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Agribusiness

Amberley Estate up for sale

Constellation Wines, the Australian subsidiary of US-based Constellation Brands, has confirmed it has put the Amberley Estate in Margaret River on the market.

Kailis seeks $30m for Gt Southern assets

Perth-based family business Kailis Organic Olive Groves is seeking $30 million to fund the acquisition of Great Southern's olive assets.

Forest Enterprises in administration

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.

AACL strikes $50m CBH deal, lists on ASX

Perth-based agribusiness AACL Holdings has executed a $50 million grain purchase facility with CBH Group, as it makes a positive start to listed life.

ASIC moves on agribusiness disclosure

The corporate watchdog has released a consultation paper aimed at improving disclosure to retail investors by responsible entities of agribusiness schemes.

TFS Corp upgrades Mt Romance guidance

Agribusiness TFS Corporation has upgraded its full-year guidance for its Mount Romance Australia subsidiary.

'Buy West Eat Best' brand to grow

The state government will transfer the popular Buy West Eat Best brand, which has helped consumers easily identify local produce, to industry including WA food growers, manufacturers and retailers.

ARK, Rewards to merge, plan $55m raising

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.

CBH Group rebrands internal divisions

CBH Group has announced a rebranding of its core business units, to more accurately reflect its key objectives, as a result of the group's 77th Annual General Meeting held today in Perth.

WA co-operative loan scheme tripled

Increased demand from Western Australia's existing co-operatives has prompted the state government to triple its co-operative loan scheme to $60 million.

Wheat market to be deregulated further

The Productivity Commission has recommended further deregulation of Australia's wheat export market.

Conservatives win CBH Group elections

CBH Group, one of Western Australia's largest businesses, is likely to remain a cooperative after WA farmers elected directors who are in favour of keeping its current structure.

RFM takes control of Gt Southern almonds

Former Great Southern subsidiary, Rural Funds Management, is set to take control of the collapsed agribusiness' 2007 and 2008 almond income project.

TFS Corp optimistic despite profit slump

Agribusiness TFS Corporation remains optimistic about its business despite the loss of confidence in the managed investment scheme market, as it today reported a slump in first half net profit.

Bannister Downs MD tops 40under40 awards

Entrepreneurial dairy producer Suzanne Daubney heads a stellar list of winners in the 2010 WA Business News 40under40 awards.

WA leads nation in livestock exports

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.

FPC mulls over division sale

The Forest Products Commission could undergo further restructures with a taskforce set up to investigate the sale of one of the commission's divisions.

Araluen returns to DEC management

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.

Gunns rejects Gt Southern scheme

Thousands of Great Southern investors are facing substantial losses after forestry heavyweight Gunns opted against resurrecting the 2007 timber scheme.

Birkbeck buys some Snow for pearl chair

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.

Gunns to win Gt Southern projects

Out-of-pocket Great Southern investors are on the verge of installing Gunns to take over the defunct timber projects, after a lengthy meeting in Sydney today.

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