Emerging Markets

Agri Partners and Caribbean Sustainable Agriculture are making use of debt - should more agri investment firms follow their lead?

The Mexican government is anchoring its third Agribusiness Capital Fund, targeting $100m. It hopes to launch a separate fund to attract foreign private equity funds at a later date.

The creation of a Rs 100 crore ($16.6m; €12m) agtech investment fund does not go far enough to support the sector but alongside other agri initiatives is a step in the right direction, according to private equity professionals.

The bodies’ joint annual agricultural report, the Agricultural Outlook, predicts that agriculture prices will continue to fall from recent peaks and will stabilise at pre-2008 levels on the back of increased production globally.

The Eastern Europe-focused fund management firm will not charge a management fee until assets under management reach $5m. The performance fee has also been reduced.

The Colombian forestry asset manager has raised $24m in equity from a $70m equity raise target; the remainder will be raised through debt.

Caribbean Sustainable Agriculture is targeting a $10m close by the end of July in an offering that promises investors to return 8% after four years.

Cibus Farmland Club wants to raise between €50 million and €100 million over the next two years and will supervise the improvement of leased-out land in the country.

The average yearly growth in agricultural GDP in India in the last decade was 4.0%, a new report says.