Sun sets for SunRice chief after bumper crop and profit
After overseeing total shareholder returns of more than 400 per cent during his 11-year tenure, Rob Gordon says the time is right to retire.
Agribusiness
Farmers look to 2023 with confidence: survey
Despite high input costs, excessive rainfall and biosecurity concerns, more than half Australian farmers are looking to 2023 with confidence after a ‘mixed bag’ last year.
Chips off the menu amid spud shortage
Australia is facing a national shortage of chips and other frozen potato products ahead of anticipated soaring demand over the summer period.
Stampede for cattle stations in Queensland
A string of Queensland cattle properties have sold over the last couple of months as cashed-up buyers lock in deals before Christmas.
Bellamy’s in breach of FIRB rules: ex-CEO
The former chief executive of Bellamy’s Organic has accused the infant nutrition company’s Chinese owner of breaching foreign investment rules and overseeing ageist and sexist practices.
Fonterra ups forecast, lowers farmgate price guidance
The world’s biggest dairy exporter says the fundamentals of dairy farming remain strong despite inflationary pressures mounting.
Oligarch ‘seizes 400,000 acres of Ukrainian farmland’
Soon after Russian tanks rolled into Ukraine, farmers lost land equivalent to twice the area of NYC. But it wasn’t taken by the military.
Canberra preparing to enter water market
Canberra’s bureaucrats are rushing to buy water in the New Year, stripping Murray Darling Basin communities of their most precious resource.
De Bortoli Wine holds tight on prices despite inflation
The company, which recently launched a wine with pop star Kylie Minogue, has kept its wine prices static despite inflationary pressures as it tries to be competitive.
Two major farm sales top $440 million
In two separate deals, a major QLD cattle company has been sold while more premium Australian vineyards have been bought by investors.
Illegal pay rates still common for piece rate workers
More horticulture employers in Victoria are now paying minimum wage, but piece rates are still common across NSW without a minimum wage guarantee.
Pocock IR amendments a win for ag
Senate crossbencher David Pocock has notched some wins for farmers in changes to Labor’s controversial industrial relations bill.
UK tax bid crushing for Aussie wine
Australia will raise concerns with the UK over its push for an alcohol excise duty on our wine.
Beekeepers stung by losing years of income
Apiarists whose livelihoods were ruined after they were forced to destroy their hives to help eradicate varroa mites within Australia are calling for ongoing compensation to cover their loss of income.
Beston racks up fourth strike on the trot, blames Chinese holders
Beston Global Food Company chair Roger Sexton has blamed the company’s major Chinese shareholders for a fourth strike vote in as many years.
NSW flooding wipes out harvest at Duxton Farm
ASX-listed agriculture investor Duxton Farm says major flooding in eastern Australia has wiped out most of its winter and summer crops, and put a major dent in its profit forecast.
Barramundi, kingfish on the Tassal menu
Tasmania’s Tassal is looking beyond salmon and prawns as it enters new ownership under Canadian seafood giant Cooke Aquaculture.
Rinehart’s S. Kidman & Co to sell four cattle stations
S. Kidman and Co. will divest four cattle stations with the capacity to run more than 45,000 head across the NT and Queensland.
Outspoken A2 Milk chairman flags exit, defends no dividends
David Hearn says a $NZ150m share buyback is a better way to reward shareholders than a dividend as he announces he will step down from A2 Milk next November.
Grapes of wrath: Why tonnes of fruit will be left to rot
As much as 30 per cent of the current harvest could be left to rot as the impact of China’s blockade of the Australian industry continues to be felt two years on.
Secret death: How Deliveroo planned its demise for weeks
Documents lodged with the corporate regulator reveal how Deliveroo planned in secret to shut down its Australian operations.
Billionaire beef club AACo’s plan to fight inflation
The boss of Australia’s biggest cattle producer has welcomed a potential thawing of relations with China and an impending FTA with the UK, saying it will help it combat inflation.
Top Aussie winemaker welcomes Albanese, Xi talks
Australia’s biggest winemaker Accolade Wines, which owns Hardys and Arras, applauds Albanese’s talks with Xi and is ready to relaunch into China if crippling tariffs are removed.
GrainCorp hands out special dividend after record earnings
GrainCorp has harvested record earnings and, despite floods on the east coast, is predicting a good crop in the season ahead.
Grape growers to meet with the ACCC
The commercial red grape industry, already in a heavy downturn, is facing another hurdle with claims of a fresh squeeze.
Ag exporters pin hopes on Albo-Jinping outcome
Beef, barley, timber, wine and lobster exporters hope the PM’s meeting with the Chinese president will thaw trade relations.
United Malt boss says beer and whisky can be recession proof
The world’s fourth-biggest maltster reports a profit slump and skips final dividend payment, but says beer and whisky can be strong even through a recession.
Brokers call for irrigators to sell to federal government
Waterfind has called on irrigators to lodge the volume and price of water they are willing to sell to the federal government.
Elders shares dive as CEO announces retirement
Elders lost $475m in market value after announcing long-serving CEO Mark Allison would retire, and warned heavy rain was creating uncertainty around crop harvests.
Beston board pleads for time to let reset bear fruit
Beston Global Food Company has orchestrated a fix to its short term debt and capex needs, but the board could face a tricky annual meeting later this month.
Original URL: https://www.theaustralian.com.au/business/agribusiness/page/18