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Agriculture

This Month

Sam Elsom, CEO of Sea Forest

How to cut emissions with seaweed and burgers

The development of asparagopsis as a livestock feed supplement is just one of many ways the agricultural sector is reducing emissions.

  • Larry Schlesinger
Treasury Wines ceo Tim Ford

Penfolds owner Treasury Wine hit with first strike over pay

Exiting chairman Paul Rayner defended share-based incentive payments to the CEO because China wine tariffs came as a shock that no one could have forseen.

  • Updated
  • Simon Evans
Levantine Hill owner Elias Jreissati and winemaker Paul Bridgeman.

Vineyard Levantine Hill lands on opportunistic credit fund’s radar

Arbritium went as far as to seek co-investors for the deal but was eventually knocked by the Jreissatis given its double-digit interest rate, sources said.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Sam Elsom in the Sea Forest lab.

Why this Australian seaweed farmer is setting his sights on Europe

The intense pressure on British and European farmers to cut methane emissions has opened up a major market opportunity for Tasmanian start-up Sea Forest.

  • Hans van Leeuwen

September

Farmer and meat processor Roger Fletcher.

‘Farmers are spooked’: Why no one wants to buy sheep

Livestock prices are crashing as supply and demand dynamics pull the rug out from under the industry. And there could be more pain to come.

  • Brad Thompson
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Bindi Murray on her Woodanilling property in rural WA.

Sheep prices plunge to $1 a head as farmers flood market

Farmers are scrambling to sell before summer as Australia’s sheep flock and breeding ewe numbers hit their highest level since 2007.

  • Brad Thompson
GrainCorp managing director Robert Spurway.

GrainCorp boss has no fear of El Nino as farmers count down to harvest

GrainCorp boss Robert Spurway says the company can’t control the weather but is ready to respond to whatever comes its way.

  • Brad Thompson
Costa Group is a big processor of mushrooms, avocados, tomatoes, berries and citrus fruit.

Paine Schwartz wins over Costa board with cut-price $1.5b offer

The chairman of Australia’s largest fruit and vegetable group says the certainty of cash in an uncertain environment outweighed other issues.

  • Simon Evans
Costa’s board is set to agree to a lowered bid from Paine Schwartz Partners.

Berry nice! Costa board set to sign Paine Schwartz’s lowered $3.20 bid

Costa’s board is set to bless Paine Schwartz Partners’ $3.20-a-share offer. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
John Bostock, a chemistry student turned horticulturist, is seeking expressions of interest for his business.

Craigs invites bidders to taste test $200m-a-year Kiwi Costa

It exports into more than 30 markets, with North America and Asia (including Japan) making up more than 75 per cent of the revenue.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
James Schultz, co-founder at GreenCollar, says he made sure staff had a big stake when KKR invested in 2020.

How 120 workers made millions in KKR’s Australian carbon play

Big Canadian pension’s acquisition of Australian carbon projects group GreenCollar will see the company’s workers split tens of millions in profits.

  • Anthony Macdonald
Costa says weather-related issues are affecting the yield and quality of its produce.

Paine Schwartz slices more than $100m from Costa Group bid

Shares in the country’s largest fruit and vegetable processor slipped after the New York private equity group had a rethink on price.

  • Simon Evans
As conditions moderate, buyers will become more discerning about where they invest in agricultural land.

Live sheep ban is ‘futile’, emirate warns Australia

Kuwait’s government has effectively branded a planned ban on Australian sheep exports as unworkable because it will continue to source live animals from elsewhere.

  • Andrew Tillett
Joe Lewis, in sunglasses, is defending the insider trading action.

Defending insider charge, Joe Lewis lifts his holdings in AACo

Lawyers for two pilots accused of trying to trade on inside information in Aussie beef giant also argued they had no conflict of interest.

  • Liam Walsh
Sugar piled up in the Tate & Lyle refinery’s massive hangar.

How the UK trade deal is giving Aussie farmers a sugar hit

This week the first shipment of Queensland cane sugar arrived at a London refinery, reviving a trading relationship that has been dormant for half a century.

  • Hans van Leeuwen
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August

Costa says weather-related issues are affecting the yield and quality of its produce.

Costa delays dividend call with takeover offer up in the air

Australia’s biggest horticultural company says it will update the market on a $1.6 billion takeover offer in September.

  • Brad Thompson
Sugar cane is a source of green energy with the crop being primary feedstock for ethanol.

Global buyers sweet talk Bundaberg Sugar, owners start $600m auction

Belgium’s Finasucre, which has controlled the Queensland business for more than two decades has tapped Lazard Australia and Kidder Williams.

  • Sarah Thompson, Kanika Sood and Emma Rapaport