Home Australia

Australia

Blue Sky loses key personnel from water team – exclusive

Investment directors Michael Blakeney and Nick Waters are leaving in a development that MD Kim Morison described as ‘disappointing.’
BFB portfolio

PSP buys majority stake in BFB from Proterra Investment Partners

The deal represents PSP’s latest major investment in Australian agriculture and has received FIRB approval.

Kilter Rural sells 50% stake to Regal Funds Management and launches A$250m farmland fund

Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.

CPC divestment continues with sale of three cattle stations to Vietnamese group

The Australian company, owned by Terra Firma, further sells down its portfolio in the $97m deal with the little-known investor.

Outlook 2019: Australian Ag caught in US-China trade crossfire

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.

Outlook 2019: Singling out Australian ag

The year ahead could see a shift in how some foreign investors seek to gain exposure to agriculture Down Under.

AAM Investment Group buys Australian property to create mega prawn farm

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.

GrainCorp offer remains shrouded in mystery

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.

EU and Australian drought boosting global grain prices, says Rabobank

Cost rises and tighter supplies will put EU beef producers under increasing pressure.

Dramatic cut to Australian winter crop forecast, as production expected to drop 23%

ABARES, the country’s agriculture bureau, revised down its prediction from September 2018 to reflect ‘unfavorable’ conditions in most cropping areas.

Copyright PEI Media

Not for publication, email or dissemination