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Australian farm production projected to fall to Millennium Drought levels in 2019-20
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.
Meat and dairy producers are not doing their job on emissions
The meat, fish and dairy sector’s efforts to monitor and reduce greenhouse gas emissions makes for grim reading, with each stat in the Coller FAIRR Index more surprising than the last.
Rural Bank: ‘Bittersweet’ year for Australian ag exports
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.
Short-seller Bonitas resumes attack on Rural Funds Management
US-based short-seller argued that EY report was ‘not a clean bill of health’ and had ‘backfired’ on Rural Funds Management, as the ASX-listed firm begins legal action.
Premium foods and meat substitutes ‘could be worth A$25bn’ – Australia’s national science agency
The Commonwealth Scientific and Industrial Research Organisation finds that shifting consumer preferences will lead to increased demand for health foods and alternative proteins, offering opportunities for growth.
Rabobank: Australian grain-fed beef exports could grow 65% in 10 years
Research has found that the level of grain-fed beef exports from Australia could increase to more than 500,000 tonnes by 2030, due to rising demand from an increasingly wealthy middle class in China.
PSP-backed Cooke Aquaculture and Akva partner on salmon scheme
Akva chief executive Hallvard Muri says the first of at least five projects resulting from the partnership will be in Chile and comes at a time of significant investor interest in land-based aquaculture.
UK Export Finance’s $73m loan to help rehabilitate Angola’s cattle sector
Head of agency says there is a mismatch between the number of international companies interested in export credit in the country and lenders capable of operating there.
Chinese-owned Rifa Salutary puts beef portfolio up for sale
The portfolio in NSW and Victoria will be sold as a whole or in parts and is expected to fetch more than A$150m.
Four takeaways from Agri Investor’s Australia Forum
This year’s conference saw more LPs than ever before, as agriculture continues to grow as an asset class.
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