AgCap has hired CBRE to sell the fund’s assets following a unanimous decision by its foundation investors, which include AustralianSuper and AMP Capital, to exit the fund despite double-digit returns.
Lewis & Clark Ventures and Prelude Ventures co-led the funding round.
Nearly one percent growth in average Iowa farmland prices seen over the past six months was not enough to counter the declines seen in the first half of the past year, according to a recent survey.
Canadian prime Minister Justin Trudeau was in attendance at the inauguration of the Anjou greenhouse, as the investment was made possible in part due to the reinstatement of a federal tax credit supporting VC funding.
OPIC has committed up to $75 million to the fund manager’s second agricultural fund, which like its predecessor will target the food and FMCG value chain in sub-Saharan Africa.
The investment was made from 8 Miles’ first fund, Fund I A, which closed in August 2013 on roughly $200 million, sources confirmed to Agri Investor.
The Agribusiness Latin America II Fund has raised $349.05m and is understood to target annual returns of more than 20 percent by focusing on mid-market food and agribusinesses across Latin America.
New sources of investment and structural change are needed to increase Australia’s market share, Agribusiness Australia says.
Cool Planet's products nurture beneficial microbes in soil to help retain water and keep nutrients in the root zone for a longer period of time.
The funding supports FarmLead’s expansion into the US market through the upcoming opening of its US headquarters in Chicago.