farmland

Firm partner Adam Oliver says institutional farmland managers’ efforts to broaden portfolios and diversify risk is helping create interest in the country.

NZ Super Fund deployed more capital into its beef JV Palgrove and is open to further acquisitions.

The ASX-listed firm is unlikely to be able to enforce its win over the US-based Bonitas Research, but having a judge find in its favor is victory enough.

Curtis Buono and Jeremy Darner said they expect to focus largely on helping institutional investors deploy funds in California farmland markets increasingly shaped by the SGMA.

The move comes after two failed follow-on fundraising attempts and a raft of senior departures over the years.

Daybreak Cropping has purchased Erregulla Plains, extending PSP’s agricultural exposure in Australia to Western Australia’s northern Wheatbelt for the first time.

Foodservice is likely to be the primary customer base on which Wonderful builds out its production, given the popularity of seedless lemons in food preparation industries.

Increased capital requirements for New Zealand’s banks will lead to higher interest rates and less appetite to lend to sectors like agriculture.

The fund will focus on deals averaging $20m to create a portfolio of row and permanent crops with its first four investments targeting permanent cropland in California.

The blended finance vehicle has also attracted investments from the European Investment Bank as well as French and British government agencies.