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Grain farm, wheat harvest
Demand will experience a shift to higher value and more sustainable products, as a levelling-off of the population limits overall demand.
Harvest, wheat, farmland, Australia, crops
The value of Australian farmland grew for the seventh consecutive year in 2020, as the median price per hectare increased by 12.9% to reach A$5,907.
Roc Partners has bought out Emerald Grain from the Japanese conglomerate, at a time when prospects for Australia’s east coast grain industry are positive.
The family office of one of Australia’s richest men is building a significant portfolio of beef and aquaculture assets in Western Australia and plans to expand into grains.
Favorable climatic conditions have set up a bumper grains crop in Australia. But ANZ warns the sector should prepare for ‘the confluence of major global factors’, including covid-19.
Drought in Australia
Rabobank found that 41% of farmers thought agricultural conditions would worsen in the coming 12 months, after ABARES revised down its winter crop forecast for 2019-20 by 13%.
Undertakings by ANZ Terminals to divest a facility in South Australia and to exclude a facility at Port Kembla from the deal alleviates competition concerns, the competition watchdog said.
The country will remain a net exporter of cereal grains, but the proportion of grains being exported is forecast to fall from 60% down to 53% as domestic demand growth outpaces supply.
The ASX-listed firm has signed a contract with White Rock Insurance in a similar arrangement to that proposed by Long-Term Asset Partners in its failed takeover bid for the company.
The first wheat imports to Australia in years raise concerns about the sector – but there is still interest in cropping properties.
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