Livestock producers were among those who benefitted from the uplift, with cattle prices rising nearly 40% in the year to March.
Tag Archives | Australia
Pair chosen to operate South Australia’s services for the next 40 years – the second such deal in the country, after a Hastings-led team won a New South Wales bid in March.
The Australian super-owned vehicle was put on the block by manager AgCap in March in an auction run by CBRE.
The venture-backed New Zealand agtech company will offer up to 40 million shares at A$0.20 each before listing on the Australian stock exchange on August 31st.
The government of Australia will provide A$1m to the Samoa AgriBusiness Support Project, a seven year program launched by the Asian Development Bank in 2015.
The development is the first stage of the Chinese company’s plans for a 10,000 hectare agri development on Carlton Plains, which it acquired from Terra Firma-owned Consolidated Pastoral Company last year.
The 14 berry and citrus farms could fetch as much as A$300 million, according to Kidder Williams, the agricultural corporate advisory firm executing the sale.
The country’s 177,000 businesses in the food and agribusiness sector is to identify new products, services and business models, according to CSIRO.
While the drop is significant, production is expected to remain close to average levels in 2017-18 given that last year was a record-breaking season.
Industry Super Australia’s chief economist Stephen Anthony speaks to Agri Investor about its latest discussion paper, ‘Driving Super Fund Investment in Agriculture’.