by Lynda Kiernan New Zealand Cherry Corp., the operator of the country’s largest netted cherry orchard at 32 hectares (79 acres), announced it is undertaking a significant investment at its Cromwell site. The company, which harvests up to 800 tons of cherries annually and exports to 10 countries, announced it has acquired a 244 hectare […]
by Lynda Kiernan Gladstone Land has announced its second deal in a week’s time (and fourth for the year) that brings the investor into a new U.S. region and adds a new permanent crop to its portfolio. The company paid $9.2 million to acquire 542 acres of farmland in Yolo County, California, that includes 482 […]
by Lynda Kiernan Mission-driven Hart Dairy, the largest single-source producer of 100 percent free-range and grass-fed milk in North America, announced it has secured $10 million in Seed funding through a round led by Sydney-based Alium Capital. Located in Augustus, Georgia, with more than 4,000 acres of high-quality farmland, Hart Dairy runs more than 3,500 […]
by Lynda Kiernan Consolidated Pastoral Company (CPC) continues its divestment strategy, announcing the sale and lease-back of its Manbulloo Station located in the Northern Territory through a deal reported to be valued at more than A$25 million (US$17.4 million). The buyers are said to be a collection of domestic and foreign investors. Held by UK […]
by Lynda Kiernan UK-based social impact and sub-Saharan-focused investor AgDevCo has announced its first investment in Kenya. In partnership with Root Capital, AgDevCo is investing $5 million in a market-leading consortium of macadamia processors and exporters. The consortium consists of Sagana Nuts, The Village Nut, Jumbo Nut, and the largest processor of the group, Afrimac […]
by Lynda Kiernan Gladstone Land has made its second permanent cropping acquisition in three months, announcing its agreement to buy two Michigan farms totaling 516 acres for approximately $7.8 million. The two farms bring a combined total of 383 acres of blueberry bushes, and six acres of cranberry bogs, including farm-related assets of two blueberry […]
By Lynda Kiernan Filipino private equity group Aboitiz Equity Ventures (AEV) has acquired the remaining 25 percent stake in Gold Coin Management Holdings, the largest privately owned agribusiness in Asia for $120 million. AEV states that the deal, which was carried out through its wholly owned, food-focused subsidiary Pilmico International, aligned with its […]
By Lynda Kiernan Malaysia’s state-owned Sarawak Economic Development Corporation (SEDC) has acquired Carmor Plains – a 41,500 hectare cattle station located in the Northern Territory of Australia, from the Kelman family for $20 million. It is reported that the SEDC will also export 2,500 head of buffalo include in the sale. The previous owners […]
Despite signaling its retreat from farmland investing in 2017, the Canada Pension Plan Investment Board (CPPIB) has not retreated from food, investing C$200 million (US$148.9 million) for a 7.1 percent stake in specialty food company Premium Brands Holdings Corp. Founded in 1917 and headquartered in Richmond, British Columbia, Premium Brands controls a range of specialty […]
Japanese global conglomerate Mitsui & Co. has reached an agreement to acquire 35.1 percent in Vietnam-based Minh Phu, the largest shrimp integrator in the world, for $150 million. Accounting for approximately 20 percent of Vietnam’s shrimp exports, Minh Phu is a fully integrated business, operating shrimp farms and two processing plants across 900 hectares (2,224 […]
