Horticulture

Buyout led by newly formed asset manager Prcstnt has collapsed, with all of McWilliam’s assets and brands up for sale again.

The listed real estate specialist, which is making a push into agriculture, will realize a significant capital gain on Vitalharvest, for which it acquired the management rights in June 2020.

Primewest took over management rights to the Vitalharvest Freehold Trust in June, which is now subject to a takeover bid from MIRA worth approximately A$185m.

In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.

China’s Ministry of Commerce has opened an anti-dumping inquiry into Australian wine, after tariffs on barley were introduced earlier this year amid simmering trade tensions.

Australia’s competition watchdog proposes governance changes but recognizes the benefits of having private investors participating in water markets.

McWilliam’s Wines has been taken out of family ownership for the first time in more than 140 years after a sale to newly formed Prcstnt Asset Management.

One of Australia’s largest winemakers has entered the market after going into administration last month, with agents expecting ‘wide-ranging’ interest.

Interest from institutional investors and private equity remains strong in Australian agriculture despite difficult conditions because of a belief in the asset class’ ‘long-term thesis’.

The biggest risk to Australian almond yields is high water prices, but orchards Down Under will stay competitive as long as exchange rates remain favorable.