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Peoples Company adds Michigan appraisal firm to growing network

The deal will give Value Midwest clients access to Peoples Company’s brokerage, land management and investment services.

PSP terminates strategic agreement with Blue Sky

The Canadian pension and the Brisbane-based fund manager have agreed to end their strategic partnership, covering some A$200m of assets.

Farmer Mac’s president highlights energy-ag convergence

After taking the helm at the NYSE-traded secondary marketplace for agricultural loans in October, Brad Nordholm tells Agri Investor it is getting harder to make generalizations about its agricultural borrowers.

Idaho Land Board picks up 32k-acre Molpus timber portfolio for $42m

Deputy director David Groeschl says the Land Board has $109m remaining for in-state ag and timber purchases.

Partnership looks at impact of organic conversion on farmland values

Farmland service provider Peoples Company and data firm Mercaris will work with producers and other industry contacts to produce a study on organic farmland as an asset class.

NJDOI enters farmland, backing Homestead with $100m

A memo from acting director Corey Amon highlighted Homestead’s ESG policy and the downside protection offered by “lease structures that transfer the burden of productive yield and crop prices to the farm operator.”

Equilibrium acquires greenhouses with plans to expand

The firm plans double the size of Houweling’s Group’s 30-acre Utah greenhouse, as expansion capital becomes increasingly important for the indoor ag market.

IFC acquires Washington apple companies amid active market

Washington agronomist Stu Turner tells Agri Investor that a large apple crop in 2017 has helped financial investors play an increasingly active role in the state’s farmland market.

TRS Louisiana creates $100m AgIS separate account

AgIS founder and president Jeff Conrad told a conference audience last month that US pensions are increasingly viewing farmland as a permanent fixture of their asset mix.

Alaska Retirement boosts permanent crop target, opens to direct

ARMB real assets investment manager Nicholas Orr stresses row crops’ limited return potential in calling for changes to the pension’s $852m farmland portfolio.

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