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Al Barbarino

Canadian PE firm Novacap invests in Mucci Farms

The new funding will help boost the company’s Canadian operations with equipment upgrades allowing for year-round production and support the construction of new facilities in Ohio.

Drone developer American Robotics secures first seed round

The funding will be used to it will be used to further develop American Robotics’ integrated drone system for commercial farming and to expand its team.

Spice PE backs LEON Restaurants with $32.4m investment

The investment marks Spice’s first since revising its investment strategy in July 2016 to focus on direct investments.

Timber elevates $10.3bn Church of England fund

The Church of England’s timber portfolio delivered a 24.3% return compared with the fund’s 17.1% total return.

Cattle industry applauds China beef agreement

A Cargill spokeswoman called the deal a “significant development.”

USDA certifies $31m Innova ag fund

The funds were pooled from members of the Farm Credit System, a nationwide network a group of banks and lenders chartered to serve agriculture and the US rural economy.

IMF highlights agri’s economic importance after Zimbabwe trip

“The recovery in agriculture and mining will drive growth this year,” according to a statement from the organization.

Canadian pension manager PSP invests in Australian nut grower

As of March 31, 2016, the Natural Resources portfolio held assets of $2.5bn, 16.8% of which represented agriculture.

China agrees to resume US beef imports after 13-year hiatus

China will allow US beef imports as soon as possible but no later than July 16, 2017, while the US will publish a proposed rule by that same date that will allow imports of cooked Chinese poultry into the US.

Rabobank launches agri innovation fund

The fund will invest in “high-potential, early-stage food and agriculture companies” that are aligned with aligned to Rabobank’s “Banking for Food” strategy in the US and Western Europe.