Agfarm has grown constantly by adapting to the rapidly evolving agribusiness economy.
Agfarm is established by Bob McKay in his hometown of Warren (NSW). Like many in the Agfarm team, Bob grew up in, and is still actively involved in farming.
Agfarm begins operations as a grain acquisition agent for AWB. By 2004, we are AWB’s leading grain agent.
Agfarm begins purchasing cotton in the Macquarie and Lachlan Valleys (NSW) for Colly Cotton. We are an agent for Colly Cotton until 2003
Agfarm becomes an agent for Macquarie Cotton and begins pursuing opportunities in the cotton industry.
Agfarm begins representing Glencore Grain (also known as Brooks Grain) as their exclusive agent for the region extending from Southern Queensland to Southern NSW.
We begin formally representing Manildra Flour Mills, Australia’s largest, privately owned flour miller.
Agfarm begins operating as an independent provider of grower services on behalf of multiple buyers.
Now a fully independent broker for grain, Agfarm begins marketing grain to all reputable buyers in the market acting on behalf of our grower clients’.
Agfarm enters into a strategic alliance with the Victorian Farmers Federation, opening an office in Horsham to service growers throughout Victoria.
Agfarm is truly a national grain broker, with local teams in Nambour, Dubbo, Young, Wagga Wagga, Horsham and Perth. In July a Sydney Head Office is established to centralise operations and provide back up to our national network of grain marketers. In October it is announced that Agfarm has sold 51% of its business to Ruralco Holdings Ltd which operates a number of companies in the rural sector. Ruralco and Agfarm share similar ideals and are both passionate about servicing rural Australia. Importantly for our customers, the management, customer service and strategies of Agfarm do not change. Ruralco will be supporting Agfarm to grow and develop our product offering. Ruralco do not trade grain in any way so we continue to operate as a fully independent grain marketing company.
Agfarm continues to expand, increasing market share and adding staff to all offices, allowing us to maintain and improve on existing client relationships. Agfarm opens an office in Adelaide to service growers in South Australia.
Agfarm expands operations into Western Australia, opening an office in Perth and continues to develop relationships through the Ruralco CRT network.
Agfarm establishes an office in Ballarat, Victoria and expands our IT department based in Sydney, now developing all systems and projects in house.
In a major development for the company, July saw Agfarm welcome CHS Inc (CHS) a farmer-owned cooperative and leading global agribusiness as a new 50% owner. The Agfarm business will be 50:50 owned by Ruralco and CHS.
Agfarm expands its product offering to input finance, secured against future crop production.
Bob McKay resigns as CEO and Ron McCalman is appointed to lead Agfarm. With many years’ management experience in the commodities industry, as well as a farming background, Ron endeavours to ensure customers, staff and shareholders needs are continuously exceeded.
Agfarm undergoes a rebrand, moving to a branded house structure and launched two new products, Agfarm Fast Cash and the Agfarm Growth Fund.
Agfarm CEO undertakes a strategic review of the business and alignes the business with two clear business lines, commodity finance and commodity management.
At the end of September, Agfarm exit the broking space to focus on better servicing customers and farmers with financing and merchandising commodities.