Chinese, Thai and Middle Eastern investors are to help fund and run the super-sized, vertically integrated project.
Willowood USA will use the investment from speciality buyout firm Lariat to expand operations of its post-patent agri inputs business.
The acquisition by the Cooke group marks the second attempt by P&P to sell off the seafood company, after a previous agreement fell through last autumn.
The joint venture with Afrisian is the start of an expansion effort by the animal feed and edible oils company.
Inner Mongolia Fuyuan Farming has acquired a 79% stake in Australian dairy ingredient processor Burra Foods.
The acquisition of 51,700 acres of South Carolina timberlands brings the REIT's total timber holdings to nearly half a million acres.
The government-owned investment manager has bought a large stake in the 5.8m hectare cattle companies.
Ventura Foods will take on assets from Cargill's facilities in Ohio, Georgia and Florida.
Following Treasurer Scott Morrison's preliminary decision to block the sale, the Chinese bidders have now withdrawn.
The acquisition is part of an expansion effort for the company's genetic testing business for livestock in Brazil.