Elders has reported a $165 million first half loss, with improvement on its previous first half, and forecast continuing improvement in earnings in the second half if suitable rainfall levels are achieved in Western Australia.
Great Southern subsidiary Rural Funds Management has escaped the clutches of its failed parent, paying $15 million to buy out the collapsed agribusiness' 70 per cent stake.
The state government has announced a significant win for the state's wheat farmers and exporters with Saudi Arabia's sole importer amending tender specifications to allow Australian wheat to be imported into the country.
Constellation Wines, the Australian subsidiary of US-based Constellation Brands, has confirmed it has put the Amberley Estate in Margaret River on the market.
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.