Elders growth strategy drives 40 percent net profit increase

Elders has announced a statutory profit after tax of $149.8 million in its full year results for the 2020/2021 financial year (FY21), which includes a 38 percent rise in EBIT and a final dividend of 22 cents per share…Read More

Beef Central, 15/11/2021

Interest rates unlikely to rise before 2024, says RBA Governor

Reserve Bank Governor Philip Lowe has forecast that the national economy will rebound rapidly after COVID lockdowns end, suggesting that interest rates are unlikely to change before 2024…Read More

Beef Central, 14/09/2021

Financier Greensill Australia closes doors, will ag be affected?

The Australian operations of Greensill Capital officially ceased at 5pm yesterday, raising questions about impacts to Australian agricultural companies which accessed supply chain finance through firm. ..Read More

James Nason, 16/03/2021

Australian agriculture set for solid year

Australian agriculture is in its strongest position in years with the NAB Rural Commodities Index rising 4.2 percent in January to now be 7.3 percent higher than this time last year…Read More

Beef Central, 09/02/2021

Elders announces $123m net profit

‘No material business impact from COVID-19’: Australian agribusiness Elders has this morning announced a statutory profit after tax of $122.9 million and a fully franked final dividend of 13 cents per share in its full year results for the 12 months to September 2020…Read More

Beef Central, 16/11/2020

NAB forecasts AUD rise to US80c mark by mid-2022

Continued appreciation of the Australian Dollar (AUD) has offset better seasonal conditions to see the NAB Rural Commodities Index fall slightly by 3.7% in August…Read More

Beef Central, 31/08/2020

Qld Rural Debt Survey: Beef debt increases 14pc

Beef debt, which represents 56 percent of total rural debt in Queensland, increased by 14.10 per cent in 2019, with the vast majority of that debt rated viable or long-term viable, QRIDA’s Corrie Feldman writes. ..Read More

Corrie Feldman, QRIDA, 18/08/2020

New products: Stockco launches new ‘create more weight’ finance facility for spring

Stockco has announced the launch of a new product which is designed to provide a cash advance against new season progeny…Read More

Beef Central, 04/08/2020

Australian ag will miss $100bn target without strategic change: Agribusiness leaders

A new report examining the state of Australian Agriculture warns that on current projections, the sector will fall $12bn short of its 2030 $100bn target, unless it revamps the way it operates…Read More

Beef Central, 23/07/2020

Elanco’s acquisition of Bayer’s animal health business not opposed

The ACCC announced today it will not oppose Elanco’s acquisition of Bayer AG’s animal health business, after Elanco provided a court-enforceable undertaking to divest four animal parasite treatment brands…Read More

Beef Central, 09/07/2020

Elders launches new agricultural market analysis arm

Elders has announced the launch of a new agricultural market analysis unit, headed by former Mecardo analysts Matt Dalgleish and Andrew Whitelaw. ..Read More

Beef Central, 08/07/2020

Elders records $52 million first-half profit

In the final year of its second eight-point plan Elders Limited has pushed through drought, bushfire and the early impacts of COVID-19 to record a solid $52 million statutory net profit after tax for the six months to March 31, 2020, a 90 percent increase on the prior corresponding period…Read More

Beef Central, 18/05/2020

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