PrimeAg
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PrimeAg is a rural investment company. The company recognised an increasing global demand for soft commodities, such as wheat, chickpeas, sorghum and cotton, as well as for livestock products and sought to take advantage of it. In the first 13 months of its operation PrimeAg invested $1.8 million in 1968 head of cattle, $147 million in 40,000 hectares of land and $85 million in almost 65,000 million litres of water licenses. This investment is paying off as PrimeAg has posted a maiden $1.933 million net profit after tax.
Australian agribusiness PrimeAg understands that arable or
cropping land and water are going to become one the most the valuable commodities
in the world.All members of the PrimeAg Board have wide-ranging skills in agricultural business as well as comprehensive experience in the financial market. Behind the direction of PrimeAg is some of Australia's most respected business personalities. The former president of the National Farmers Federation, Peter Corish is executive chairman of the board, beside former Woolworths chief Roger Corbett and founder of Saltbush Funds Management, Steve Williams.
PrimeAg has been developing farming 'hubs' across several different geographic regions in Northern NSW and QLD in order to diversify their commodities. Their goal is minimise the risk from drought and short term commodity price fluctuations.
To find out more about PrimeAg's investments visit Prime Ag
