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Exports of Australian wine to China fell to A$8.1m in 2023 from $1.1bn three years earlier, as tariffs effectively removed the country as a trading partner.
Farm, Australia, Cotton Combine
The annualized return for Australian farmland to the end of June 2023 stood at 2.01%, comfortably the lowest figure since the Australian Farmland Index was launched in 2015.
Mushrooms
Paine Schwartz Partners has reduced its takeover bid for ASX-listed Costa Group to A$3.20 per share, down from a previous bid of A$3.50, after Costa lowered its forecast earnings for H2 2023.
The Australian Taxation Office has published its annual report covering the state of its register of foreign ownership of Australian water – with Canadian investors still the largest holders of water entitlements.
Glass bottle olive oil
The sale represents Cibus Capital’s first exit of a wholly owned portfolio company from the $322m Cibus Fund I.
Aerial view of farm near Bundaberg, Queensland
Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.
There are fears that the federal government’s pursuit of 450GL of water through buybacks could cost the state roughly A$15bn, raise water prices and harm food security.
Water fountain
Aither’s annual Water Markets Report shows decline in the Aither Water Entitlement Index, a measure of entitlement values, for the first time in a decade.
The TIAA affiliate reportedly plans to initially not charge any fees as a way to entice independent RIAs, broker-dealers and other wealth management firms.
The minority investment into Parreira Almond Holding Company is the first in support of a 'farmland plus' strategy spearheaded by NewAg Partners co-founder Marcus Wignell and a pair of former Bunge executives.
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