Ann: Webster enters into Scheme Implementation Agreement with PSP, page-3

My portfolio is being stripped of its agriculture exposure - Ruralco has gone and now there's a bid for Webster.

Not complaining, the price is/was right in both cases. But I'll have to hunt around for replacements.

The bids for Webster and Ruralco suggest that Australian agricultural assets are quite cheap currently, particularly in foreign currency terms. Probably a function of a number of factors - the drought, the global warming scam and associated scaremongering, the weak $A and the sector not being fashionable with punters chasing a quick buck.

Hence it's probably not a bad time to maintain or even increase one's exposure to the sector.