Daniel Kemp
PSP’s Australian cropping assets will no longer be managed by Warakirri Asset Management, although their partnership on Aurora Dairies will continue.
Asset sale by Soper Wheeler’s New Zealand Redwood Company is expected to attract domestic and international interest.
A government loan guarantee scheme is designed ‘not for corporates, but for family farms,’ offering first-time farm buyers up to A$1m to help with deposits.
Queensland was judged to be the state or territory with the most well-developed carbon farming framework, the CMI says, but all were ranked as ‘underdeveloped’ for fostering private investment.
The two foundation assets for the Warakirri Farmland Fruit are stone fruit orchards that will be leased to WF Montague under a 20-year agreement.
The market for Australian Carbon Credit Units has been thriving, but recent developments have thrust it into the spotlight – which may not be a bad thing.
With water an increasingly scarce resource in many places, using it efficiently has never been more important. Its effective use can help regenerate environments and lead to more productive agricultural systems.
An annual report published by the Foreign Investment Review Board showed that the amount of water in foreign hands increased marginally again.
Foreign farmland ownership in Australia was flat year-on-year, with Chinese entities still topping the list of foreign investors despite a fall in the amount of land they own.
The three assets – Vaucluse, One Tree and Racecourse – are expected to fetch more than A$400m for investors in Proterra’s Black River Agriculture Fund 2.