Agribusiness

Planned growers’ mutual to counter counterparty risk

Salus Mutual Management is proposing a new financial product where growers prepared to pay around $1.50/t per annum on grain contracts can protect themselves against insolvency risk.

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Liz Wells, July 16, 2021

CNH acquires precision ag company

The parent company of Case IH and New Holland Agriculture, CNH Industrial, has acquired Raven Industries, a US-based leader in precision agriculture technology…Read More

Grain Central, June 23, 2021

Ag sector underpins Australia’s economic recovery from Covid

Australia’s agricultural sector has been a shining light of solid performance throughout the Covid pandemic, setting records for production and exports and helping underpin the nation’s economic recovery…Read More

Neil Lyon, June 18, 2021

Leigh Creek urea project passes capital raising milestone

The Leigh Creek Energy urea project in South Australia has successfully completed an $18 million capital raising…Read More

Grain Central, June 16, 2021

BFB buys Temora’s Preston Grain, Derrick & Sons

Preston Grain and AW Derrick & Sons have sold to BFB, a vertically integrated cropping business based in Temora and majority owned by Canada’s PSP…Read More

Grain Central, May 17, 2021

GrainCorp posts strong 1H21 result, lifts FY21 outlook

GrainCorp has posted an underlying EBITDA of $140 million for the six months to March 31, up $35M on its corresponding 1H20 figure, and has lifted its earnings guidance for the full year to September to $255-$285M from $230-$270M seen previously…Read More

Grain Central, May 14, 2021

Glencore Ag rebrands as Viterra, March biggest ever rail month

Viterra in Australia has reported its biggest ever rail out-turn month with 215,000t shifted in March as the company rebrands globally from Glencore Agriculture…Read More

Grain Central, May 10, 2021

Boortmalt to reopen Cavan malting plant in SA

Boortmalt NV, which operates in Australia as Joe White Malting, has announced it plans to reopen its malting facility at Cavan in SA from the middle of this year…Read More

Grain Central, April 28, 2021

GrainCorp amends terms in warehousing agreement

GrainCorp has agreed to amend 19 terms in its Grain Warehousing Agreement with small business grain growers after an ACCC investigation concluded these terms were likely to be unfair…Read More

Grain Central, March 22, 2021

Financier Greensill Australia closes doors. Will ag be affected?

The Australian operations of Greensill Capital officially ceased at 5pm on Monday, raising questions about impacts to Australian agricultural companies which accessed supply chain finance through firm…Read More

James Nason, March 17, 2021

CopRice, Reid, Riverina expand in separate deals

Consolidation and expansion under way in the Trans-Tasman feedgrain sector is evidenced by three acquisitions which have taken place since December…Read More

Grain Central, February 5, 2021

Construction to commence on massive SA urea project

Leigh Creek Energy has awarded two engineering contracts for the Stage 1 commercial development of a large-scale urea production project in South Australia…Read More

Grain Central, January 18, 2021

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