Ann: Proposed increase to J&F Guarantee, page-11

Unfortunately we won't get to hear the other side. JBS declined ABC's interview request and the Treasurer did not respond to questions.

I have never been comfortable with RFF indirectly funding the JBS operation through the Guarantee, and stand by my commentary in earlier posts.
Management have been aware of the reputational risk since they first acquired JBS's five Australian Feedlots in 2018. This from the original explanatory memorandum:

Reputation risk
JBS Australia is a wholly owned subsidiary of JBS S.A., a company that is listed on the Brazilian stock exchange. The JBS S.A. founders, who control 42% of the JBS S.A. stock, have been convicted of bribery and other similar charges in relation to activities associated with the Brazilian Government. RFM is not aware of any other misconduct or possible charges; however, it is possible that if charges were laid in the future, the reputation or standing of JBS Australia could be impacted

....and again most recently when the Guarantee was to be increased

Reputational risk
JBS is a wholly owned subsidiary of JBS S.A., a company that is listed on the Brazilian stock exchange. The JBS S.A. founders, who control 45% of the JBS S.A. stock, were in 2017 convicted of bribery and other similar charges in relation to activities associated with the Brazilian Government. RFM is not aware of any other misconduct or possible charges; however, it is possible that if charges were laid in the future, the reputation or standing of JBS could be impacted.

Both Management and Independent Expert (Grant Thornton) chose to recommend the JBS arrangement despite these convictions and charges.

This ABC Four Corners program is a must watch for RFF shareholders:
The Butchers from Brazil

I have been a holder for many years but do not want to be part of this. Have changed my sentiment accordingly.