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Agribusiness

Asic has partial win over WA director

The 12-year old scandal over the Australian Wheat Board’s payments to the government of Iraq has moved closer to final resolution, with its former chairman Trevor Flugge convicted today of breaching his duties as a director but cleared of more serious charges concerning his knowledge of the payments.

CBH members back cooperative structure

CBH Group will remain a non-distributing cooperative for the foreseeable future after a majority of its 4,100 members said they wanted to retain the current structure.

Private timber plays paying out for Japanese owners

Higher revenue from an improved woodchip market and a lower dollar has boosted profits at Albany Plantation Export Company, WA Plantation Resources and Bunbury Fibre Exports.

Cheung beefs up produce pipeline

A Singaporean businessman plans to advance the potential of WA’s $7 billion-plus agriculture export market.

Greens flip on backpacker tax

A particularly stressful week for farmers has come to a relieving end with the Greens today supporting the federal government’s proposed 15 per cent backpacker tax after voting against it yesterday.

Farmers furious at backpacker tax defeat

The federal government’s plan for a 15 per cent rate backpacker tax has been knocked down in the Senate, with the state’s farming body left furious and desperate for a solution.

Wellard shareholders vent displeasure

Shareholders in agribusiness Wellard have strongly rejected four resolutions at the company's annual meeting, though their anger over the company's poor performance was not enough for the nominee of a dissident shareholder to get elected to the board.

Farmers applaud 15% backpacker tax

The state’s agricultural body has welcomed the Commonwealth’s decision to reduce its planned backpacker tax to 15 per cent, less than half than what was originally proposed.

Abalone firm launches $5m fund campaign

Augusta seafood group Ocean Grown Abalone’s $5 million fund raising campaign is progressing under the stewardship of adviser View Street Partners, with the launch of its official offer document as the

Otoc, TFS set for rebranding

Perth company OTOC has joined TFS Corporation in receiving shareholder approval for a name change and rebranding, which both companies say will more accurately reflect their business models.

Brownes cultivates pouch market

Dairy producer Brownes has become the first local company to manufacture yoghurt pouches as part of an ambitious plan to usurp Yoplait as Western Australia’s highest selling yoghurt maker.

Robb joins Seafarms as adviser

Former federal trade and investment minister Andrew Robb has joined Perth-based aquaculture firm Seafarms Group as it progresses its $1.45 billion Sea Dragon prawn project in the Northern Territory.

Wellard shareholder plans AGM upset

Wellad’s third-largest shareholder says it plans to vote against the live cattle exporter’s remuneration report and has asked shareholders to back the appointment of one of its representatives to the board.

Superfert into liquidation

Failed fertiliser supplier Superfert Dongbu has gone into liquidation, 18 months after it had been put into voluntary administration.

Rinehart lifts Kidman bid to $386.5m

Gina Rinehart and Shanghai CRED’s joint venture has proposed a counter-bid to that of the all-Australian consortium competing for the Kidman cattle empire, and says Hancock Prospecting would wholly acquire the target if foreign investment approvals aren't awarded.

Hancock invests $395m in UK fertiliser business

Gina Rinehart's Hancock Prospecting has announced a $US300 million ($A395 million) investment in a UK-based fertiliser business chaired by former Fortescue Metals Group deputy CEO Russell Scrimshaw.

Supply chain a key to unlock Asia

Investment in South-East Asia’s grain supply chain will be one way for Western Australian growers to avoid losing market share amid growing demand for wheat in the region, according to the head of a m

Billionaires like beef but will they make money?

ANALYSIS: Andrew Forrest and Gina Rinehart, who are leading the herd into cattle farming, face a tough market for meat exports.

ACCC accepts CBH undertakings

Grain handling cooperative CBH Group has opened itself up to increased competition in the provision of grain transport services, following a review by the competition watchdog.

New brand to showcase WA agrifood

The state government has announced a new $8.1 million branding campaign to promote local agrifood producers to overseas buyers.

Agribusiness award contenders win from FTAs and export ties

Working on trading relationships has benefited two nominees in the upcoming state exporter awards, while recently negotiated trade agreements will also boost business.

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