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Interest from institutional investors and private equity remains strong in Australian agriculture despite difficult conditions because of a belief in the asset class’ ‘long-term thesis’.
Australian superannuation fund sells its portfolio, a combination of irrigated farming properties and water rights, to a subsidiary of ASX-listed Washington H Soul Pattinson for approximately A$100 million.
Canadian pension fund PSP has agreed to acquire 100% of the shares in Webster, Australia’s largest walnut producer and a significant holder of water entitlements in the Murray-Darling Basin.
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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MD David Bryant tells Agri Investor that a new report by EY confirms that allegations made by Bonitas Research were ‘completely without foundation’.
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The deal for a 49% stake in Cubbie Station is MIRA's first large-scale irrigated cotton acquisition.
The group of farming families is offering a buyer the chance to return the water to the environment.
Meat processor Thomas Foods is selling the 5,728ha horticulture property, which has a High Security water entitlement for the Darling River.
The Brisbane-based firm, which was part of a failed Chinese-led bid for S Kidman & Co, has seen ‘continuing interest’ from investors in unlisted assets.
The manager of ASX-listed Rural Funds Group has bought cotton and cattle properties months after securing A$150m through an equity raise.
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