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Rural Funds publishes property values in continuing defense of business
Embattled listed fund manager, which generates income by leasing farmland, published a farm-by-farm breakdown of property values as it tried to reassure investors in the face of a short-selling attack.
Gladstone acquires Nebraska farmland in $14.7m deal
The publicly traded REIT said the acquisition is in line with its strategy of buying or converting farmland from conventional to organic farms
Ag ‘thunderstorm’ brings debt and equity opportunities – Tiverton Advisors
Managing partner David Chattleton says for the 'first time in six to seven years' it is an ideal moment to deploy equity, after raising $60m for two ag funds.
Drought sees Australian farmland returns dip in Q2 2019 – NCREIF
Farm income returns dropped to their lowest level in four years as dry conditions persist in eastern and northern Australia, but annualized returns remain steady year-on-year.
MIRA closes third ag fund on A$1 billion hard-cap – exclusive
Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.
PSP to take Australia’s Webster private in A$724m deal
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.
TIAA’s Westchester puts NSW dryland cropping property up for sale
Westchester is selling its NSW Golden Triangle property, Grainfields, expected to fetch a price of more than A$8,000 per ha.
$14.5m FarmWise Series A comes amid growing robotics interest in ag
FarmWise’s autonomous robots are already being used by customers to carry out weeding and the company plans to use the Series A funds to add further farming capabilities.
Australian farm production projected to fall to Millennium Drought levels in 2019-20
ABARES forecasts that sharp falls in livestock production and summer crops will lead to farm production volume dropping by 15% next year, hitting lows not seen in more than a decade.
Rural Bank: ‘Bittersweet’ year for Australian ag exports
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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