Daniel Kemp
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 chair Gina Rinehart said Warrabah would allow ‘increased scale’ and ‘greater operational flexibility’ for its 23,000 head Wagyu herd.
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.
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.
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.
Outside investors will be invited to participate in the takeover, with Guy Hands and his family providing a cornerstone commitment alongside CPC management.
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.
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.
Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.
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.
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