Daniel Kemp
The A$250m Victorian Business Growth Fund’s investment in Flavorite is expected to help expand the business and create jobs.
Fundamental shifts in supply and demand, with increased plantings of permanent horticulture, will increase reliance on carry-over water and inter-valley trades.
CEFC has made its first investment in carbon sequestration with a A$1.7m commitment to the Soil Carbon Company.
The integrated cotton grower and ginning business has been placed on the market by JG Boswell Company, along with 134 megaliters of water entitlements.
The manager has lowered the fundraising target for its Australian Farmlands Fund due to restrictions on movement, but says investor appetite for assets remains strong, especially overseas.
Senator Jane Hume, assistant minister for superannuation, argues that the early super withdrawal scheme has gone ‘exceptionally well’ to date with only 0.5% of the whole system’s assets withdrawn.
The A$52 billion industry superfund has set a target to achieve net zero emissions in its portfolio by 2050, as part of a broader Climate Change Transition Plan.
MIRA’s head of agriculture talks to Agri Investor about sustainable farming in the wake of covid-19, and provides an update on fund deployment and plans for a fourth fund.
The VC firm, launched in 2019, has backed waste management start-up Goterra’s A$8m Series A round.
Productivity Commission finds that negative public perceptions around FDI in agricultural land are ‘not well-supported by evidence’ but concerns over FIRB processing times from investors have some merit.