By Lynda Kiernan-Stone, Global AgInvesting Media The Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva Foods have acquired the Australian Lamb Company (ALC) for AUD400 million (US$2523.3 million). SALIC originally agreed to acquire a 20 percent stake in Minerva in December 2015 for $188.4 million. This stake was later raised to 33.83 percent in […]
By Lynda Kiernan-Stone, Global AgInvesting Media Just like the evidence of rising atmospheric CO2 levels first reported in the 1950s, there is now increasing evidence that synthetic nitrogen is correlated to the degradation of farm soils. And as food demand increases, so does the use of synthetic nitrogen, degrading more soils and intensifying the threat […]
By Lynda Kiernan-Stone, Global AgInvesting Media Los Angeles-based private equity firm Pacific Avenue Capital Partners has acquired the sunflower and roasted snacks business of SunOpta in a $16 million deal. Based in Crookston, Minnesota, this business division is a leading integrated provider of sunflower seeds, chickpeas, and other nutritious snacks. Business-related assets acquired through this […]
By Lynda Kiernan-Stone, Global AgInvesting Media Australian global forestry and ag investment manager New Forests and its partners – British International Investment (BII), Norfund, and Finnfund – have agreed to launch a dedicated African fund – the African Forestry Impact Platform (AFIP) with subscription agreement commitments of $200 million. This official launch follows a prior […]
By Lynda Kiernan-Stone, Global AgInvesting Media Agtech startup AgriWebb understands that there’s a distinct difference between record keeping, and being a data-driven livestock business. On its path to becoming the number one livestock business management tool available, the startup announced an expansion to its Series B funding round, having secured an additional AUD$10 million (US$6.7 […]
By Lynda Kiernan-Stone, Global AgInvesting Media British Columbia-based Cascadia Seaweed is an innovative Canadian startup focused on kelp farming – an activity the company calls “the definition of regenerative aquaculture” – as it is renewable, uses no fresh water, fertilizers, pesticides, or arable land, and sources all required nutrients directly from the sea. Cascadia stated […]
By Lynda Kiernan-Stone, Global AgInvesting Media Manulife Investment Management (MIM) has acquired two permanent crop farming assets in Fresno, California, on behalf of investors, including a 500-acre almond, pistachio, and citrus orchard, and a second pistachio orchard of approximately 900 acres. These assets will be added to MIM’s existing portfolio of 400,000 acres of managed […]
By Lynda Kiernan-Stone, Global AgInvesting Media Cultiv8 Funds Management (Cultiv8) has partnered with global investment manager Findante for the launch of the Cutliv8 Agriculture and Food Technology Fund. With a target size in place of $100 million, the fund is launching with a cornerstone investment from Fidante parent company Challenger Limited as a foundation for […]
By Lynda Kiernan-Stone, Global AgInvesting Media Formed in partnership with Wyuna’s co-founder and CEO Steve Green, alternative investment firm GreenPoint Partners announced the establishment of Wyuna Regenerative Agriculture (Wyuna), an Australian regenerative farming platform looking to build a portfolio of 500,000 acres of grazing assets in the country. Founded in 2019 in New York by […]
By Lynda Kiernan-Stone, Global AgInvesting Media First, a little background information. It was back in 2020 when Land Bank, a South African state-owned agricultural lending bank, defaulted on payments on two bond programs with a combined value of US$2.62 billion (50 billion rand) at the time. In 2019, Land Bank carried a gross loan book of […]
By Lynda Kiernan-Stone, Global AgInvesting Media Soli Organic, the only soil-based indoor farming company in the U.S. growing USDA certified organic produce, has closed on nearly $125 million in Series D funding led by global investment group CDPQ. Leading European investment firm Movendo Capital B.V. also joined the round, which included follow-on investments from existing […]
By Lynda Kiernan-Stone, Global AgInvesting Media Consolidated Pastoral Company (CPC) acquired the 17,638-hectare Jimarndy aggregation in the Fitzroy region of Queensland for a record-setting A$48 million (US$30 million) after securing Foreign Investment Review Board (FIRB) approval. Managed by David Goodfellow, managing director at CBRE Agribusiness, along with CBRE’s Edward O’Dwyer, and assistance from Nutrien Harcourts […]
