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Simplot’s Acquisition of Agronico: A Boost to Tasmania’s Potato Industry

by T.G. Lynn
13.09.2023
in Growing seeds, Seeds
A A
Simplot’s Acquisition of Agronico: A Boost to Tasmania’s Potato Industry

#Agriculture #PotatoFarming #Simplot #Agronico #SeedPotatoes #AgriculturalInnovation #TasmanianAgriculture #FarmingIndustry

Agronico, a well-established Tasmanian family-owned company, has been a key player in the Australian seed potato industry since its inception in 1985. Founded by Julian Shaw, Agronico has grown to become one of the largest seed potato producers in Australia. With a focus on research and development, Agronico has contributed significantly to the advancement of potato farming in Tasmania and beyond.

Agronico’s Impressive Footprint

Agronico’s unique approach to potato production sets it apart from others in the industry. The company is known for its commitment to innovation, using hydroponics to enhance yield. This approach has enabled Agronico to produce nearly a quarter of a million minitubers and a staggering 8,000 tonnes of seed potatoes annually. Such scale and innovation have solidified Agronico’s position as a leader in the field.

Simplot’s Acquisition: A New Chapter

The recent decision by Judith Shaw, the current owner of Agronico, to sell the business and property assets to Simplot represents a significant shift in the landscape of the Tasmanian potato industry. Simplot’s acquisition of Agronico is subject to regulatory approvals, including clearance from the Foreign Investment Review Board (FIRB).

Judith Shaw expressed confidence in Simplot’s ability to carry forward the legacy of Agronico. She emphasized that Simplot’s values closely align with those of Agronico and that the organization offers ample opportunities for career growth and development. Importantly, she highlighted Simplot’s commitment to the long-term viability of Tasmania’s potato industry, signifying a positive step for the region’s farmers and agricultural professionals.

Implications for Agriculture

For farmers, this acquisition could potentially mean increased access to high-quality seed potatoes, which are essential for a thriving potato farming industry. Agricultural engineers and agronomists will likely find new avenues for collaboration and innovation as Simplot brings its expertise to the table. Farm owners can look forward to a more dynamic and competitive marketplace for seed potatoes.

Agricultural scientists will be keen to observe the impact of this acquisition on research and development within the potato farming sector. As Simplot takes the reins, it may introduce new technologies and practices that could further improve potato production, benefiting not only Tasmania but the broader Australian agricultural landscape.

The impending acquisition of Agronico by Simplot holds promise for Tasmania’s potato industry and the wider agricultural community. As we await regulatory approvals, the agricultural sector should keep a watchful eye on the developments that will undoubtedly unfold. Simplot’s commitment to upholding Agronico’s legacy and investing in the future of Tasmania’s potato industry is a positive sign, promising growth and innovation for all stakeholders involved.

Tags: agricultural innovationAgricultureAgronicofarming industryPotato Farmingseed potatoesSIMPLOTTasmanian Agriculture
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