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Agribusiness

Govt to give DPIRD $131.5m

The state government will outlay $131.5 million of additional funds for the Department of Primary Industries and Regional Development (DPIRD) in the upcoming budget.

WCP Civil, Georgiou win works at $150m CBH project

CBH Group has awarded six of the nine contracts for its $150 million Network Strategy Expansion project, including four to local contractors WCP Civil and Georgiou Group.

One of Australia’s first mobile abattoirs built in WA

A WA-based engineering company has built one of the first mobile abattoirs for processing premium meat, addressing farmer and animal welfare concerns by eliminating the need to transport animals.

Infrastructure investment, marketing to grow agribusiness

Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.

Collaborating to harvest forests’ value

Local timber businesses have about $100 million of investments in planning as they hope to benefit from demand for environmentally friendly products.

Eneco Refresh taps into the NT with $3.8m buy

Malaga-based Eneco Refresh, formerly Refresh Group, has used its stronger balance sheet to expand into the Northern Territory with the purchase of a bottled water factory in Darwin.

Seafarms to raise up to $24m

Farmed prawns producer Seafarms Group has raised $20 million via a share placement, and will conduct a share purchase plan to raise up to $4 million along with a $3 million debt-to-equity conversion.

Saudi group settles Nicoletti farmland deal

Saudi Agricultural and Livestock Investment Company is expected to invest heavily in a livestock and grain production operation in Western Australia’s Wheatbelt, after settling on its acquisition of a 200,000-hectare parcel of land bought from the Nicoletti family.

GrainCorp stocks rise as malt spin-off brews

Graincorp's plans to demerge its global malting business and list the new company on the ASX have been greeted warmly by investors.

WA-based agtech startup secures federal grant

Agtech startup Laconik has received a federal government grant, the only Western Australian-based business out of 15 across the country to receive a portion of a $5.3 million round of funding.

Wellard sells assets for $17.5m

Wellard has sold its Wongan Hills feed mill, and Baldivis Pre-Export Quarantine lease in Western Australia, as well as its Condah Pre-Export Quarantine facility in Victoria, to Ausvision Rural Services.

Ocean Grown Abalone facing legal action from supplier

Bremer Bay-based 888 Abalone has accused Ocean Grown Abalone of breaching a supply agreement by planning a future development for a hatchery.

Resistance far from futile with Batley on board

A plant scientist from UWA has won a prestigious award for her research into the canola industry, aimed at slashing rates of crop disease.

WA farmers still most confident in nation

Western Australian farmers remain the most confident in the nation, but they are entering 2019 with lowered expectations following last year’s bumper season, according to the latest Rabobank Rural Confidence survey.

Market garden case finally ends

Five years after being the subject of high profile police raids and multiple charges, the legal saga facing three Perth business people is over due to failures of the prosecution deemed “totally unacceptable” by the judge.

Wellard posts maiden profit but urges caution

Wellard has posted a $2.9 million profit for the six months to December, up from a $7.4 million loss in the previous corresponding period, and its first profit since listing on the ASX over three years ago.

Govt, GRDC sign $48m partnership

The state government and the Grains Research and Development Corporation have signed a $48 million scientific partnership for research into Western Australia’s grainbelt soils and boosting grain production for local growers.

Government compromises on rock lobster plan

The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.

Sea Harvest fishes for takeover of Mareterram

South Fremantle-based seafood company Mareterram has backed a takeover offer from its largest shareholder, Sea Harvest.

Feds grant Agristart $485,000

Perth’s Agristart accelerator program has won $485,000 of federal government funding to run three startup incubation programs in regional Western Australia, in Northam, Albany and Busselton.

CBH surplus falls 48%

CBH Group has announced a $128 million surplus for the year to September 2018, compared to the previous year’s result of $248 million which was boosted by a record grain harvest.

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