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Iroquois Valley Farms has bought and leased a 177-acre farm in New York through its Young Farmer Land Access Program.

The USDA will invest the capital into water conservation partnerships that aim to solve regional water issues.

Emerging market fund managers can submit proposals to qualify for an OPIC investment fund totaling about $400m.

Rural America Fund II has made its first investment in Aquatrols Corporation of America, which produces a compound to optimise soil-water-plant interactions. RAF II is still fundraising for a $75m target.

The US buy-and-lease farmland fund manager is targeting $225m and has already raised $123m according to SEC filings. It is set to close its first fund at the end of May.

PensionDanmark's CEO expressed interest in the fund that will attract commitments from the private sector alongside a Kr500m ($75m; €67m) injection from the government.

Bayer will work closely with entrepreneurs at Flagship and its innovation arm VentureLabs to identify technologies that could be helpful to Bayer’s mission of improving farming and agriculture.

Meritus Ventures and Innova Memphis were selected by the USDA to be RBICs and are raising $125m between them to invest into early-stage rural and agtech companies in Tennessee.

Agriculture fund managers are taking a relatively positive stance on California’s drought and see it as an exercise in cautious farm management despite the raft of recent legislation aimed at conserving water at home and on farms.

The knowledge-based platform for farmers, which won World's Best Startup in 2014, is in talks with a variety of venture capital firms in Europe and the US about the capital raising round.