Daniel Kemp
Favorable climatic conditions have set up a bumper grains crop in Australia. But ANZ warns the sector should prepare for ‘the confluence of major global factors’, including covid-19.
Rural Funds Management will convert the sugar cane properties to macadamia orchards after acquiring them from local grower and processor MSF Sugar.
The two funds, which have either already invested in agriculture or have begun to dip their toe in to the sector, will create a A$129bn combined entity in November.
A drive for greater transparency and regulatory oversight in the Murray-Darling Basin will make water a more investable asset class for institutions.
Australia’s competition watchdog proposes governance changes but recognizes the benefits of having private investors participating in water markets.
McWilliam’s Wines has been taken out of family ownership for the first time in more than 140 years after a sale to newly formed Prcstnt Asset Management.
Business lobby group Agribusiness Australia found the sector’s governance needs to improve to attract more investment, among other changes required.
The private equity firm has made the investment through its $1.3bn Global Impact Fund, which closed in February 2020.
Australian farmland's annualized income return of 9.26% outperformed a capital return of 5.21% to help prop up total annualized income, reinforcing the asset's resiliency credentials.
Income returns strengthened significantly despite the fall in capital returns, due to strong export demand for Australian products.