Daniel Kemp
MIRA and QIC maintain cattle herds amid ‘difficult decisions’ during drought
The heads of two of Australia’s largest beef producers said that northern Queensland floods had benefited their portfolios in some ways, with portfolio diversification also helping to mitigate negative weather events.
Hancock Prospecting buys NSW cattle station to expand Wagyu production
Hancock chair Gina Rinehart said Warrabah would allow ‘increased scale’ and ‘greater operational flexibility’ for its 23,000 head Wagyu herd.
Australian beef and sheep returns drop in 2017-18 despite export volume growth
Ongoing drought in eastern and northern Australia has put downward pressure on prices and led to a spike in production last year due to a lack of pasture.
ACCC sets out terms for Murray-Darling Basin water markets inquiry
The Australian competition watchdog will examine how water markets' participants behave and what impact they have on water prices, as well as the extent to which the markets' original objectives have been achieved.
What the CPC management buyout tells us about Australian agriculture
An MBO led by Guy Hands, whose Terra Firma owns CPC, shows the lack of interest from other corporate farmers in the portfolio – but Hands and CPC management should be applauded for re-investing.
Terra Firma’s Guy Hands to lead MBO of Consolidated Pastoral Company
Outside investors will be invited to participate in the takeover, with Guy Hands and his family providing a cornerstone commitment alongside CPC management.
Rural Funds publishes property values in continuing defense of business
Embattled listed fund manager, which generates income by leasing farmland, published a farm-by-farm breakdown of property values as it tried to reassure investors in the face of a short-selling attack.
Drought sees Australian farmland returns dip in Q2 2019 – NCREIF
Farm income returns dropped to their lowest level in four years as dry conditions persist in eastern and northern Australia, but annualized returns remain steady year-on-year.
MIRA closes third ag fund on A$1 billion hard-cap – exclusive
Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.
PSP to take Australia’s Webster private in A$724m deal
Canadian pension fund PSP has agreed to acquire 100% of the shares in Webster, Australia’s largest walnut producer and a significant holder of water entitlements in the Murray-Darling Basin.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: subscriptions@peimedia.com.