Crops

Costa Group chairman Neil Chatfield said the deal is in the best interests of shareholders, despite Paine Schwartz having reduced its offer from A$1.6bn.

Schwartz says the genetics, breeding and licensing segment of the food and ag value chain is made up of ‘fundamentally important and good businesses’.

Paine Schwartz Partners has reduced its takeover bid for ASX-listed Costa Group to A$3.20 per share, down from a previous bid of A$3.50, after Costa lowered its forecast earnings for H2 2023.

Kilter Rural has used its initial capital raise to purchase several assets in the southern Riverina region of New South Wales, with a pipeline of further assets nearby.

The amount of Australian farmland in foreign hands fell by 10% in the year to June 30, 2022, according to the latest set of government figures.

Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.

Sunshine Farms Aggregation was a seed asset for the AAM Diversified Agriculture Fund, with AAM selling as it shifts focus to the north.

The acquisition of Jemalong continues the expansion of Lawson Grains’ portfolio, with co-investor AIMCo keen to continue building out its Australian farmland assets.

The deal means a partial realization of Paine Schwartz’s 2019 investment into Special New Fruit Licensing.

Aither’s annual Water Markets Report shows decline in the Aither Water Entitlement Index, a measure of entitlement values, for the first time in a decade.