Machinery manufacturer, Rebel Equipment, has this week dispatched its first ever order to Europe from its Forbes workshop in central west New South Wales.
The collapse of chicken processor, Red Lea, has forced its 30 NSW poultry producers to seek new supply agreements, and is expected to cost Ridley Corporation up to $7 million as it looks for a new source of raw material for its Maroota mill.
THE prized Riverina irrigation property, Gundaline Station at Carrathool, has sold for an undisclosed price to an as-yet unnamed foreign buyer while a neighbouring family farming partnership has bought Bland Creek, a mixed farming property east of West Wyalong on the southwest slopes of NSW, for $3.15 million.
The Kahlbetzer family’s Twynam Agricultural Group has sold its three Lachlan Valley holdings to two overseas companies, Optifarm and MERS Global Investments LLC, for a total of more than $115 million.
A chance to buy into or expand in one of Australia’s premium cropping regions has come up with the offering of Glencoe, a 2592-hectare aggregation at Bellata in north west NSW.
An asset class which brings together high net-worth investors and farmers who want to give up their asset without giving up their farm is emerging on Australia’s rural property scene.
Macquarie’s Viridis Ag has kicked off its investment portfolio by purchasing The Grange at Dongara, south of Geraldton in Western Australia.
Storms in the past fortnight have brought 10-250 millimetres of rain to cropping areas of Queensland and northern NSW, disrupting the summer-crop harvest in some areas, but bolstering planting prospects for the upcoming winter crop in most.
The Australian Senate’s vote last night to cut 70 gigalitres (Gl) of water available to users in the northern reaches of the Murray-Darling Basin has sparked the ire of agricultural bodies including the National Farmers Federation (NFF), Cotton Australia, NSW Farmers’ Association, the Queensland Farmers’ Federation and the National Irrigators’ Council.
The strong year-end earnings of A$142m by GrainCorp in last year’s bumper crop would dwarf its current season outlook, seen cutting earnings projection by at least half for year-ended 30 September 2018.