Leading project management and advisory firm Siecap, along with top commercial law firm ClarkeKann jointly hosted an agribusiness industry breakfast forum at the Brisbane Club last Friday 9th December.
Over 70 agribusiness sector senior leaders converged at the event to hear insights into the future direction of the industry. Siecap Senior Advisor John Storie acted as MC and introduced proceedings at the forum with ClarkeKann Consultant of Property and Projects Tim Ferrier.
The guest speaker was agribusiness sector expert John Corbett, who presented on the consolidation within Australian agriculture.
John Corbett is a Director of the $500 million sheep and grain producer Hassad Australia, Chairman of Pioneer Seeds Australia and a consultant specialising in the agricultural sector based in Brisbane. He combines 23 years’ experience in banking and finance with a proven track record in providing practical and commercial solutions to complex financial and commercial issues.
His presentation detailed macro thematics, underlying drivers of change such as technology, disruption and access to capital, along with current trends and opportunities in the industry.
The key outtake highlighted at the event was the rise of the family corporate agricultural model, which involves the next generation focusing on the farm as a business. The family model remains the most cost effective and efficient on-the-ground operational model as we enter a decade or so of significant succession driven change.
“Consistently it is families who have shown the way in how to make good returns in agriculture – witness the number of families that have outperformed and created great wealth in a single generation”, John illustrated.
With extensive consulting experience into agricultural and infrastructure projects, John is well qualified to make industry predictions, namely the continued rise of the family corporate model as the dominant model in agriculture.
“I believe the family corporate model is best placed to take advantage of the wide range of opportunities that we are seeing in Australian agriculture”, he explained.