Organic Farming

The credit vehicle has been backed by more than a dozen LPs, including the Rockefeller Foundation.

The sale represents Cibus Capital’s first exit of a wholly owned portfolio company from the $322m Cibus Fund I.

The firm has added the leafy greens business to its portfolio of companies which includes permanent crops businesses and an irrigation solutions provider.

Co-founders Ellie Rubenstein and Ross Iverson discuss the added value role the firm plays for LPs and why they receive queries about their portfolio companies as soon as they close a deal.

The firm intends to transition the whole farm to organic certified production and will use regenerative practices such as planting cover crops between tree rows.

As the sector grows, organic agriculture is facing a string of possibilities and challenges.

The separate account’s buy-and-lease strategy was trialed by the GP in 2019 and involves a flex lease arrangement that is conducive to organic farming.

The deal will see New Forests and AIMCo continue their 10-year partnership and add more than 90,000ha to their Australian farmland portfolio.

At least five parties have reportedly expressed interest in assets that include a soybean processing facility, an ancient grains unit and storage facilities devoted to organic and non-GMO supply.

The bloc’s farm-to-fork strategy includes strong environmental targets, but simply creating organic supply will not be enough to sustainably reconfigure its food supply chain.