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The purchase brings diversity to the farmland REIT's portfolio, which is focused on horticultural crops.
Aberdeen senior investment manager Ryan Sullivan says growing investor interest should bolster permanent crop prices against dramatic falls.
Pegasus Agri-tech, one of the largest hydroponic farm owners and operators in the MENA region, is to build a facility in Florida.
The REIT has also added a 70-acre strawberry farm in Florida to its portfolio.
The firm is seeking to raise funds from institutional investors for the first time, after raising its first two funds from family offices.
The firm is thought to be targeting $300m for Silverlands Fund II, following the first Silverlands fund which focused on assets that would act as "hubs" in central Africa.
A USDA report finds production costs are falling, but inputs have grown as a percentage of revenues.
Global commodity food prices fell in July, after six months of modest gains, according to the FAO.
Chief executive Michael Dundon tells Agri Investor why the superannuation fund is still interested in agri opportunities, but wouldn’t find more room for building up a greenfield project.
US agricultural banks remain profitable in the face of rising risk and declining loan performance, but high demand could eventually prove a challenge.
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