Daniel Kemp
New Forests’ Australia New Zealand Forest Fund 3 has acquired its first asset in Western Australia, purchasing hardwood plantation assets near Bunbury from Mitsui Bussan Woodchip Oceania.
NSW Treasury said around 25 percent of Forestry Corporation of NSW’s softwood division had been damaged by the summer bushfires.
NZ Super Fund deployed more capital into its beef JV Palgrove and is open to further acquisitions.
The ASX-listed firm is unlikely to be able to enforce its win over the US-based Bonitas Research, but having a judge find in its favor is victory enough.
Daybreak Cropping has purchased Erregulla Plains, extending PSP’s agricultural exposure in Australia to Western Australia’s northern Wheatbelt for the first time.
Justice Hammerschlag found that Bonitas Research and CEO Matthew Weichert had disseminated information that was ‘false in material particulars’ and ‘materially misleading’.
The firm purchased plantations from Norske Skog and signed a long-term contract to supply timber to the Norwegian firm’s mill on the island.
One of Australia’s largest winemakers has entered the market after going into administration last month, with agents expecting ‘wide-ranging’ interest.
Increased capital requirements for New Zealand’s banks will lead to higher interest rates and less appetite to lend to sectors like agriculture.
Credit Suisse has highlighted the 'perfect margin squeeze' for agribusinesses and primary producers presented by water scarcity but efficiency innovation continues to present investment opportunities.