Yesterday
- Opinion
- Chanticleer
Rise of the corporate farmer changes the supermarket game
Who is growing our food? An influx of institutional capital into farmers and growers suggest the game has changed.
- Anthony Macdonald
This Month
Treasury Wines to lift Penfolds prices as China loosens tariffs
The country’s largest wine producers say there has been an immediate increase in demand from importers after Beijing loosened trade restrictions last week.
- Updated
- Simon Evans and Michael Smith
March
Rebuilding wine sales in China to take time: minister
Assistant Trade Minister Tim Ayres welcomed China’s removal of tariffs on Australian wine but said rebuilding the $1.1 billion trade will take time.
- Tess Ikonomou
China removes punishing tariffs on Australian wine trade
Beijing says the restrictions, which had devastated local winemakers, will be removed on Friday, and big producers have applauded the change.
- Simon Evans and Michael Smith
Cargill enters biofuel fray in fresh blow to GrainCorp growth plans
The global grains giant is working with a co-operative controlled by thousands of WA farmers on plans to tap into the booming market for biofuels.
- Brad Thompson
‘It’s a lot cheaper than buying a Tesla’: low-carbon milk has arrived
Dairy producer links up with Tasmanian start-up to produce the world’s first low-emissions milk.
- Gus McCubbing
Backdoor listing for Accolade on the table in AusVintage deal
The largest shareholder in Australian Vintage, which owns the McGuigan and Tempus Two wine brands, says a Chemist Warehouse-style listing of Accolade makes sense.
- Simon Evans
Olam lobs $122m bid in takeover war for Namoi Cotton
Global agribusiness heavyweights are locked in a takeover battle for Namoi Cotton and its strategic food and fibre infrastructure assets in Queensland and NSW.
- Brad Thompson
- Opinion
- The AFR View
Greens’ farming ‘crisis point’ is rubbish
The Greens are using farmers as allies of convenience to pursue their left-wing populist campaign against the supposed price and profit gouging of Coles and Woolworths.
- The AFR View
Farmers have $6b sitting in tax haven accounts
Australia’s farmers have almost $6 billion sitting in tax haven accounts and most are financially secure despite a much smaller national grain harvest and big fluctuations in cattle prices.
- Brad Thompson
Wine glut expected to plague growers for at least next two years
Excavators are “booked out for six weeks” near Griffith as grape growers rip out vineyards in the wake of punishing China wine tariffs and a shift in consumer tastes.
- Simon Evans
Greens claim farmers are in crisis. The data doesn’t back it up
The fruit and vegetable sector is expected to be bolstered by strong production growth over coming years despite the Greens claims that Australian farming is at “crisis point”.
- Tom Rabe and Carrie LaFrenz
Treasury Wine set for $100m profit bump
The owner of Seppeltsfield Estate and Gemtree says the company took a $40m hit from Chinese wine tariffs and regaining lost sales could take three years.
- Simon Evans
Treasury Wines ‘optimistic’ about proposed removal of Chinese tariffs
The CEO of Treasury Wines, Tim Ford, is “pleased” by the Chinese Ministry of Commerce’s draft intention to remove tariffs on Australian wines.
- Simon Evans
Dry conditions to cost Australian farmers, with grim outlook for wine
Dry conditions and soft international grain prices have led to Australia’s agricultural output dropping by 15 per cent, hitting farm incomes.
- Tom Rabe
CBH gatecrashes GrainCorp’s biofuels strategy, closes in on BP deal
The ASX-listed agricultural giant’s major West Australian rival is preparing plans for its own large-scale oilseed crushing plant in Perth, sources said.
- Brad Thompson
February
Commonwealth Bank lines up $650m debt for Costa Group take-private
The debt facility is expected to print on Monday evening, just as the scheme is implemented.
- Sarah Thompson, Kanika Sood and Emma Rapaport
McGuigan owner Australian Vintage considers merger with Accolade
The ASX-listed group told investors it was in “exploratory discussions” with the Bain-controlled owner of the Hardys, Banrock Station and Petaluma brands.
- Simon Evans
Treasury Wine cuts dividend as US profits slide
Chief executive Tim Ford says a downturn in December-half profits in the US is the low point, and the 19 Crimes brand, led by figurehead Snoop Dogg, will revive.
- Updated
- Simon Evans
Project Gentle: Wide Open Agriculture seeks to divest WA food brand
PKF advisors are busy drumming up interest in the wholesale food distribution brand.
- Sarah Thompson, Kanika Sood and Emma Rapaport
