Agriculture Down Under is an export-oriented industry, with around 25% going to China and a significant chunk also heading to the US, which means it faces being caught in the middle of tensions between the two superpowers.
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.