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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.

Iowa PE firm closes second fund on $113m

Midwest Growth Partners founding partner tells Agri Investor the fund will target midstream and consumer-facing opportunities overlooked by larger investors.

Timber vets launch advisory amidst challenged market

Principals John Enlow and Eric Schwefler tell Agri Investor that Forest Resource Advisors will help institutions in a timber market characterized by compressing returns, changed LP expectations and the introduction of new fund structures.

CFOs and COOs Forum: PME gains ground as LP benchmark of choice

The shortcomings of available performance data are making public market equivalents a more attractive benchmark.
BFB portfolio

PSP buys majority stake in BFB from Proterra Investment Partners

The deal represents PSP’s latest major investment in Australian agriculture and has received FIRB approval.

Exclusive: OTPP acquires Washington orchard

Dale Burgess, the Ontario Teachers’ Pension Plan's head of infrastructure and natural resources, tells Agri Investor that Broetje Orchards is a natural fit for the C$194bn pension’s ag strategy.

Equilibrium unit buys US greenhouse for $11.3m

Senior principal Tom Amis tells Agri Investor that Revol Greens, the seller in the sale/leaseback transaction, has seen a spike in demand for greenhouse-grown produce following a recent E. coli outbreak traced to California lettuce.

Lyme Timber closes fifth fund on $300m

CEO Jim Hourdequin tells Agri Investor the vehicle is pursuing a mixture of conservation timberland assets and investments in the broader timber supply chain.

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