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Steve Jarrott
Steve Jarrott joins Warakirri from Westchester, where he was Australian portfolio manager, to oversee its latest diversified ag fund.
Rural lender issues pessimistic winter crop outlook for 2019-20 that is significantly lower than official government forecasts.
The heads of two of Australia’s largest beef producers said that northern Queensland floods had benefited their portfolios in some ways, with portfolio diversification also helping to mitigate negative weather events.
Ongoing drought in eastern and northern Australia has put downward pressure on prices and led to a spike in production last year due to a lack of pasture.
Farm income returns dropped to their lowest level in four years as dry conditions persist in eastern and northern Australia, but annualized returns remain steady year-on-year.
Consultant Aither found the average monthly water allocation price was A$550/ML, with entitlement values also ‘well above’ previous records.
New Zealand dairy giant flags writedowns of more than NZ$800m ahead of its full-year results in September when it will report its second ever annual loss.
Sunrice chairman Laurie Arthur warns of casualties among irrigation enterprises and industries if horticultural development keeps going at the current rate.
The first wheat imports to Australia in years raise concerns about the sector – but there is still interest in cropping properties.
ABARES, the country’s agriculture bureau, revised down its prediction from September 2018 to reflect ‘unfavorable’ conditions in most cropping areas.
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