The fund should back private sector fund managers and speed the commercialization of emerging agri tech and practices in the country.
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Scale and predictable returns are key to increasing institutional investment into agriculture, LPs at Agri Investor’s Australia Forum said.
The manager expects its investment in one of Australia’s largest beef producers to serve as a platform for growth.
FIRB member Patrick Secker said Chinese investors account for a small part of Australian agri’s foreign investor universe.
A report by Industry Super Australia says the industry should move towards the global benchmark of a 1% allocation to agri.
The superannuation fund has spun out its impact investment arm to become Brightlight Impact, keeping an 80% equity stake. Former senior portfolio analyst Simba Marekera, head of research at the new entity, talks to Agri Investor.
The revised investment mandate follows a federal decision to delay withdrawals from the fund for at least 10 years.
Australia’s agricultural sector achieved double-digit returns last year that were significantly higher than the 9.3% posted in 2015, according to the Australian Farmland Index.
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.
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.