A lot of the blame for Elders’ current malaise can be placed on previous management, which set the Elders train wreck in motion by expanding into countless non-core businesses with grand plans that ultimately failed. Many other agriculture-exposed companies have also struggled over the past few years, including fish farmer Clean Seas Tuna (ASX: CSS) and beef producer Australian Agricultural (ASX: AAC) whose share prices are still languishing at multi-year lows. However it hasn’t been all gloom in the agricultural sector with Graincorp (ASX: GNC) recently receiving a premium priced takeover offer.
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