I believe the current very high profile bidding war for the Kidman land highlights RFF's strategy, both now and in the future. Directly because of RFF's recent purchase in the beef space, both land and protein.
This is the future, the increasing Asian demand. Further, RFF is Australia based; while the Rinehart bid has Chinese real estate money and is therefore tainted because of the real threat of foreign control of Australia's food supply. It is strategically stupid to sell agricultural land to a foreign buyer: read Chinese government control.
RFF, then, may be a proxy for this global protein and land trend, and RFF pays a sweet, increasing dividend!
OV
Beef+Land+(FuturexAsia)=$
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$2.07 |
Change
0.020(0.98%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.08 | $2.04 | $491.7K | 238.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 17459 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 28898 | 7 |
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