Eastern Australian drought costs Incitec Pivot $21m in FH19 results

Drought in eastern Australia has bitten into sales volumes for leading Australian fertiliser company Incitec Pivot Limited (IPL), which has this week released its financial results for the half-year ended 31 March…Read More

Grain Central, May 21, 2019

Dry weather impacts Elders half-year profit and earnings

Drought conditions across large parts of eastern Australia have impacted Elders’ half-year results announced today, with statutory net profit down $14m from the same period last year to $27.4m…Read More

Grain Central, May 20, 2019

Ruralco diversification drives half-yearly growth, profit and dividend

Ruralco has attributed its three per cent growth and after tax of $16.6 million for the half year ended 31 March 2019 to its diversification strategy…Read More

Grain Central, May 16, 2019

Green light for 40ha medicinal cannabis venture in southern Qld

The world’s largest medicinal cannabis cultivation, research and manufacturing facility is set to be developed on the outskirts of Toowoomba on Queensland’s Darling Downs…Read More

Neil Lyon, May 10, 2019

Altered state plagues GrainCorp FH19 result

Drought in eastern Australia has hit home in GrainCorp’s half-yearly results with the agribusiness reporting an underlying net loss after tax of $48M for FH19 compared with $36M net profit after tax in 2017-18…Read More

Liz Wells, May 9, 2019

Long-Term Asset Partners shelves bid for GrainCorp

Long-Term Asset Partners has dropped plans to launch a takeover bid for global trader and maltster and beleaguered eastern states bulk handler GrainCorp Limited. ..Read More

Grain Central, May 8, 2019

$1.2 billion drawdown shows FMD scheme is working

The national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended…Read More

Grain Central, May 7, 2019

Namoi Cotton’s joint ventures weigh into FY19 loss

Big losses in joint-venture operations with Cargill and Louis Dreyfus have impacted on the results for Australian ginner Namoi Cotton Limited…Read More

Grain Central, May 1, 2019

US farmer’s share of food dollar falls to all-time low

For every dollar United States consumers spend on food, farmers and ranchers there earn just 14.6 cents, according to a recent report by the US Department of Agriculture…Read More

Grain Central, April 26, 2019

Market failure plagues multi-peril crop insurance

The Australian multi-peril crop insurance and drought insurance market is in disarray with providers exiting the market and a lack of products, according to the 2019 GrainGrowers Multi-Peril Crop Insurance report…Read More

Grain Central, April 24, 2019

Agricultural risk prevention better than cure: AFI

The Australian Farm Institute’s latest report calls on government to look at the benefits of risk mitigation instead of distress payments to farmers. ..Read More

Grain Central, April 23, 2019

Israel crop-monitoring platform expands to Australia

Global crop-monitoring platform Taranis is expanding into the Australian market through a partnership with distributor Landmark Australia and agrichemical company ADAMA Australia…Read More

Grain Central, April 23, 2019

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