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The USDA's National Institute of Food and Agriculture has awarded 21 grants totalling $10m to universities across the country to support solutions for critical water problems in rural and agricultural watersheds.

Indian venture capital firm Omnivore has invested $1m into Ecozen Solutions, a campus start-up from a tech institute, which is working on using solar power in the agri supply chain.

The pension is making the allocation as part of its real assets direct and co-investment programme.

The Californian drone technology company has raised $9m in Series A funding following an earlier seed round last year. It is the third drone company to raise capital in a month.

The biotech developer and manufacturer of algae-based chemicals serving the animal health, human health and water treatment market, has closed a Series B funding round on $7 million.

The Canadian venture capital fund's exit involved a range of successful investments including AgraQuest, Chromatin and MCN BioProducts.

An IFC-led syndicated loan provided $110m to a Cambodian bank to increase lending to rural businesses and a World Bank loan to Mozambique aims to boost the country’s efforts to increase access to food.

Australian sheep meat and cereals investment manager Growth Farms has held a first close of its first fund on A$35 million.

The US pension fund has invested in three funds since August including US Farming Realty Trust III, Paine & Partners Fund IV and ACM Permanent Crops fund.

The $120m Indian private equity fund has invested in Sustainable Agro-commercial Finance, a rare agriculture-focused Non-Banking Financial Company, in its fourth investment so far.