Chris Janiec is Americas Editor at Agri Investor. Based in New York, Janiec coordinates coverage of private investment into global food and agriculture with colleagues in London. Previously, Janiec covered non-bank capital markets for PEI’s Private Debt Investor, taught international relations and US foreign policy at China Foreign Affairs University in Beijing and worked as an analyst of petroleum and shipping markets in New York.
The University of Illinois professor says growing global production and uncertainties surrounding trade and income helped produce the first negative quarterly cumulative farmland return recorded by NCREIF in 19 years.
The Series B shares will pay an 8 percent annual dividend and were offered as part of deal that gives SunOpta the option to call on a second tranche of $30m from Oaktree and Engaged Capital before mid-July.