Chris Janiec
Just days after purchasing a US animal nutrition maker, the agri major has bought a Brazilian cattle feed business. We find two reasons why Cargill's acquisitive spell may not be over yet.
The Minneapolis-headquartered agricultural giant positioned the investment as part of ongoing efforts to meet increasing consumer preference for 'natural and wholesome food.'
Industry players believe tight supplies may result in an increase in the price of wood products, though the impact will be felt differently across regions.
Gro Intelligence uses machine learning and vast amounts of data to aid agricultural decision-making in finance, government and the food and beverage industry.
The $40m pledge is thought to be the first commitment to a global timber and farmland vehicle by South Korean investors.
Founder Stephen Johnston told Agri Investor that the manager has also raised C$60m for a separate open-ended vehicle targeting institutional investors with a buy-and-lease strategy focused on Canadian farmland.
Having received a $3m debt investment from the UK institution, the US firm hopes to attract equity investors to the portfolio.
Following a pilot program, the AMERRA Capital Management affiliate will target impact investors for a vehicle it plans to raise in 2019.
The investment by an unnamed Canadian pension brings Fund IV’s total haul to C$130 million.
Paine Schwartz partner Angelos Dassios says Verisem will look to acquire peers as it seeks to fill a niche overlooked by breeders and distributors.