buy and lease

Doug Hensley, president of real estate services at Iowa land broker Hertz Real Estate Services, tells Agri Investor that Midwestern lenders are increasingly encouraging farmers with existing debt to explore sale options to financial buyers.

A five-point jump in sentiment is reported in February’s Purdue University / CME Group Ag Economy Barometer despite concerns about NAFTA renegotiation.

On an earnings call, Paul Pittman addressed liquidation scenarios while lamenting the gulf between the company’s $12-per-share net asset value and $7-per-share stock price.

Rural Funds Group, the country’s only pure agriculture REIT, sees bright prospects in cattle and cotton. We zoom in on the vehicle’s strategy.

The firm, which started its Buy & Lease strategy in Australasia 18 months ago, could also look at Uruguay and Paraguay.

Founder Stephen Johnston told Agri Investor that the manager has also raised C$60m for a separate open-ended vehicle targeting institutional investors with a buy-and-lease strategy focused on Canadian farmland.

The investment by an unnamed Canadian pension brings Fund IV’s total haul to C$130 million.

The US's largest farmland REIT will draw from the $144m it collected in August to buy the assets from a Temasek-owned agribusiness.

The US farmland REIT paid $5.4m to purchase White Hawk Vineyard, a California winery where the company hopes to more than double production.

The addition of Peter Bryde comes as the TIAA/Nuveen affiliate expands its agricultural investments in Europe through a dedicated fund.