New Zealand’s MyFarm Investments has launched a $20 million cherry orchard development scheme in Central Otago that has attracted approximately $11 million in investments from more than 50 investors. Founded in 1990, MyFarm Investments realized that although New Zealand farmland was a desirable investment asset able of generating healthy long-term returns, the barriers to investing […]
Australia’s largest listed crop handler GrainCorp has received an unsolicited cash takeover offer of A$2.38 billion ( US$1.8 billion) from Long Term Asset Partners Pty (LTAP). Newly formed LTAP is backed by Goldman Sachs Group, and has been launched as an asset manager for a trust benefiting Australian investors. It is headed by former president […]
Agrinova, a farmer consortium in the Riverina region of Australia, is asking the Australian government for answers after U.S. private equity group Proterra agreed to sell diversified farming business BFB Pty Ltd. to Public Sector Pension Investments (PSP), Canada’s largest superannuation fund for $200 million. Agrinova, who had reportedly bid $270 for the business, has […]
Global alcohol giant, Constellation Brands, the $42 billion name behind Corona and Modelo beers, made a game-changing announcement, stating that it is investing a further $4 billion in publicly traded Canadian marijuana grower Canopy Growth. Founded in 2013 and traded in Toronto under the ticker WEED, Canopy is the largest publicly traded cannabis company […]
Oklahoma-based Raptor Ag announced late last month that it successfully raised $25 million in capital from private equity, family offices, and individual investors to fund the acquisition and development of hazelnut orchards in Oregon, reports NewsOK. Listed as in existence on August 1, 2016 by CEO Chris Eubanks and his partner Jason Perkins, Raptor has […]
Des Moines, Iowa-based Crop Pro Insurance has announced the close of an $8 million Series A round of financing co-led by top agriculture investors Finistere Ventures and Seed 2 Growth Ventures (S2G). Established insurance provider GuideOne Insurance also joined the round. Crop Pro will use the investment to expand its team and speed the development of products and […]
In a deal valued at approximately $1.5B, Mexican industrial group Mexichem has agreed to buy an 80 percent stake in Israeli irrigation firm Netafim. Mexichem is acquiring the majority stake currently owned by private equity and buyout firm Permira, and smaller stakes from Israel’s Kibbutz Magal and Kibbutz Hatzerim, which will remain a minority shareholder. Mexichem is a petrochemical […]
Global fishing and aquaculture company Blumar is set to invest $150 million in salmon farming operations in the Magallanes region in the far south of Chile. Undercurrent News reports that the Blumar Board gave its approval at the end of May for the proposed Atlantic salmon farming project, which will include a processing plant and […]
Following a period of reorganization undertaken by Glencore to reduce its $30 billion debt load by $10 billion during which the company sold a 40 percent stake in its agriculture business to Canada’s largest pension fund, Canada Pension Plan Investment Board (CPPIB) for $2.5 billion, and then sold an additional 9.9 percent stake for a […]
Investment activity in India’s food and agri sectors has shown a significant slow-down this year, according to a report issued by News CorpVCCEdge, the financial research arm of News Corp VCCircle. To date in 2016, India’s food and agribusiness sectors have seen 62 private equity deals with a total value of $250 million – a […]
