Crops

Real estate fund manager Centuria expects its open-end agriculture fund to become a A$1bn investment vehicle.

Water entitlement prices fell from all-time highs in February 2023 to near-A$0 in June, before recovering some ground, writes Aither's Ben Williams.

Data from Rural Bank, ANREV and Savills all pointed to farmland values growing less quickly in 2023, with interest rates and high inflation the main culprits.

Income growth remained negative for only the second time since the 2015 inception of the Australian Farmland Index, as lower commodity prices and climatic changes have an impact.

The developer’s latest acquisition in the Murray-Darling Basin includes a vineyard it wants to replace with almonds, and significant water entitlements.

A mixed bag for 2023 looks set to continue next year – but savvy investors are still finding success.

A Western Australian grain farm the size of Bahrain is already attracting attention from institutional investors, real estate agents say.

With a string of big deals in Australia and elsewhere, Canadian investors continued to flex their muscles and demonstrate their commitment to the asset class in 2023.

Gunn Agri Partners’ Wilga Farming platform, backed by CDPQ and the CEFC, has also made its first two investments since launching with a seed asset in June 2023.

Warakirri Asset Management has purchased the seventh and eighth assets for its Diversified Agriculture Fund in a A$22m sale-and-leaseback deal.