Mitchell appoints administrator to his own firm
Administrators have taken control of WealthCheck, but creditors are warning attempts by Sam Mitchell to stave off a collapse of his agribusiness group will be challenged.
Agribusiness
GrainCorp backs green fuel push
GrainCorp chief executive Robert Spurway has backed the Albanese government’s launch of a consultation process on developing an Australian renewable fuels industry.
How our fields of gold can fuel the future
The premium quality and high oil content of our national canola crop makes those fields of gold a prime feedstock for any future onshore renewable fuel production.
Farmers’ confidence levels dip on patchy season
Fewer farmers expect the agricultural economy to improve in the coming year but the chance of a La Niña event to come provides some hope, the latest Rabobank survey finds.
Rural empire’s legacy of debt and broken promises
The cattle country empire of Sam Mitchell has been taken over by receivers, leaving in its wake debts, unfulfilled promises and plenty of questions. Here we unravel the WealthCheck demise.
Millions in coffers after end to meat trade war
The economic impact of China reinstating trade with five banned Australian meatworks will be felt almost immediately.
Austal tells Hanwha to put up or shut up
If Korea’s Hanwha is so confident of getting its bid over the line it shouldn’t be concerned about stumping up a break fee, Austal is understood to believe.
Cattle crash: Thomas and Mitchell play comes undone
Two cattle companies linked to Sydney agriculture deal-makers Sam Mitchell and Danny Thomas have collapsed owing millions.
Agricultural land dealmaker bites the dust
The Bondi-based high-flyer behind $500m of agricultural deals – Sam Mitchell from WealthCheck – has crash landed after his main companies were put into liquidation.
Agricultural exports to fall despite improved outlook: ABARES
Farmers can expect an improved 2025 financial year despite a forecast 4 per cent fall in the value of agricultural exports because of lower crop prices.
La Nina forecast to drive rise in winter crop planting
Despite a mixed start to the season Australian farmers are expected to increase winter crop planting on the back of expectations of a La Nina-inspired recovery in the west.
Beston loses two directors
The struggling Beston Global Food Company’s board has been whittled down to just three directors after two board members resigned.
Borrowing boom as businesses beef up assets
CBA’s business bank is seeing record levels of vehicle and equipment financing despite the murky economic outlook.
Queensland ranked the top state for carbon farming
Hundreds of land owners in Queensland are seriously considering carbon farming, with the state ranked as the most supportive for the burgeoning industry.
Clean Seas joins fight against desal at Billy Lights Point
Clean Seas Seafood has joined the chorus of protest against a proposed desalination plant at Billy Lights Point near Port Lincoln, saying the plant could be a “white elephant”.
Elders boss slams government over ‘wrong priorities’
Mark Allison has slammed the Albanese government for failing to tackle the perfect storm of challenges facing farmers across rural Australia.
New product touted to make farmers millions, cut carbon
In a world-first, an Australian-made product which ‘will change agriculture’ has been given the scientific tick of approval.
Beston cash crunch forces farmers to wait for milk money
South Australia’s biggest dairy processor has blamed tough markets for delaying payments.
NZ throws out the cream to make clean Aussie exit
By going down the value chain, Fonterra is turning dairy convention on its head.
GrainCorp ups fuel ambitions to $500m with budget tailwind
The agribusiness has increased its capital expenditure target for a new oilseed crush facility to $500m, with the budget’s green fuels focus providing a boost.
Original URL: https://www.theaustralian.com.au/business/agribusiness/page/9