Crops

Farmland LP’s Craig Wichner says lower prices, water regulation and debt exposure discouraged institutional participation in the auction of almond assets managed by Trinitas Farming before its bankruptcy.

Managing partner Rich Gammill says 'rural America is booming' as the firm's $200m Rural Growth Fund makes equity investments in the opportunity pipeline established by its credit strategy.

The Australian Competition and Consumer Commission is concerned that Olam Agri’s proposed takeover of Namoi Cotton could mean higher prices for cotton growers due to reduced competition among ginners.

Annual cropping continue to strongly outperform permanent farmland in the Australian Farmland Index, although returns were still only slightly in positive territory.

Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.

The Queensland-based fund will seek to deploy more capital in its home state, building on existing investments including the QLD Regional Livestock Exchange.

US row crop revenue growth depends on the country’s ability to tap new export markets in a time of growing competition from the Black Sea and LatAm, while reducing a reliance on Chinese buyers.

Australia's competition watchdog expressed concern that LDC’s acquisition of Namoi Cotton could ‘substantially lessen competition’ in the supply of cotton ginning services in northern Australia, among other issues.

The latest edition of Rural Bank’s annual analysis of Australian farmland values shows that growth rates continued to slow after an exceptionally strong five years.

A tighter market is likely to see more deals done based on economic fundamentals rather than hopes of capital gain, Rabobank says.