Today
Queensland industries fear migration cut will worsen worker shortage
Slashing migration numbers risks compounding stretched workforces, Queensland industries warn.
- James Hall
Yesterday
Elders chair overrules shareholders
When 63.6 per cent of shareholders indicate they don’t want to grant a CEO some 180,000 free shares, most chairmen would listen. Not Ian Wilton.
- Myriam Robin
Elders plunges to worst result in 10 years on wayward BOM forecast
Farmers sold livestock and cut orders for farm chemicals based on the weather bureau’s prediction of an El Nino hot and dry period, which did not eventuate.
- Simon Evans
Costa family-backed GO.FARM seeks $300m for new agricultural fund
Stressed assets – either from receivership or family dynamics – is where the firm has harvested nearly a third of its 100-plus deals since its founding in 2013.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Updated
- Food bowl
Fonterra puts its Australian dairy assets up for sale
The New Zealand-based co-operative is behind household brands such as Western Star butter and Mainland cheese and has eight local manufacturing sites.
- Updated
- Brad Thompson
Biofuels battle: GrainCorp puts $500m-plus price tag on oilseed plant
Robert Spurway says market was underestimating the cost of building a major expansion, and the potential returns amid growing demand for biofuels.
- Brad Thompson
ACCC intervenes in bidding war over Namoi Cotton
The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.
- Kylar Loussikian
Conscious IM bankrolls agricultural acquisition for carbon credits
Under the deal, Conscious has chipped in 100 per cent of the acquisition price as debt for Greening Australia to sole ownership of the property dubbed Dixieland.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Food
Beef giant’s earnings dip but CEO says there’s ‘strong demand’
The beef giant saw a drop in profits as rivals pushed more meat onto the market and costs rose.
- Updated
- Liam Walsh
Incitec advisers work through final checklist for $1b fertiliser deal
The army of lawyers and bankers around Incitec Pivot’s $1 billion-plus fertiliser deal are feeling good.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Louis Dreyfus fires back at Olam in takeover battle for Namoi Cotton
The French agribusiness has struck another blow in the battle with its Singaporean competitor for control of Namoi Cotton.
- Brad Thompson
AusVintage turmoil may strengthen Accolade’s hand: Allan Gray
The boss of Allan Gray, with a 17pc stake in Australian Vintage, is concerned larger player Accolade Wines may seize on management upheaval to drive a harder bargain.
- Simon Evans
GrainCorp profit downgrade casts doubt over earnings target
GrainCorp boss Robert Spurway is expected to face a grilling over the company’s through-the-cycle guidance after a downgrade to 2023-24 earnings.
- Brad Thompson
McGuigan owner Australian Vintage dumps CEO over ‘conduct’ issues
The ousted CEO of Australian Vintage, Craig Garvin, is ‘considering legal options’, while the chairman says his exit won’t have an impact on merger talks with Accolade.
- Updated
- Simon Evans
Takeover battle for Namoi Cotton heats up with fresh bid
Singapore-based group Olam has moved to trump Louis Dreyfus’ latest takeover offer for the Australian business.
- Brad Thompson
Australia eyes UK, India for sheep meat trade ahead of live export ban
China, the United Kingdom and India are among countries the Australian government hopes will buy more processed sheep meat after it bans live export.
- Tom Rabe
April
Louis Dreyfus hits back in bidding war for Namoi Cotton
The French agribusiness giant has trumped a takeover from Olam in the latest twist in the battle for Namoi Cotton.
- Brad Thompson
Louis Dreyfus confirms higher bid at Namoi Cotton
The French commodities giant has confirmed it intends to make a 60¢-a-share bid for Namoi Cotton, after Street Talk reported it had beefed up it advisory lineup.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why Mike Cannon-Brookes invested in this mushroom
A tree-planting boom is required to get the world to net-zero, and the billionaire is betting mushrooms and fungi will be a crucial enabler
- Peter Ker and Lap Phan
Super growers take on Woolies, Coles with private equity cash
Giant pension funds from Canada, Singapore and US private equity are behind super producers who account for half the $9.1 billion fruit and vegetable market. Bigger is better, and Australia is mirroring a global trend.
- Simon Evans and Carrie LaFrenz
