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.
The corporate watchdog has released a consultation paper aimed at improving disclosure to retail investors by responsible entities of agribusiness schemes.
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.
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 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.
Increased demand from Western Australia's existing co-operatives has prompted the state government to triple its co-operative loan scheme to $60 million.
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.
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.
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.
The Forest Products Commission could undergo further restructures with a taskforce set up to investigate the sale of one of the commission's divisions.
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.
Thousands of Great Southern investors are facing substantial losses after forestry heavyweight Gunns opted against resurrecting the 2007 timber scheme.
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.
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.
