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MIRA and QIC maintain cattle herds amid ‘difficult decisions’ during drought
The heads of two of Australia’s largest beef producers said that northern Queensland floods had benefited their portfolios in some ways, with portfolio diversification also helping to mitigate negative weather events.
Hancock Prospecting buys NSW cattle station to expand Wagyu production
Hancock chair Gina Rinehart said Warrabah would allow ‘increased scale’ and ‘greater operational flexibility’ for its 23,000 head Wagyu herd.
Rural Funds publishes property values in continuing defense of business
Embattled listed fund manager, which generates income by leasing farmland, published a farm-by-farm breakdown of property values as it tried to reassure investors in the face of a short-selling attack.
Gladstone acquires Nebraska farmland in $14.7m deal
The publicly traded REIT said the acquisition is in line with its strategy of buying or converting farmland from conventional to organic farms
Could floating farms work in the UK?
The UK has available farmland, but floating farms in ports and harbors close to urban areas could spring up in a post-Brexit landscape. Sue Lister sets out a potential framework for their development.
Drought sees Australian farmland returns dip in Q2 2019 – NCREIF
Farm income returns dropped to their lowest level in four years as dry conditions persist in eastern and northern Australia, but annualized returns remain steady year-on-year.
Red Reef brings in $61m towards $300m target
bfinance director Guy Hopgood says investor demand in ag is being fed by the return of capital held in real estate and infrastructure vehicles nearing the end of their lives.
PSP to take Australia’s Webster private in A$724m deal
Canadian pension fund PSP has agreed to acquire 100% of the shares in Webster, Australia’s largest walnut producer and a significant holder of water entitlements in the Murray-Darling Basin.
Nuveen targets $2.4bn for first open-ended farmland fund – exclusive
The vehicle secured $100m from the Vermont Pension Investment Committee and will aim to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
TIAA’s Westchester puts NSW dryland cropping property up for sale
Westchester is selling its NSW Golden Triangle property, Grainfields, expected to fetch a price of more than A$8,000 per ha.
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