Crops

The evergreen vehicle has amassed a portfolio of 7,800ha of farmland and four biogas plants in the Czech Republic.

The sale of ‘Kentucky’ by Duxton continues its pivot away from dryland cropping, with Mormon-owned Alkira Farms growing its portfolio further.

Pricing pressures and elevated costs have contributed to a sharp decline in returns among permanent cropping assets.

The vehicle has a preference for permanent crops and has received anchor investments from the two firms totaling €250m.

The Dellapool acquisition sees GoFarm double down on its strategy of securing large volumes of water entitlements in the face of government buybacks.

The acquisition of the Budwood Citrus aggregation marks Warakirri’s first exposure to New South Wales for the Diversified Agriculture Fund.

Private Australian buyers have snapped up sizeable portfolios from asset managers including Proterra Investment Partners and Laguna Bay Pastoral Company in recent years.

The vehicle has been rejigged into a permanent crop-only play and a separate fund will now execute the strategy’s planned forestry investments.

The senior director expects 2025 to bring an acceleration in irrigated agriculture, more deals arising from farming families exiting the industry and closer relationships with investors.