Crops

ACG Materials’ purchase of Diamond Gypsum marks the seventh acquisition since the company entered H.I.G.’s portfolio in 2012.

The REIT paid some $13.6m for four contiguous farms at a time when tree nuts stand to benefit the most from increasing global middle class consumption.

L3F, an impact fund backed by four major multinationals, will invest €2m in a project aimed at helping smallholder farmers triple their revenue while improving the quality of vanilla.

The 14 berry and citrus farms could fetch as much as A$300 million, according to Kidder Williams, the agricultural corporate advisory firm executing the sale.

Former Monsanto executive David Duncan will look to forge partnerships in the Midwest and build upon his experience helping technology companies commercialize their breakthroughs.

New Zealand’s avocado industry recorded its highest ever volume and value levels last season, with growing global demand attracting investors to the fruit.

The Seattle-based global coffee chain is proving $2m to an Inter-American Development Bank program providing loans to female smallholder coffee farmers in the South American nation.

The deal comes one year after CITIC Agri Fund Management was established together with Yuan Longping High-Tech Agriculture and two other listed agricultural companies.

The firm co-led the round in biologicals start-up NewLeaf Symbiotics alongside Otter Capital, bringing capital raised by the company to nearly $50m.

While the drop is significant, production is expected to remain close to average levels in 2017-18 given that last year was a record-breaking season.