A joint venture headed up by the former managing director of Wellard Rural Exports has spent $50 million in the last 12 months acquiring grazing properties across two states and a feedlot, to create a livestock supply chain into global markets such as China.Steve Meerwald, who spent almost 30 years with Wellard, is now the director of Harmony Agriculture and Food (HAAFCO), which has partnered with Chinese company Hopshun Australia, which is owned by real estate giant Dalian Hesheng Holdings.

Source: Australian-Chinese joint venture outlays $50M on live export assets as Sino Marine launches first ship – ABC Rural – ABC News (Australian Broadcasting Corporation)