Daniel Kemp
The MD of Laguna Bay likened a land tax on foreign investors in Queensland to ‘kicking own goals’ and said it had ruled them out of further investment in the state’s farmland.
QIC will look to raise and deploy funds for its first natural capital vehicle over a longer time horizon than originally planned, after senior leaders departed earlier in 2024.
Tai Lin says Proterra Asia is attracted to the Chinese market and is also about to announce its first investment in Australia.
The sale of One Tree for upwards of A$250m would mark another step towards the complete divestment of Proterra’s second Global Agriculture Fund.
Telstra’s decision to stop purchasing carbon credits in favor of direct emissions reduction is commendable but it has implications for carbon markets and natural capital.
Annual cropping continue to strongly outperform permanent farmland in the Australian Farmland Index, although returns were still only slightly in positive territory.
QIC has backed Pollination’s new venture capital fund, which is aiming for a final close in 2025.
Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.
The Queensland-based fund will seek to deploy more capital in its home state, building on existing investments including the QLD Regional Livestock Exchange.
Dairy giant Fonterra will listen to offers for its consumer brands as well as its manufacturing facilities in Australia, New Zealand and Sri Lanka.