Crops

Former AACo CEO Hugh Killen will lead the firm in Australia as founder Bert Glover shifts internally to oversee growth in the US.

Following protests over ag-related environmental policies in Australia, Spain, France and the Netherlands in recent years, German farmers came onto the streets this month in a reminder of how quickly political decisions can raise the ire of farmers.

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.