Ed Peter steps down from Duxton Farms after 20-year run
Duxton Farms founder Ed Peter is stepping down after the company lost $40.3 million and shares fell to 35 cents.
Ed Peter, a former investment banker and a leader in farming, is ending his 20-year run as chairman of Duxton Farms and leaving the board. The company manages about 170,000 hectares across livestock, cropping, vineyards, cotton, cattle and beehives, worth about $120 million.
Duxton posted a loss of $40.3 million in 2025-26. The year before it lost $12.5 million.
The share price has fallen sharply this week to 35 cents. In 2022 it was $2.
In January it was 90 cents. The fall followed Duxton's controversial move to absorb Peter's private farming interests in Victoria and Duxton Bees.
Shareholders were angry. The company is now selling apple orchards and some apiary assets.
Peter said the change would allow new management and let Duxton broaden its farming.
- 20 years
- Tenure as chairman
- $40.3 million
- 2025-26 loss
- 35 cents
- Share price now
- 170,000 hectares
- Land managed
Why it mattersThe departures and asset sales signal major restructuring at a large Australian agricultural operation during difficult market conditions.
AustraliaMajor changes at one of Australia's largest diversified farm operations, with ripple effects on rural employment and agricultural investment in the sector.
✓ Claims checked against the source. checked 1 h ago
