Established in 2001, FarmWorks has experienced strong growth since inception with revenues of $92 million generated in the 2009 financial year from its core rural services activities including merchandise services, livestock, financial solutions and property.

FarmWorks will trade as part of the ASX Agricultural Products sub-industry group alongside peer companies such as Elders (ASX: ELD), Landmark (part of AWB) and RuralCo (ASX: RHL).

FarmWorks revenues are currently generated mostly from Western Australia. The company will be expanding its business and brand identity in its other locations including South Australia, New South Wales and Queensland.

David Connolly, the recently appointed Chief Executive Officer said: “Having been CEO for 2 weeks it is already clear that the quality of the services and products supplied by FarmWorks and the people running the business are first class.”

“FarmWorks is well placed to capitalise on renewed confidence in the agribusiness sector in Australia. Recent heavy rainfall on the east coast has seen strong demand for our agricultural chemical products.”