Livestock

AAM managing director Garry Edwards said that investors were looking for experienced managers with a strong record in agriculture, which has been “difficult to access” for some investors.

The investment into Warburton Technology has led to the creation of a new animal nutrition platform that will also house MS Biotech.

Atlantic Sapphire is building a land-based salmon farming facility in Florida, the success of which could influence financing conditions for up to 70 similar projects proposed globally.

Lighthouse Finance managing director Howard Tang says the fund will largely look to help finance critical operating equipment for established seafood companies.

Vote on the A$72m sale of poultry assets to ProTen passed with approval from 65% of unitholders in RF Poultry, the listed vehicle that is the lessee and operator of the assets.

Fund manager Kaizen Capital has expressed concerns over alleged conflicts of interest and undervaluing of assets, and called for a vote on the sale to be delayed until these could be addressed.

Global food and agriculture sector lead Taryn Goodman said the fund’s portfolio companies are well placed to support local income and benefit from increasing affluence.

The Brisbane-headquartered fund manager is launching a diversified ag fund for the first time, following on from the success of three single-asset funds in poultry, cattle and softwood.

The Chinese firm sold one of the smaller properties in its portfolio due to a restructure, with the sale value understood to be north of A$13.2 million.

The listed asset manager, which has been under fire from short-sellers in recent months, has sold the assets in NSW and Victoria because they are ‘better suited to business with greater economies of scale’ like ProTen.