Crops

Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.

Canadian pension fund PSP has agreed to acquire 100% of the shares in Webster, Australia’s largest walnut producer and a significant holder of water entitlements in the Murray-Darling Basin.

The end of an unlikely surge in Iranian imports of US soy highlights risk that investors face when policymakers use ag to pursue unrelated goals.

Westchester is selling its NSW Golden Triangle property, Grainfields, expected to fetch a price of more than A$8,000 per ha.

FarmWise’s autonomous robots are already being used by customers to carry out weeding and the company plans to use the Series A funds to add further farming capabilities.

ABARES forecasts that sharp falls in livestock production and summer crops will lead to farm production volume dropping by 15% next year, hitting lows not seen in more than a decade.

Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.

Managing partner Edward Isingoma says investors are more interested in Uganda’s burgeoning cannabis industry than the plant-based 'superfood', long viewed as having significant social impact potential for the developing world.

A market source says Terramera’s offerings create synergies that could open the door to a future combination with Ospraie Management’s main biologicals platform, Marrone Bio Innovations.

Agriculture Capital co-managing director Rob Hurlbut says adding frozen processing capacity will help the firm tap into growing global demand for blueberries.