Greenhouse farming company BrightFarms announced it is investing $10 million for the construction of a 160,000-square-foot greenhouse 55 miles outside of Cincinnati, Ohio. The New York-based company is tapping into the farm-to-table consumer movement, and disrupting the U.S. fresh produce supply chain through the development, construction, and operation of state-of-the-art commercially scaleable greenhouses that can […]
Global investment group KKR announced it has made an undisclosed investment through its China Growth Fund in China-based pet food giant, Gambol Pet Group. Though the backing gained from KKR, Gambol is planning on expanding the company’s production capacity in its key markets – China, Thailand, the EU, and the U.S, where the company is […]
Hong Kong-based leading manufacturer and distributor of plant-based foods and beverages, Vitasoy, and Universal Robina Corp., the largest listed food company in the Philippines, announced that they are launching Vitasoy-URC Inc. – a 50/50 joint venture to explore the potential of sustainable plant-based beverages on the Philippine market. Founded in 1940 by Dr. Kwee-seong Lo, […]
GreenSpace Brands announced it has agreed to acquire Canadian organic juice company, Nothing But Nature, for a total consideration of between $8.88 and $9.88 million. Founded in Ontario in 2005, Nothing But Nature is owner of the Kiju Juice brand, and is a distributor and seller of a range of organic juices throughout the Canadian […]
Farmobile, a farm data company, is taking strategic steps toward an expansion in the United States and internationally in 2017. A recent partnership with farm equipment manufacturer AGCO Corp bookmarked by visits to both the debt and equity capital markets will help to facilitate that growth. The Overland Park, Kansas-based startup’s chief product, the passive […]
Farmers in 2016 suffered a major blow to their bottom line, pressured by everything from persistently low commodity prices to a stronger dollar. Farmer incomes in 2016 fell by double-digits, marking the third straight year of declines, according to the United States Department of Agriculture (USDA). Net farm income is forecast to revisit 2009 lows, […]
In a few short weeks Fidel Castro’s death and the ascension of Donald Trump to the U.S. presidency brought the relationship between the U.S. and Cuba back into the spotlight, throwing a curve ball to U.S. businesses seeking to gain a foothold in Cuba’s agriculture production. With a single tweet made on Nov. 28, a […]
Japan’s Sumitomo Corp. has agreed to acquire Dublin-based Fyffes Plc, one of the world’s top fruit distributors, through its wholly owned subsidiary, Swordus Ireland Holding Limited, for €751 million (US$794 million) in cash. Fyffes is the top banana importer in the EU, however, it also markets pineapples, mushrooms, and melons, and is the top importer […]
Leading Australia Investment Manager Queensland Investment Corporation (QIC) has wasted no time making its presence felt in the agricultural sector with its recent landmark acquisition of an 80 percent stake in one of Australia’s oldest and largest agricultural enterprises, North Australian Pastoral Company (NAP), a transaction estimated to be in the vicinity of A$300 million. […]
LONDON, 7 November 2016– It’s no wonder institutional investors are keen on agricultural opportunities in Australia with its combination of low geopolitical risk, innovative R&D and available scale. At the annual Global AgInvesting (GAI) Europe, 5-7 December 2016 at The Landmark London, leading investment strategists from Hancock Agricultural Investment Group (HAIG), Milltrust Agricultural Investments Ltd. […]
