The Elders board received a heavy protest vote for a second year running at the agm on December 19 for its botched handling of succession at the company.

Succession drama at Elders triggers huge protest vote again

A botched succession planning process where CEO Mark Allison was re-hired after the company signalled that he would be stepping down has enraged shareholders.

Treasury Wine’s Ningxia Stone & Moon Winery.

Bordeaux, Napa, Ningxia? Penfolds elevates China to prestige terroir

Treasury Wine Estates has bought a 75 per cent stake in Stone & Moon winery in a $27.5m bet that Chinese wine will one day rival prestige regions.

The pace of testing will depend on whether virus is detected in initial sampling, said Rosemary Sifford, USDA’s chief veterinarian.

US issues order mandating bird flu testing of milk supply

The virus has infected more than 500 dairy herds in top milk state California, and more than 700 nationwide since March.

November 2024

Hort Innovation is trialling the use of microdrones to pollinate plants.

Aussie VC Artesian, horticulture R&D group partner to launch $60m fund

The new fund, dubbed Hort Innovation Venture Fund, will target up to 30 local and international startups for pre-seed or early series A funding.

Bill, the co-owner of Acai Underworld in Sydney’s Lansdowne, sometimes turns away 100 cars a night.

The muscle and clout behind Australia’s $750m acai boom

Australian businesses are scrambling to jump aboard the superfood trend as it attracts fitness buffs and social media users entranced by colourful desserts.

Doug Rathbone is a small shareholder and chairman of Delta Ag, which has been bought out by Elders Ltd in a $475m deal. He also owns luxury wine brands Yering Station, Mount Langi Ghiran and Xanadu.

Nufarm entrepreneur Doug Rathbone a winner in $475m Elders buyout

The 79-year-old, who made his fortune via the crop chemicals business, will pocket a small windfall from the buyout of Delta Agribusiness by its larger rival.

Every few years, we get bankers picking over Australia’s rural services groups. This time it is Elders buying Delta Ag.

Monday’s big deal shows domestic M&A is definitely not dead

For all the bluster we hear from bankers and lawyers about the ACCC, companies are still willing to take on the competition regulator.

Original URL: https://www.afr.com/companies/agriculture