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The firm has made its third investment from its $893m Fund IV, and will help Australian company AgBiTech grow in the US.
The company is already working on a project with 1,700 smallholders in southern Malawi.
The producer of space-tech agri products expects to gain listing on a senior exchange in 2016.
Michael Christodolou replaces Dean Jernigan on the REIT's board of directors.
The $32m deal widens the REIT's crop and geography exposure.
The Chinese drone maker is using new capital to move into sophisticated agricultural drone technology, and plans to open a new research facility in Silicon Valley.
Macri's pro-market rhetoric is drawing interest in the country's fertile agri sector, but cash could be slow to follow.
The private equity firm moves into agriculture, while keeping its wider focus on data and technology.
Blue Road will also seek co-investment capital before its target closing date in March 2016. The fund's first investment was the National Pecan Company.
Tractor and wheat, UK farmland
The Swedish investment firm sells farming company Rolnyvik but holds on to agri investments in Russia.
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