The US-based retail investment house will buy land in Louisiana and hopes to double investors' money.
At least three investment firms are offering exposure to the herb as M&A volumes increase, according to PwC.
The investment is a sign of more positive times for the Indian private equity market, according to the firm's India head.
The technology giant's Singapore operation has ventured into hydroponic vegetable farming in a bid to improve Singapore's self-sufficiency.
The New Zealand-based investment firm has raised NZ$1m of a NZ$3m - NZ$4m target to start developing a kiwifruit project.
The UK health charity has agreed to buy the cooperative's farming business for £249m ($420m; €314m).
Aqua Capital's $173m fund has backed companies including Comfrio, which operates foodservice logistics in Brazil for brands like Starbucks and Outback Steakhouse.
The $18m loan to Terra and African Milling Company Congo was issued in the wake of a decision by the institution to double its commitment to Africa's agriculture sector.
The agri data and analytics company was sold by SFW Capital, a New York-based private equity firm; its third time to change hands in six years.
The Mexican government is anchoring its third Agribusiness Capital Fund, targeting $100m. It hopes to launch a separate fund to attract foreign private equity funds at a later date.