Kalliope Gourntis
Located north of Perth with its own water resource and easy access to the Dampier gas pipeline, the 6,679-hectare property has already drawn interest from private equity investors within a week of being put on the block.
Having reduced its debt burden by divesting nearly 50% of Glencore Agri last year, the Swiss commodities giant is looking to expand into the US agri sector.
Neil Woods, portfolio manager for timber & agri at NZ Super – a significant investor in New Zealand’s agricultural sector – talks about the fund’s plans to diversify by investing outside New Zealand and beyond dairy.
The poultry producer’s Western Australian expansion will involve relocating existing facilities and selling 40 hectares of land in Wanneroo.
“Prior to the cyclone, crop expectations were some of the best seen in years," Nick Waters, investment director at Blue Sky Alternative Investments, told Agri Investor.
The commitment to the food start-up fund marks the third investment made by Danone's newly-established venture capital unit.
Nearly the entire $28.4 million in loans the impact investment firm approved in March went to support companies operating in the agribusiness and food-related sectors in emerging markets.
Australia’s largest dairy processor will shut down one facility in Tasmania and two in Victoria as it attempts to shore up its balance sheet and make amends with shareholders.
The development bank has approved a $180m loan that will help the country refurbish its aging and highly-inefficient irrigation network.
With nearly 81 percent of Syngenta shares tendered and all regulatory approvals secured, the $44 billion dollar deal is on track to close in June.