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NSW explores ‘A$1bn’ privatization of softwood forest
NSW treasurer Dominic Perrottet has launched a study into the long-term lease of its commercial softwood plantation business, which sources say could raise as much as A$1bn.
Fonterra set for second loss-making year as ‘new norm’ hits performance
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.
Excess capacity in Australian dairy is the ‘new norm’: Fonterra
Fonterra’s strategic review continues with a Victorian factory closure and possible sales of Brazilian JV and Chinese farms.
Finistere enters robotics with an eye on broader markets
CEO Arama Kukutai says participation in a $8.8m funding round for New Zealand’s Invert Robotics gives the firm an entry into potential markets outside of agri.
Milltrust builds dairy portfolio in New Zealand for buy-and-lease fund
Milltrust Agricultural Investments has taken a 24.9% stake in a new entity managing a portfolio of eight dairy farms across the North and South Islands.
New Forests’ third Australia-New Zealand fund hits 50% deployment with NZ forestry purchase
The firm acquired Hikurangi Forest Farms for an undisclosed sum, describing it as a ‘cornerstone asset’ for the fund.
Fonterra sells livestock division to Carrfields as strategic review continues
The sale is the latest move in an ongoing review following the announcement of the cooperative’s first ever annual loss in September 2018.
Exclusive: NZ Super Fund considering first investments in US agriculture
New Zealand’s sovereign wealth fund is aiming to increase its ag weighting to 3% of its assets and is increasingly looking offshore to achieve this, following its first move into Australia in 2017.
Soaring commodity prices and rising land values ‘boosting Australian forestry’
We catch up with New Forests chief executive David Brand as the firm starts to deploy its A$873m third fund dedicated to the region.
AGR exits New Zealand animal weighing business in $100m sale
Managing director Daniel Master says the TIAA affiliate grew the company by expanding in Latin America and argues the dairy cycle has yet to peak.
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