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The Premium Food Fund has made five investments to date and is 40% committed, with another two or three deals over the next two years set to take it to full deployment.
To launch its first unlisted diversified fund, Duxton Capital, which has more than A$900m of AUM in agriculture, will build on a seed investment from an Australian institution.
Strong commodity prices and relatively cheap water make it a ‘good time’ to be an irrigated producer in Australia, goFARM’s Liam Lenaghan says.
Retail prices for avocados in Australia are tracking 47% below the five-year average thanks to an oversupply following large harvests in 2021-22.
Apricots, stone fruit
The two foundation assets for the Warakirri Farmland Fruit are stone fruit orchards that will be leased to WF Montague under a 20-year agreement.
OTPP’s AustOn will manage the new entity, known as Pomona Valley, with input from the current owners of the orchards.
Investors Mutual, which holds a 3.6% stake in Vitalharvest, has expressed concern about the value of MIRA’s bid for Vitalharvest, alleging a lack of transparency.
Strawberries, raspberries and blueberries on wooden surface
Primewest took over management rights to the Vitalharvest Freehold Trust in June, which is now subject to a takeover bid from MIRA worth approximately A$185m.
Kim Morison
In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.
The Frutas Fund will initially invest in Citri&Co and Frutas Esther and could make acquisitions to expand their global presence and product range.
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