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Daniel Kemp

AAM Investment Group buys Australian property to create mega prawn farm

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.

GrainCorp offer remains shrouded in mystery

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.

Dramatic cut to Australian winter crop forecast, as production expected to drop 23%

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

Australian investors make A$2.4bn bid for agribusiness giant GrainCorp

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

Australian Vintage signs landmark renewables PPA for winery

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.

Gina Rinehart blasts government interference in Australian ag

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

Blue Sky appoints former Hastings boss as chairman

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

Duxton Broadacre Farms buys A$15m South Australia mixed property

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

Bega Cheese to sell Capilano stake and clear way for take-private bid

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

Hancock Prospecting buys 3,200ha Australian property to expand Wagyu herd

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

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