Chuck Stanley
Continuing stress on the US farm sector is likely to push down rents and farmland values, but low interest rates mean an absolute collapse in values is unlikely.
The publicly traded REIT will use the financing to pay down debt and buy US farmland.
The company said its lack of scale in Brazil’s ethanol market drove the decision to sell off the production facilities and sugar plantation.
A glut of investors seeking exposure to timber has pushed up acquisition costs, according to Brookfield's Reid Carter, leading the asset manager to shift to a more opportunistic strategy.
Sustainable agri-focused JB Equity has hired Bor Boer to oversee the investment firm’s expansion efforts in Asia, Europe and Latin America.
The private equity fund is aimed at improving competitiveness for Colombian agribusiness in the international market.
Growers face a widening gap between farm costs and sales, as downward pressure on agri prices persists.
The fund currently has $182.2m in committed investments according to SEC filings.
The equity firm and the University of Edinburgh have created Roslin Technologies to invest in agtech university spin-outs.
The Savola Group-backed sugar refinery company will use the equity investment to remain competitive against state-owned companies.