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Map showing Australia fire risk index
Data analyzed by Digital Agriculture Services found that Queensland saw the most agricultural land affected by fire, but timber plantations in New South Wales and Victoria were also hit hard.
NSW Treasury said around 25 percent of Forestry Corporation of NSW’s softwood division had been damaged by the summer bushfires.
Private softwood plantations have also been affected by the Australian bushfire crisis, although the exact areas affected and the scale of the damage remain unknown.
The ACCC raised its strongest concerns over a bid by New Forests, which dropped out shortly afterwards, paving the way for the competition watchdog to approve Global Forest Partners’ bid.
The two managers’ offers for assets owned by Resource Management Service have raised concerns with the ACCC over a potential reduction in export services.
The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.
The Riverstone-backed wood pellets supplier has entered into its third joint venture with the life insurer as it looks to serve growing overseas demand.
The global investment and advisory firm is helping select a sales manager for assets that remain within the listed timber fund after shareholders voted to wind the company down in June.
Investors looking to integrate impact principles into their portfolios without foregoing performance ought to consider timber funds.
In a new report by Cambridge Associates and Global Impact Investment Network, impact funds delivered and 80% higher return than conventional funds through June of last year.
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