AACL was founded in Western Australia (WA) in 1997 to assist Australian grain farmers to better manage their production and price risks and to provide farmers with access to investor funds in line with other major Australian industries.
AACL is the largest grain production enterprises in Australia and has invested almost $200 million with farmers to grow crops since 2005.
In October 2010, AACL executed a major 3 year funding and marketing agreement with Glencore Grain Pty Ltd (Glencore). Under this arrangement Glencore will provide AACL with a minimum of $50 million each season for 3 seasons' investment in GCP Projects.
Recently, AACL has undertaken a strategic review of the Company and has implemented the following initiatives:
- Formalised a long-term funding and marketing agreement with Glencore for 2011 to 2013 with a further three year extension able to be agreed.
- Established a new streamlined management structure.
- Modified AACL's key GCP product to provide an improved balance of risk and rewards for investors and farmers.
- Redefined the Company's vision and values.
AACL has a head office in Perth, an office in Melbourne and regional staff in NSW, VIC, SA and WA.