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Countryman Finance & Markets

RIC ACT REVIEWRIC ACT review provides opportunity for public comment

The Federal Government’s contentious concessional loans program for farmers and agribusinesses is open for public consultation for the first time since it was launched five years ago. 

Aidan Smith

ELDERS ACQUIRES EUREKA!Elders acquires Eureka Group to strengthen supply chain

Elders Limited has acquired the assets of the Victorian based Eureka! Group in an effort to provide Elders with flexibility and control of its crop protection supply chain. 

Aidan Smith

IT’S ALIVE!PremiumBeyond the Saleyards: Strength in lamb market pushes prices

The lamb market has shown some strength this week, with a shortage of trade weight and heavy store lambs resulting in prices rising.

Rob Kelly

Huge buyCommentsForeign buyers snap up $300m Kimberley cattle portfolio

An overseas investment company has swooped in to snap up the Kimberley Cattle Portfolio from Australia’s 19th richest person, Hui Wing Mau.

Aidan Smith

BEYOND THE SALEYARDS PremiumBeyond the Saleyards: ‘Slight improvement’ in WA lamb market

For the first time in a long time, there has been a slight improvement in the WA lamb market. 

Rob Kelly

GRAINCORP EXPANSIONCommentsPremiumGrainCorp set to purchase XF Australia for $35 million

GrainCorp has branched out into the feed supplement and animal nutrition sector after entering into a binding share sale agreement to acquire XF Australia for $35 million.

Aidan Smith

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Sheep and lamb volumes on the move

Prices in the sheep and lamb market have been relatively stable for the past week, but volumes moving have increased. 

Rob Kelly

earnings slide CommentsElders records drop in earnings to $170 million

Elders has reported a 26 per cent drop in its earnings before interest and tax for the 2023 financial year to $170.8 million, which was the second-highest EBIT recorded by the company in ten years.

Aidan Smith

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Heavy lamb shortage continues

The shortage of heavy lambs continues as the oversupply of less than 38kg types remains abundant. 

Rob Kelly

Beyond the SaleyardsPremiumBeyond the Saleyards: Tough times continue for sheep markets

WA sheep markets are still facing a tough time for moving mutton or lambs at the moment with processors getting more than what they need from existing bookings and saleyards to top up. 

Rob Kelly

‘Transition year’PremiumRabobank predicts ‘calmer’ 2024 for fertiliser markets

Global fertiliser prices have been tipped to settle next year, offering some relief to West Australian farmers hammered by skyrocketing input costs.

Olivia Ford

EVOKEAG Elders and AgriFutures partner for evokeAG to 2026

Elders and Agrifutures Australia have strengthened ties with a three year platinum partnership deal announced to support the Asia Pacific’s premier agrifood tech event, evokeAG, through to 2026.

Aidan Smith

AGCO TRIMBLE VENTUREAGCO acquires 85 per cent of Trimble for $2 billion

American-based AGCO Corporation has entered into a $2 billion joint venture with Trimble which has resulted in an 85 per cent acquisition of its portfolio of agricultural assets and technologies.

Aidan Smith

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Lamb market under pressure

The spring flush is yet to get into full swing in WA, but the lack of rain in many areas is forcing producers to turn off stock sooner than they would like. 

Rob Kelly

BEYOND THE SALEYARDS PremiumBeyond the Saleyards: WA markets show signs of stabilising

WA markets have remained stable during the past week with some interest starting to come through from feedlots. 

Rob Kelly

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Spring flush delayed and lambs light

With weaning well and truly in progress, the spring flush is nearing but appears it will be a few weeks later than normal. 

Rob Kelly

MAKE HAYHay exports expected to reach 500,000 tonnes

WA croppers may be following the money this season by planting more canola but the State is expected to still produce an estimated 500,000 tonne of oaten hay.

Aidan Smith

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: WA lamb market moving along

While mutton markets have unfortunately declined again this week the lamb market in WA appears to be moving along with some support around $1.40 - $1.50 per kilogram live weight. 

Rob Kelly

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Flat week as exporters load ships

It’s been another flat week for the sheep and lamb markets in WA.  Live exporters are currently loading ships but otherwise demand has been limited. 

Rob Kelly

In the redPremiumWellard posts $24m loss after three profitable years

A drop in Australian cattle exports and soaring fuel prices have ended three consecutive profitable years for Wellard, with the live exporter reporting a $24 million loss last financial year.

Adam Poulsen

CARBON PILOT FUNDEDCommonwealth Bank tips $1m into WA soil carbon program

RLF AgTech has entered into a strategic alliance with the Commonwealth Bank worth $1m, to explore the development of high-quality Australian Carbon Credits Units via its subsidiary RLF Carbon.

Aidan Smith

BEYOND THE SALEYARDSPremiumBeyond the Saleyards: Little enthusiasm from buyers

My optimism for WA lambs has been put back in its place again with saleyards taking a dive at the start of this week and a lack of buyers in the market.

Rob Kelly

RIC MILESTONERIC delivers $3.16 billion in loans at five year milestone

The Regional Investment Corporation has passed a five year milestone having delivered $3.16 billion in concessional loans to agricultural businesses on behalf of the Australian Government.

Aidan Smith

INDIA TRADEMinister leads ag industry delegation to India

A combined government-industry push into the growing Indian agriculture market has commenced, with the arrival of a senior Australian delegation in India. 

Aidan Smith