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Trade war has had little impact on LP demand for exposure to Farmland Investors’ open-ended vehicle, says UBS.

Meat processor Thomas Foods is selling the 5,728ha horticulture property, which has a High Security water entitlement for the Darling River.

Stone Axe continues expansion of its vertically-integrated business on Australia’s east coast as it prepares to produce its first Wagyu meat before the end of 2019.

Local advisor Wilfred Moran says the deal’s size makes it an anomaly in a timber market dominated by transactions of $20m-$25m.

Double Impact fund principal Chris Cozzone says agriculture is a key focus for the $390m vehicle, with biological inputs and precision agriculture of particular interest.

Only $85m of deals were made by Chinese investors into Australian agriculture, part of an overall decline in investment in all sectors of 37.6%.

Lowered feed costs have helped create the highest level of investor interest in livestock in a decade, says head of agricultural finance group Barry Bogseth.

The merger would create Australia’s second-biggest superfund if it proceeds, behind only AustralianSuper and ahead of QSuper.

Chief executive Naveen Sika says the company is in discussions with PE firms and other institutional investors about whether the pongamia might be well-suited to Florida farmland previously planted in citrus.

Nick Waters and Patrick Hayden will be co-managing partners of Brisbane-headquartered Riparian Capital Partners, Pinnacle Investment Management's first ag-focused affiliate.