Daniel Kemp

Aquaculture firm Seafarms Group novated its option to buy Legune Station in the Northern Territory to AAM but signed a lease to continue developing Project Sea Dragon.

Long-Term Asset Partners appeared out of the blue to bid for the agribusiness, with a purported link-up with Allianz to help remove volatility from ag investing – but GrainCorp’s business is ripe for disruption anyway.

ABARES, the country’s agriculture bureau, revised down its prediction from September 2018 to reflect ‘unfavorable’ conditions in most cropping areas.

Asset manager Long-Term Asset Partners, backed by an undisclosed group of Australian investors, offers to acquire 100% of the company’s shares.

The wine maker has agreed a 10-year PPA with Flow Energy for more than 9,000MWh of power each year at its New South Wales asset.

Australia’s richest woman and chairman of Hancock Prospecting Group has criticised excessive red tape and the ‘burdens’ placed on ag by government.

Andrew Day, who led Hastings Funds Management for six years, will step into the role later this month.

The listed vehicle has purchased the farm to give its portfolio greater geographical diversification.

The dairy producer has bowed out of contention in the race to buy Capilano, with a China-focused consortium poised to triumph.

The Gina Rinehart-owned business will use the acquisition in New South Wales to increase its 20,000 head of cattle.