Wish Farms chief operating officer JC Clinard told Agri Investor that his company plans to keep it planted predominately in conventional and organic strawberries

Gladstone acquires California strawberry property for $9m

Florida-headquartered Wish Farms, to which Gladstone has immediately leased the 324 acres of farmland in Salinas, plans to produce organic and conventional strawberries, as well as rotations in vegetables.

Chinese-owned Rifa Salutary puts beef portfolio up for sale

The portfolio in NSW and Victoria will be sold as a whole or in parts and is expected to fetch more than A$150m.

Blue Road enters baby greens with B&W Quality Growers acquisition

Derek McDowell, MD at seller Boyne Capital, says the sales process attracted 'pretty robust' interest from private equity and strategic buyers.

AgIS-backed California Olive Ranch completes sale and leaseback with Gladstone

The $9.2m deal comes two years after the olive producer received a $35m investment to support a doubling of its acreage.

Finistere-backed ZeaKal inks cannabis partnership, $10m investment

The crop chemicals company had been reluctant to enter the cannabis market without relevant expertise, says chief executive Han Chen.

Cotton growers in Murray-Darling Basin offer A$100m of water entitlements for sale

The group of farming families is offering a buyer the chance to return the water to the environment.

Oaktree-backed AGRO Merchants Group acquires Iberia coldstores

Chief executive Carlos Rodriguez says increasing produce and frozen fish volumes prompted expansion in a region that is a gateway to southern Europe.

Gladstone acquires Michigan blueberry properties for $7.8m

The NASDAQ-listed farmland REIT’s expansion comes as blueberry markets face reduced California production and growing competition from Mexico, Peru and Chile.

CPC divests seventh property in sale and leaseback arrangement

The firm has sold Manbulloo Station to an unidentified consortium but has leased the property back to keep running cattle there.

GrainCorp secures insurer deal to smooth out earnings volatility

The ASX-listed firm has signed a contract with White Rock Insurance in a similar arrangement to that proposed by Long-Term Asset Partners in its failed takeover bid for the company.
agri
agri

Copyright PEI Media

Not for publication, email or dissemination