Crops

Paine Schwartz Partners has reduced its takeover bid for ASX-listed Costa Group to A$3.20 per share, down from a previous bid of A$3.50, after Costa lowered its forecast earnings for H2 2023.

Kilter Rural has used its initial capital raise to purchase several assets in the southern Riverina region of New South Wales, with a pipeline of further assets nearby.

Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.

Sunshine Farms Aggregation was a seed asset for the AAM Diversified Agriculture Fund, with AAM selling as it shifts focus to the north.

The acquisition of Jemalong continues the expansion of Lawson Grains’ portfolio, with co-investor AIMCo keen to continue building out its Australian farmland assets.

The deal means a partial realization of Paine Schwartz’s 2019 investment into Special New Fruit Licensing.

Aither’s annual Water Markets Report shows decline in the Aither Water Entitlement Index, a measure of entitlement values, for the first time in a decade.

The Warakirri Diversified Agriculture Fund now has exposure to nuts, viticulture, soft-leaf vegetables, agricultural infrastructure and citrus fruit across Australia.

The acquisition is the first step in the buildout of The Flavour Farm, a European indoor ag play that will incorporate renewable energy assets as a core growth strategy.

Paine Schwartz Partners, which previously invested in Costa from 2011-15 before listing it, has bid to acquire it again in a deal worth A$1.6bn.