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A recent survey in Italy on food labelling has highlighted that origin, especially Italian origin, is crucial to the country’s consumers. They are prepared to pay a premium for this information, too. Ilario Giangrossi and Chiara Bicci of Norton Rose Fulbright’s Milan office discuss the opportunities that arise from this end-customer focus.
Dairy prices are down and staying down, according to Rabobank, hitting profitability for farmers and investors. However, production for key regions like Australia and New Zealand is growing.
Racova Group, one of Romania's largest agribusinesses, operates over 46,000 hectares of farmland in the country.
Arlon Group acquired The Coastal Companies, a distributor and processor of fresh produce and dairy products in the mid-Atlantic region of the US with its $335m North America fund.
Australian Dairy Farms Group, the first ASX-listed dairy company, has launched a A$16m share placement to pay for the purchase of three dairy farms which will double its production capacity.
Iroquois Valley Farms has bought and leased a 177-acre farm in New York through its Young Farmer Land Access Program.
Southern Pastures, the New Zealand dairy fund, has closed on $300 million after getting commitments from 100% institutional investors.
The Australian dairy fund manager, which doesn't want to disclose the size due to the potential impact on farmland prices, will hold a final close later in the year.
Two funds of funds are considering the Nigerian agri impact fund ahead of its final close. The fund made its first investment into a dairy business.
A recent report from government bureau ABARES indicates a 29% increase in average dairy farm cash incomes.
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