October 2026
Largest Agriculture Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Graincorp, Elders, Braiin, Nufarm and Ridley Corp.
 | GrainCorp is an agribusiness with an integrated business model operating across three divisions. The company operates the largest grain storage and logistics network in eastern Australia. GrainCorp provides grain marketing services to all major grain-producing regions in Australia, as well as to Canadian and UK growers. The company has also diversified into edible oil refining and supply and bulk liquid storage. | $4 | -23% | $990M | $2.1B | 0.4x | 12.0x | ||
| Elders Ltd is a farm products company with segments including Branch Network, Wholesale Products, Feed and Processing Services, and Corporate Services and Other Costs. The Branch Network generates maximum revenue and supplies rural farm inputs and production and cropping advice to primary producers and corporate farm customers. Elders operates retail services under the Elders and Ag, Horse and Pet brands and a wholesale products business supplying independently owned member stores under the AIRR brand. Feed and Processing Services includes Killara Feedlot with grain-fed beef distribution, grass-fattening operations, cow manure processing, and irrigated feed crop production, while Corporate Services and Other Costs covers general investment and administrative corporate office activities. | $4 | -5% | $947M | $1.6B | 0.7x | 13.5x | ||
| Braiin Ltd is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (AI/ML) technologies to deliver actionable insights across the verticals: Agriculture, Property Technology, and Customer Experience as a Service (CXaaS). The company's platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. It prominently focuses on the agriculture technology sector, where it has successfully deployed its AI-powered solutions across multiple implementations. It provides end-to-end solutions to improve farming productivity using IoTs, Wireless Connectivity, Robotics, Software and AI/ML. | $4 | -- | $890M | $889M | 12.1x | (58.5x) | ||
| Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies. | $2 | +57% | $821M | $1.8B | 0.8x | 18.7x | ||
| Ridley Corp Ltd is engaged in the manufacture and supply of animal nutrition products and fertilisers. The company operates through Bulk Stockfeeds, Packaged Feeds & Ingredients, and Fertilisers segments. Bulk Stockfeeds provides animal nutrition solutions delivered in bulk, while Packaged Feeds & Ingredients provides packaged animal feed and ingredient solutions. The Fertilisers segment procures and sells fertilisers in Eastern Australia and to export markets. The majority of its revenue is generated from the Fertilisers segment. Geographically, the company generates revenue from Australia, India, the United States, Indonesia, New Zealand, Thailand and other markets, with the majority of its revenue derived from Australia. | $2 | -6% | $683M | $1B | 0.5x | 4.4x | ||
| Australian Agricultural Co Ltd is Australia's integrated cattle and beef producer. The company operates owned cattle stations, leased stations, owned feedlots, owned farms and leased farm, located throughout Queensland and the Northern Territory. Its brands are Westholme, 1824, and Darling Downs. It derives revenue through the production and sale of cattle and branded beef products across domestic and international markets. Geographically, it operates in South Korea, USA, China, Australia, Canada, and Others with majority of revenue deriving from cattle sales in Australia. | $1 | 0% | $562M | $916M | 3.1x | 6.3x | ||
| Rural Funds Group, listed on the ASX as RFF, is an Australian agricultural real estate investment trust managed by Rural Funds Management, the Canberra-headquartered agricultural investment specialist established in 1997. The group owns about 57 properties across five Australian states with roughly A$1.9 billion of assets, and leases most of them to farm operators under long-term agreements with a weighted average lease expiry of about 14.8 years. Its portfolio spans almonds, macadamias, cattle, cropping, vineyards, poultry and water entitlements, and cattle is its largest segment by revenue. It pays quarterly distributions to unitholders, with a forecast of 11.73 cents per unit for FY27. Rural Funds Management, which runs about A$2.5 billion of agricultural assets in total, led a A$7 million investment in the Queensland agtech company Inform Ag in August 2024. | $1 | +5% | $512M | $1.1B | 13.0x | 19.2x | ||
| Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors. | $3 | +10% | $392M | $658M | 2.4x | 18.8x | ||
| Sea Forest Ltd science-based Australian livestock feed additive manufacturer, utilising and replicating the science of methane-abating Asparagopsis seaweed to generate productivity gains for farmers while reducing methane emissions created by ruminant livestock. It is an agri-tech company that supplies sustainably produced, high-quality, climate change-abating products to reduce methane production in agriculture and improve the productivity of livestock farming, one of Australia’s export industries. Its flagship product, SeaFeed, is based on the bioactivities found naturally in Asparagopsis, a red seaweed native to Australia's coastal waters, and is scientifically shown to reduce methane production. | $1 | -- | $62M | $43M | 137.6x | (8.5x) | ||
| Duxton Farms Ltd is an agricultural company. It operates a variety of production systems producing a wide range of food, feed and fibre products, including wheat, barley, canola, cotton, wool and livestock. The Group operates solely in the agriculture sector in Australia. | $0 | -59% | $25M | $102M | 8.0x | (5.7x) | ||
| Murray Cod Australia Ltd is engaged in producing pond-grown Murray cod. The company grows Murray cod in open ponds or dams on the Murray-Darling Basin river system. Murray Cod Australia Ltd is branded as Aquna Sustainable Murray Cod. The company generates revenue from fish sales, cattle sales and equipment sales. | $0 | -82% | $24M | $47M | 6.3x | - | ||
| Australian Oilseeds Holdings Ltd through its subsidiaries, is focused on the manufacture and sale of chemical-free, non-GMO, sustainable edible oils and products derived from oilseeds. The company believes that transitioning from a fossil fuel economy to a renewable and chemical-free economy is the solution to many health problems the world is facing presently. The company's edible oil sales comprise of two segments: sales of bulk oils to wholesalers who use it as food ingredients or white labeling; sales of packaged oils as the company's own branding to supermarket channels. Sales of protein meals are bulk sales and mainly distributed to local farmers and feedlots as protein supplements. | $0 | -66% | $21M | $34M | 1.2x | 105.1x | ||
| Gale Pacific Ltd is engaged in the marketing, sales, manufacture, and distribution of branded screening, architectural shading, and commercial agricultural fabric products. Its customers come from consumer and industrial markets including retail and home furnishing, architectural, construction, and agribusiness. Its brands include GALE Pacific Commercial and Coolaroo. The company's geographical segments include Australia/ New Zealand, the Americas, and Developing Markets. It derives a majority of its revenue from the Americas. | $0 | +1% | $18M | $30M | 0.3x | 3.5x | ||
| RLF AgTech Ltd is engaged in the formulation, manufacture, and sale of liquid fertilizers and seed treatments. Its offerings include Seed Primers, Soil & Fertigation, and Foliar. The company's operating segments are classified by the geographical areas where products and services are sold, together with its support functions, and include China, which derives key revenue, Australia, and Southeast Asia. | $0 | -56% | $15M | $14M | 0.8x | (3.4x) | ||
| Australian Dairy Nutritionals Ltd is a vertically integrated dairy producer in Australia. The company's reportable segments include Nutritional Powders and Dairy Farms. It generates maximum revenue from the Dairy Farms segment which includes the ownership and operation of dairy farms and dairy livestock for the production and sale of fresh raw milk for conversion to milk and milk products. The Nutritional Powders segment includes the processing and sale of dairy and nutritional products to domestic and international markets. Its product portfolio includes milk; yogurt; butter and stockist among others. Geographically, it derives a majority of its revenue from Australia. | $0 | -56% | $9M | $9M | 1.9x | (6.0x) | ||
| Median | $1 | -6% | $392M | $658M | 1.9x | 5.3x |
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