Австралиялық "Elders Limited" агробизнесінің тарихы

Australian agribusiness company

Elders Limited, formerly known as Elder, Stirling & Co., Elder Smith and Co. and Elder Smith & Co. Ltd, is an Australian agribusiness that provides agricultural goods and services to primary producers in Australia.

With the fledgling colony of South Australia only three years old, Alexander Lang Elder arrived in Port Misery (now Port Adelaide) in January 1839 aboard the family owned schooner Minerva as the only cabin passenger, under Captain David Reid. He went there to set up business and explore opportunities for his family's Scottish based merchant and shipping business. Alexander's brothers, William, George, and Thomas joined Alexander. Out of the four of them, only Thomas stayed in Australia. Thomas moved to Adelaide in 1854 and worked with George for a year. After George left, Thomas formed Elder, Stirling & Co with Edward Stirling, Robert Barr Smith, and John Taylor. On Stirling and Taylor's retirement in 1863, Barr Smith and Thomas Elder formed Elder Smith and Co. In 1888 Elder Smith and Co. was amalgamated with its subsidiary Elder's Wool & Produce Co. Ltd, and Peter Waite became the chairman of directors of the new company, which was called Elder Smith & Co. Ltd. Now in his eighties, Barr Smith launched Elders Trustee and Executor Limited and formed Elders Metal and Mercantile in Melbourne. Elders profits more than doubled from 1918 to 1928, with Peter Waite as chairman until his death in 1922, followed by Tom Elder Barr Smith, son of Robert.

The Elders centenary in 1939 coincided with the start of World War II when the highly competitive wool selling business was put into government control. As the war continued, the wool auction system remained closed and the British government acquired the total Australian wool clip. In 1941, the British government paid Elders the equivalent of $3 billion today, and nearly $4 billion the following year. The return to the open auction system in 1946 saw the start of a dramatic five year run for wool. National wool revenues increased 29% and 64% respectively in the first two full years of peace. In the early 1950s, Norman Giles moved from the Elders WA branch of the company to the Adelaide branch, and two years later became managing director. In 1962 Giles announced the merger of Elder Smith and Goldsbrough Mort with its new corporate headquarters located in Adelaide. In 1970, Giles expanded Elders into Gove Alumina and Robe River mining ventures and launched Elders Finance and Investment Co. Sir Norman Giles retired in 1975 after 54 years with Elders.

In 1976 Elders acquired Pitt Son & Badgery Ltd, a Sydney based former subsidiary of the Scottish Marra group. In 1982 Elders merged with jam maker Henry Jones IXL to become Elders IXL. In 2009, Futuris Corporation changed its name to Elders Limited, and changed from its conglomerate holding company structure to a single integrated company with an owner operated focus around its principal business Elders. Central to Allison's restructure of Elders was an Eight Point Plan, which outlined an aspirational target of returning Elders to sustainable earnings growth by FY17. In 2016, Elders acquired 20% of Elders Insurance from QBE and 30% of StockCo. In 2017, Elders divested its live export division, North Australian Cattle Company (NACC) and Indonesian Feedlot and Abattoir, re allocating capital to a number of new acquisitions including horticultural inputs and services provider Ace Ohlsson and Kerr & Co Livestock. 2017 also saw Elders complete the buyback of preferential hybrid shares. In December 2017 Elders paid its first dividend to shareholders in nine years and achieved a market capitalization of $850 million, referred to as "one of the biggest turnarounds in Australia’s corporate history". In May 2018, Elders acquired Titan Ag, a manufacturer and supplier of agricultural chemicals. Elders began its acquisition of direct competitor Australian Independent Rural Retailers (AIR) in July 2019 after making a $187 million offer.

Elders provides services to assist primary producers with the sale of wool, grain and livestock. The company's network of livestock agents and employees operates across Australia, with operations including livestock auctions (both physical and online), and direct sales to feedlots and livestock exporters. Elders has historically been one of Australia's largest agents for the sale of greasy wool. The company also operates a brokering service for woolgrowers and a grain marketing business. Rural agency services are primarily involved in the marketing and sale of farms, stations and lifestyle estates. Residential real estate services, including agency and property management, operate in major population centres and regional areas through a network of company owned and franchised offices. Elders is also involved in mortgage and water broking. The company also imports, processes and distributes premium Australian meat in China. AIRR was established in 2006 as an independent buying and marketing group for rural merchandise and pet and produce stores. The business has around 240 independent member stores plus 100 Tuckers Pet & Produce stores across Australia. The acquisition was finalised on 13 November 2019.