Australian harvest is down on previous year totals and well below the long-term average.

A$8.1 million project began in December 2015.

Revenue is up 10%.

The company said the change stems from customers’ urge for a modern, competitive marketplace.

The A$18.5 million silo construction is expected to take around 18 months.

The terminal will be located in Huxley, Alberta, Canada.

First half profits, revenues up sharply from a year ago.

The project recently passed the 25% completion mark.

Proceeds from the transaction are expected to be A$190 million.

FarmDirect will primarily be available for milling quality wheat and feed barley.