AN emergency meeting has been held with Greensill Farming staff on Wednesday morning, following parent company Greensill Capital being placed in voluntary administration earlier in the week.
Despite the seemingly extremely bleak outlook for Greensill Capital, farm staff from the company’s Bundaberg and Wallaville operations are understood to have been told it’s farming as usual, at least in the immediate future.
However, there are signs the 3200 hectare farming operation is under significant pressure, with staff told that overtime work would be limited and to rein in any avoidable expenditure.
Greensill Farming is Australia’s largest producer of sweet potatoes, a major grower of peanuts, and harvests about 1600ha of cane a year.
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Read the full article at: https://www.queenslandcountrylife.com.au/story/7161285/greensills-global-financial-empire-crumbles/?cs=4698
