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NZ Super Fund deployed more capital into its beef JV Palgrove and is open to further acquisitions.
Southern Cross Poultry Fund - Murray Bridge - AAM Investment Group
AAM managing director Garry Edwards said that investors were looking for experienced managers with a strong record in agriculture, which has been “difficult to access” for some investors.
The Chinese firm sold one of the smaller properties in its portfolio due to a restructure, with the sale value understood to be north of A$13.2 million.
The heads of two of Australia’s largest beef producers said that northern Queensland floods had benefited their portfolios in some ways, with portfolio diversification also helping to mitigate negative weather events.
Hancock chair Gina Rinehart said Warrabah would allow ‘increased scale’ and ‘greater operational flexibility’ for its 23,000 head Wagyu herd.
Ongoing drought in eastern and northern Australia has put downward pressure on prices and led to a spike in production last year due to a lack of pasture.
An MBO led by Guy Hands, whose Terra Firma owns CPC, shows the lack of interest from other corporate farmers in the portfolio – but Hands and CPC management should be applauded for re-investing.
Outside investors will be invited to participate in the takeover, with Guy Hands and his family providing a cornerstone commitment alongside CPC management.
The UK has available farmland, but floating farms in ports and harbors close to urban areas could spring up in a post-Brexit landscape. Sue Lister sets out a potential framework for their development.
Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.
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