Europe

The country's agriculture ministry said CAP-style direct payments will fall to less than half of current levels by 2024-25, but conceded its successor system is built on ‘blind optimism’.

Bare agricultural land prices in England and Wales rose from £6,912 per acre in Q4 2020 to £7,580 in Q4 2021 – the highest average price since 2016.

One of the companies into which the firm will invest is Tracegrow, which repurposes used alkaline batteries into organic fertilizer for crops.

The vehicle will partly deliver distributions in the form of carbon credits that can either be sold or retained to support an LP's sustainability targets.

Manu Gupta has a track record as a seasoned venture capital investor and has been involved in establishing two VC firms.

The vehicle will pursue timberland investments in Ireland and the Baltics as well as permanent crop opportunities in Spain and Portugal.

Pierre-Henri Carles says the French firm has already collected €70m from Italian retail investors and expects to reach €100m by the end of 2021 before turning to institutional capital.

The European firm has taken €150m from two Dutch insurance companies for the UN Sustainable Development Goals-aligned vehicle.

The Swedish pension has roughly $1bn in total forestry investments, around 80 percent of which is through direct and co-investment structures.

Progress in land market reform will be celebrated when Joe Biden meets with his Ukrainian counterpart next week, but the path forward is far from clear.