THERE’S PLENTY of money out in the global economy right now looking for a “safe” home, Westpac economist Nathan Penny says.

NEW ZEALAND winemaker Delegat’s Group has spread its wings to Australia. It has bought Barossa Valley Estate in South Australia for A$25 million, to be settled in June.  Barossa, a grape grower-owned co-op, went into receivership in January.

 Australian media report that Woolworths had also bid for the winemaker through its subsidiary Cellarmasters.

Delegat’s has bought Barossa’s modern 5000 tonne winery and a 41ha vineyard on 80ha. The deal includes Barossa Valley Estate and E&E brands and grape grower contracts.

Delegat’s managing director Jim Delegat describes the acquisition as “an ideal fit with the group’s portfolio of high quality wine assets. We look forward to the opportunity of building one of the world’s great shiraz brands from the iconic Barossa region.”

Barossa Valley is recognised globally for producing world-class shiraz. 

www.barossavalleyestate.com

BEEF+LAMB NEW Zealand chair Mike Petersen says his organisation will do what it can to help the group of farmers campaigning for changes in the meat industry.

REMOVAL OF excess capacity is a key to breaking the impasse in the meat industry, says Anzco Foods chairman Sir Graeme Harrison. 

DON’T SAY we didn’t warn you, say the authors of a damning report on the PKE supply chain. Their warning comes after the Ministry for Primary Industry (MPI) said it had no concerns about Malaysian imports into New Zealand.

Lincoln University has formed a new Farms Committee to oversee the development of the 3900ha of farmland owned and operated by the university.

A business trip to India, organised by ANZ Bank, has generated new business for several primary produce customers who took part.

Federated Farmers is describing Budget 2013 as a 'steady as she goes' affair. While there is an increase in new operating spending, this $900 million increase is modest relative to total Government operating spending of $72 billion.

ORGANISERS OF the annual Red Meat Sector Conference are hoping for increased farmer attendance.

IrrigationNZ says it's concerned about political rhetoric around water storage and a cross-political party agreement is needed to advance the issue.

Page 982 of 1083

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

Popular Reads