Duxton Farms Chairman Ed Peter to retire after nearly 20 years
Duxton Farms Chairman Ed Peter has announced his intention to step down as Chairman at the conclusion of the upcoming Annual General Meeting, effective 18 November 2026. He will retire as a Director effective 31 December 2026.
The Company will undertake a process to appoint an independent Chair in addition to another new Director over the course of the 2027 Financial Year. All other Board and Committee positions remain unchanged, pointing to a planned transition with governance continuity maintained.
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The founder behind the Duxton Farms portfolio
From broadacre land to diversified agriculture
Mr Peter is the founder of Duxton Farms, responsible for developing the initial investment thesis and constructing the original portfolio of assets over nearly 20 years. He oversaw the listing of the Company in 2018 and played a key role in guiding the underlying investment strategy for a large portion of the past decade.
In his own account, the Company’s evolution runs as follows:
- It started with a relatively small collection of broadacre farming assets.
- The investment thesis was narrow, focused on mispriced land assets.
- It is now a diversified agricultural enterprise representing viticulture, apiculture and horticulture operations.
Mr Peter said the result is something that would normally have taken generations to build.
Chairman Ed Peter
“From that small base, we have created something which would normally have taken generations to put together…”
“…despite recent challenges I am confident that the portfolio I leave you with today has an exceptionally strong foundation for substantial long-term growth, and I look forward to following Duxton Farms’ development as a shareholder in future.”
Board praises discipline and a resilient portfolio
The Board said Mr Peter’s focus has been on building long-term value for all shareholders, and that he backed that conviction by consistently investing his own capital alongside them.
Duxton Farms Board
“Through every stage, his focus has been on building long-term value for all shareholders, and he has backed that conviction by consistently investing his own capital alongside them…”
The Board described the current portfolio as:
- Spanning diverse agricultural enterprises across multiple regions and climatic zones
- Balancing mature, cash-generating operations with developing assets that offer significant future upside
- Offering a spread of commodities, geographies and asset maturities that, in the Board’s words, provides a resilience that few agricultural businesses in Australia can match
The Board said it will carry forward the same discipline and long-term perspective, with an unrelenting focus on delivering value for every shareholder.
The apples business sale to DAA Holdco, agreed at an uplift on the original purchase price within nine months, is the latest example of the Board choosing to monetise a profitable operation.
Understanding board renewal and why it matters to investors
An independent Chair leads the Board, helps hold management to account and acts in the interests of all shareholders. Moving from a founder-led Board to an independent Chair is a common governance milestone for listed companies.
Mr Peter said he decided to retire from the Board to facilitate a refresh in management as the portfolio enters its next period with a broadened exposure to the Australian agricultural sector.
| Role | Change | Effective date |
|---|---|---|
| Chairman | Steps down at conclusion of upcoming AGM | 18 November 2026 |
| Director | Retires | 31 December 2026 |
| Independent Chair and new Director | Appointment process | Over the 2027 Financial Year |
What happens next for Duxton Farms’ Board
- Upcoming Annual General Meeting: Mr Peter steps down as Chairman at its conclusion, effective 18 November 2026.
- Retirement as a Director: Mr Peter retires from the Board effective 31 December 2026.
- Independent Chair and another new Director: The Company will undertake an appointment process over the course of the 2027 Financial Year.
- Further Board updates: The Company will announce further updates to the Board of Directors “in due course.”
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