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QIC will look to raise and deploy funds for its first natural capital vehicle over a longer time horizon than originally planned, after senior leaders departed earlier in 2024.
Rural Bank’s latest agricultural outlook report finds that emissions will be a key focus for Australian farmers, while elevated freight costs will have a mixed impact on exports.
Skills learned in other parts of the private equity universe can now be applied to the sustainable agriculture sector, says Andrew Champion, head of natural capital at QIC.
Annual cropping continue to strongly outperform permanent farmland in the Australian Farmland Index, although returns were still only slightly in positive territory.
Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.
The Queensland-based fund will seek to deploy more capital in its home state, building on existing investments including the QLD Regional Livestock Exchange.
The firm manages a 306,000ha portfolio that is regeneratively managed and sequestered 100,000 tonnes of CO2 while emitting 30,400 tonnes.
The latest edition of Rural Bank’s annual analysis of Australian farmland values shows that growth rates continued to slow after an exceptionally strong five years.
A tighter market is likely to see more deals done based on economic fundamentals rather than hopes of capital gain, Rabobank says.
Profits dipped at Macquarie Asset Management thanks to increased costs in developing renewable energy projects, as well as a slowdown in asset realizations in clean energy.