Daniel Kemp

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.

The firm is launching its first managed investment fund, a 10-year closed-ended vehicle targeting an IRR of 8-18% that will invest exclusively in Australian timberland.

The two managers’ offers for assets owned by Resource Management Service have raised concerns with the ACCC over a potential reduction in export services.

Westchester is selling its NSW Golden Triangle property, Grainfields, expected to fetch a price of more than A$8,000 per ha.

Rural Funds Management and Bucephalus Research Partnership issued fresh rebuttals to each other this week, with RFM describing the analyst’s research as ‘false and misleading.’

ACCC makes 10 final recommendations for wine grape producers and warns that a mandatory code of conduct could be introduced in 12-18 months if sufficient progress is not made.

With climate change high on the agenda again following widespread youth strikes and a rousing speech from Greta Thunberg, it’s incumbent on Australian ag investors to take action in the absence of federal government policy.

ABARES forecasts that sharp falls in livestock production and summer crops will lead to farm production volume dropping by 15% next year, hitting lows not seen in more than a decade.

The ASX-listed REIT says it is ‘easy to make things up’ in response to research from Hong Kong-based Bucephalus Research Partnership, which echoes recent allegations made by Bonitas Research.

Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.