Crops

Co-founder Ryan Lefers describes informal discussions with US government entities regarding potential equity support for its controlled-environment farming systems in water-scarce markets worldwide.

Hancock Agricultural Investment Group has sold Kalanga to Morella Agriculture for around A$80m.

Sandmount Farms, built by goFARM over several years and prepared for further development, is likely to sell for more than A$250m.

Demand will experience a shift to higher value and more sustainable products, as a levelling-off of the population limits overall demand.

The Australian fund manager describes the close as a ‘good result’ and expects to deploy all of the capital within the next few months.

AAM will develop the Keep Plains site and expand the Ord River Irrigation Scheme over the next several years.

International Farming Corporation recently acquired a Washington state grower, packer and shipper of apples, cherries and pears.

Annual farmland continues to strongly outperform permanent crops in the Australian Farmland Index, with strong commodity prices helping returns across the board.

The sale will achieve a net IRR of more than 15% for investors in Black River Agriculture Fund, and other co-investors.

ABARES has forecast a total agricultural gross production value of A$78bn as record-breaking yields, good crop quality and high commodity prices combine for a rare occasion.