ABC Landline - Against the Grain

[ozbob]

--> http://www.abc.net.au/landline/content/2014/s3959535.htm

This story is about the aftermath of last year's failed US takeover of East Coast grain handler GrainCorp.

The Federal Government's decision to reject the takeover bid of US giant Archer Daniels Midland took many by surprise. Some growers, particularly on the East Coast, were delighted, while others warned the decision could scare off badly-needed foreign investment.

However, everyone agrees our grain handling infrastructure is ageing, inefficient and badly in need of an overhaul. So now ADM is out of the picture, where will this investment come from?