Soil

Partner Christina Ulardic says many of the firm’s existing investors returned to back the firm’s second flagship vehicle.

The research body has found that farms with 'high natural capital' are more profitable in financial terms than those with more intensive farming operations.

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.

QIC acquired Stuart’s Creek, a beef cattle property with established carbon sequestration properties, from Packhorse via its Queensland Natural Capital Fund.

‘There isn’t resistance out of principle’ from Australian superfunds to investing in agriculture, but barriers remain, says CEFC’s Heechung Sung.

The close represents the first stage of a planned initial fundraise of A$65m, which will be used to acquire a mixed farming aggregation and water entitlements in NSW’s Southern Riverina.

CEFC and CDPQ will establish Wilga Farming, an open-end platform with A$200m of capital to be managed by Gunn Agri Partners, as well as taking a stake in the asset manager itself.

The bank will make a commitment of A$10m to New Harvest’s Indigenous Impact Investment Fund, attracted by its potential to support sustainable Indigenous Australian business growth.

Hancock Agriculture will buy Ottley Station and Moolan Downs, with the purchaser of Packhorse’s other asset Stuart’s Creek yet to be finalized.

Christof Kutscher has stepped down from the role and Berg will move up from his position as chief investment officer for the firm’s nature based carbon strategy.