farmland

The deal represents PSP’s latest major investment in Australian agriculture and has received FIRB approval.

Dale Burgess, the Ontario Teachers’ Pension Plan's head of infrastructure and natural resources, tells Agri Investor that Broetje Orchards is a natural fit for the C$194bn pension’s ag strategy.

Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.

A market source tells Agri Investor the creation of the diversified Mahi Pono joint venture reflects the C$159bn pension’s strategy to develop between 20 and 25 platforms across agricultural regions and sub-sectors.

With the conversion of rainforest into farmland likely to be a closely watched gauge of Brazil’s new administration, farmland investors active in the market will be challenged to carefully weigh near-term opportunities and long-term challenges.

The firm is enlarging its rural team in the UK and introducing an ag-finance service to broker deals between farmers and investors, providing expertise amid Brexit uncertainty.

Aquaculture firm Seafarms Group novated its option to buy Legune Station in the Northern Territory to AAM but signed a lease to continue developing Project Sea Dragon.

Farmland prices in the country have tumbled 15% since their 2015 peak and ag investment has declined amid an unsettled future for the sector, industry insiders tell Agri Investor.

ABARES, the country’s agriculture bureau, revised down its prediction from September 2018 to reflect ‘unfavorable’ conditions in most cropping areas.

Savills and Deloitte are examining the offers for 13,000 acres of freehold farmland, which is expected to cost more than £200m.