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NCREIF: Australian ag returns fall for second successive year in 2018

The latest Australian Farmland Index paints a positive picture for Australian agriculture, although drought conditions in the east are hitting returns in some cases.

The uncontrollable known

Ag fund managers are hoping for resolution of US-China trade tensions. The savviest will prepare for them to get better and worse.

Hamilton Lane: ‘We’re starting to see farmland returns normalize’

Managing director Brent Burnett says recent data suggest return expectations for US farmland are closer to the 6-8% range than the 10-12% suggested by long-term performance.

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.

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.

Ag tech start-up SeeTree secures $15m funding

The firm will focus on developing artificial intelligence and drone technology to monitor citrus tree orchards health and productivity in California and Brazil.

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.

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