Tasmanian company Forest Enterprises Australia has become the third major agribusiness to be placed into administration in the past 12 months, after ANZ and the Commonwealth Bank made a move to recover funds.
Publicly listed agricultural property investment company, The Ark Fund, has announced a $55 million capital raising and an implementation agreement to effect its merger with private managed investment scheme player Rewards Group.
Western Australian livestock made up almost 50 per cent of the country's export earnings in 2009 which reached a total of $996.5 million, the strongest returns in seven years according to national livestock industry groups.
Management of the scenic Araluen Botanic Park will return to the state government under the Department of Environment and Conservation (DEC), from the Western Australian Planning Commission (WAPC), under new arrangements announced today.
Denmark-based businessman Steve Birkbeck is the new chairman of pearl farmer Atlas South Sea Pearl taking over from the listed entity's long standing director, George Snow after the latter sold almost 10 per cent of the company to the incoming chairman.