Permanent Crops

Farmland Opportunity president Jay Girotto says the full land market impact of recent ‘feast, then famine’ production dynamics in Pacific Northwest remains to seen.

The A$150bn Aware Super will sell the Lake Boga portfolio, a collection of assets previously owned by VicSuper pre-merger and managed by Kilter Rural.

Managing director Daniel Sachs says Monta Vista Farming Company forms the beginning of a vertical strategy focused on the midstream of the almond supply chain.

The water-hungry crop’s high-value returns have attracted investors but California’s need to manage its water supplies presents a challenge, says agribusiness investment veteran Shankar Athreya.

A collection of five properties being sold by European family office THF comes with significant water allocations that could allow for a change in land use.

Water allocation prices in the Murray-Darling Basin have reduced following a wet 2020-21 season – and the next 12 months are likely to see more of the same.

Water allocation prices have fallen, although stability in high-security water entitlement prices suggests a maturing of that part of the market.

Roc Partners’ Premium Food Fund was one of three buyers, alongside Primewest and another local buyer, for Harvard University’s Western Rosella portfolio.

The North Carolina-headquartered firm surpassed its hard-cap to close its distinct credit vehicle at $325m and took approximately $115m in co-investments.

The firm has had an action-packed 12 months since its entry into ag with MIRA’s acquisition of Vitalharvest, the launch of its own dedicated ag fund and a merger with Centuria Capital Group.