Crops

A source close to the matter says potential buyers are likely to pick and choose the most valuable Quintis assets rather than buying the company outright.

Los Angeles-headquartered Agrovision describes assets in a region of Peru transformed by a recent irrigation project as the flagship within a network providing year-round access to premium berries.

Proceeds from the sale of the Sunshine Farms aggregation will support AAM’s strategy of diversification and a shift downstream in the supply chain.

The firm has entered into a JV with South Yorkshire Pension Authority, which has curated the 21,000-acre asset over the last 40 years.

Munich RE Group asset manager MEAG has built up a €500m farmland portfolio for the insurer through a disciplined upstream approach.

The ANREV Australian Farmland Index recorded its lowest annualized return to date as returns fell below zero for the first time.

The firm had wanted an olive oil business in its portfolio since 2017 but could never find an asset with the right combination of attributes until last year’s acquisition.

The company is a grower and packer of conventional and organic fresh produce such as potatoes, herbs and citrus fruits.

The value of horticultural production is projected to hit a new record in 2024-25, but the good news does not extend to wine production, according to ABARES data.