Permanent Crops

Capital appreciation remains low following years of growth, but another quarter of strong income returns saw annualized returns hold up well during the beginning of covid-19.

Associate portfolio manager Brent Snow says the fund may look to use its water portfolio to develop assets directly and take on operational risk, but sale-and-leasebacks will continue to be the main avenue for investment.

In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.

Rural Funds Management will use some of the proceeds of the sale to further its macadamia orchard development strategy.

Schoen says NewAg Partners is eyeing up assets being prematurely disposed of by funds limited by their ‘10-year drop-dead PE’ structure, as it targets IRRs in the 12-15% bracket.

The consumptive water pool is set to be higher in 2020-21 than it was last year, but more rainfall is needed to make a material difference to water prices.

Rural Funds Management will convert the sugar cane properties to macadamia orchards after acquiring them from local grower and processor MSF Sugar.

Australia’s competition watchdog proposes governance changes but recognizes the benefits of having private investors participating in water markets.

Income returns strengthened significantly despite the fall in capital returns, due to strong export demand for Australian products.

MIRA’s head of agriculture talks to Agri Investor about sustainable farming in the wake of covid-19, and provides an update on fund deployment and plans for a fourth fund.