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Rich farmers

This Month

Jeremy Clarkson at the farmers’ protest against inheritance tax in central London.

‘Authentic’ Jeremy Clarkson tops polls in disaffected, desperate UK

His shift from Top Gear cars to Diddly Squat cows has so enhanced Clarkson’s everyman appeal that people are asking if a political future beckons.

  • Hans van Leeuwen

October

Ellerston Capital's Ashok Jacob.

Project Crescent: Ellerston taps into WA’s wheat belt with agri bet

The deal terms mean it can force an IPO of the leading John Deere agricultural equipment distributor after three years.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Adelaide businessman Ed Peter is restructuring part of his business empire.

Ed Peter’s Duxton empire in pain as it cuts jobs, sells properties

The former bank executive has built a considerable asset management business with wealthy backers. But tough times have forced it to restructure – and shrink.

  • Primrose Riordan and Simon Evans

September

Why the family farm has become a huge inheritance challenge

Succession planning can be extremely difficult, but it doesn’t have to be if you start talking early and come up with a workable strategy.

  • Larry Schlesinger

August

Beef heir Anthony Lee, current Australian Country Choice CEO and son of billionaire Trevor Lee.

The beef baron, the waste magnate and the battle for Brisbane

A bustling weekend farmer’s market on the city’s fringes has emerged as a battleground in a stoush between two industry titans.

  • James Hall
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July

National Farmers’ Federation president David Jochinke.

Cattle farmers go to war with Labor over class action

Cattle farmers have accused Attorney-General Mark Dreyfus of launching an appalling, contemptuous and “outrageously misleading” attack on them.

  • Ronald Mizen
Attorney-General Mark Dreyfus.

Cattle farmers trying to boost profits at taxpayers’ expense: Labor

Attorney-General Mark Dreyfus says the government was not budging on its $215 million offer to settle a decade-old class action.

  • Ronald Mizen

March

Cattle

Farmers have $6b sitting in tax haven accounts

Australia’s farmers have almost $6 billion sitting in tax haven accounts and most are financially secure despite a much smaller national grain harvest and big fluctuations in cattle prices.

  • Brad Thompson

January

Secretive Chinese billionaire Hui Wing Mau is the controlling shareholder in real estate group Shimao, and has a number of holdings in Australia.

Inside the descent into chaos at a Chinese billionaire’s cattle empire

“My view was that animals would die, employees would leave, the companies would be sued, and then more cattle would die.”

  • Primrose Riordan

November 2023

John Kahlbetzer snr playing at family Polo grounds at Jemalong in 1993.

John Kahlbetzer, from oil rigs to the Rich List, dies

German-born Kahlbetzer worked in the fossil fuel industry after arriving in Australia in his early 20s before his entrepreneurial flair built a vast fortune.

  • Updated
  • Brad Thompson

July 2023

goFARM chairman Robert Costa.

What Robert Costa thinks of $1.6b takeover offer

The co-founder of Costa Group sees spinning off part of Australia’s biggest horticulture business as a smart option, amid a $1.6 billion private equity approach.

  • Brad Thompson

May 2023

Kimberley cattle

Labor offers $215m to end decade-old live export legal stoush

Cattle farmers have been offered the money to end the court battle over Labor’s 2011 temporary ban, well below the industry’s $2 billion demand.

  • Ronald Mizen

March 2023

Former Bendigo and Adelaide Bank managing director Mike Hirst.

Banker warns super tax may force ‘a hell of a lot’ of farmers to sell

AMP director Mike Hirst, who owns a cattle farm near Geelong, says Labor’s proposal could force farmers who “eke out a living” on the land to sell their properties.

  • Gus McCubbing and Hannah Wootton

January 2023

Jumbuck Pastoral bought Wave Hill Station for $104m in February 2021.

Billionaire cattle barons cash in on booming beef prices

Gina Rinehart and Brett Blundy offloading up to $1 billion worth of property, in a once in a generation change.

  • Larry Schlesinger and Ingrid Fuary-Wagner

October 2022

Victorian Farmers Federation president Emma Germano in 2018.

A farmer lobbyist pushes the panic button

Policymakers should ignore the Victorian Farmers Federation’s warning that Australia could be heading into a famine because of poor planning.

  • Aaron Patrick
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July 2022

City-state Singapore is an unlikely agricultural powerhouse.

Fish and Impossible Foods make Singapore an unlikely farm powerhouse

The city-state’s $417 billion investment fund has thrown its weight behind agriculture, putting it in a prime place to cope with the worsening global food crisis.

  • David Ramli

March 2022

The National Farmers Federation is calling for more subsidies, despite a lucrative period for the industry.

Farms have never been so lucrative – and lobbyists want more subsidies

A compliant rural media helps the National Farners’ Federation, which this week sought funding for a bureaucracy to lobby for itself.

  • Aaron Patrick
Farm gate output will hit a record $81 billion in 2022.

Farm gate output to hit record $81b in 2022

Almost perfect growing conditions and booming  prices will help Australian farmers produce a record $81 billion in produce – $3 billion more than previously expected. 

  • Ronald Mizen

October 2021

British tariffs on Australian lamb are set to be phased out over the next decade and a half.

Privileged farmers seek special treatment in climate deal

The case for a rural slush fund in return for farmers’ support for a net-zero-by-2050 climate target is dubious.

  • Aaron Patrick

September 2021

Moonbah sold $750,000 over the reserve.

Sheep farm sells $720k over reserve as Sir Michael Hintze lists again

Moonbah in Condobolin attracted bids from across the country as farmers look to expand their businesses amid record prices for beef and other commodities.

  • Larry Schlesinger

Original URL: https://www.afr.com/topic/rich-farmers-1mqy