The median price per hectare of Australian farmland has increased for the ninth consecutive year, with CAGR over that period of 11.5%.
Laguna Bay managing director Tim McGavin says DBJ is a ‘natural fit’ with the firm’s investment philosophy and hopes to secure further capital from Japanese LPs.
Paraway Pastoral Company, owned by MAM’s Macquarie Pastoral Fund, will sell Borambil Station, Pier Pier Station and the Burmah Aggregation for a likely A$180m.
Macquarie Asset Management has A$38.4bn of equity dry powder to deploy across all asset classes after another strong year of fundraising.
The Kilter Agriculture Fund will invest in farmland water and is targeting A$65m in a first fundraise that will close later this month.
The Harvard Management Company spin-out’s first vehicle was supported primarily by its former parent and $309bn insurance company, American International Group.
Dutch insurer ASR has committed €10m to the Article 9 fund, which links 100% of its carried interest to the achievement of impact goals.
Agreement between the two countries raises hope that 80.5% tariffs on Australian barley exports to China could be lifted within the next four months.
Dahab Associates director of research Kevin Connolly says farmland allocations are becoming more common among his investment consultant peers, while he sees opportunities narrowing in the market.
The main challenge in farmland investing is finding experienced managers to oversee assets, says Becs Willson, managing director at Proterra Investment Partners.