Black River Asset Management, owned by food giant Cargill, is targeting $400m for its 2nd ag-focused investment fund. So far, the bulk of the financing has come from a US teachers' pension fund.
Farmland has become the darling of alternative investing, sending hedge funds and wealthy investors into bidding wars for plots of land once deemed ordinary. And it is not just big money getting in on the game. From Stockholm to Chicago to Vancouver, ordinary investor money is pouring into fields around the world.
Wisconsin state legislators have blocked an effort by Gov. Scott Walker to lift the state's long-time limits on foreign ownership of farmland.
Sweden’s SEK227.3bn (€26.7bn) state buffer fund Andra AP-fonden (AP2) has been accused of a lack of transparency and snapping up cheap agricultural land in Brazil by campaign group Swedwatch. AP2 denies the allegations.
A new Swedwatch report shows a lack of transparency and inadequate auditing of ethics and environmental impacts in AP2’s investment in farmland in Brazil. For business reasons, the investment is surrounded by a high level of secrecy, which makes scrutiny from the outside impossible.
In November, an investment unit of the big Swiss bank UBS bought 9,800 acres of Wisconsin farmland for $68 million
Major asset managers, cowed by the cost, the risk and the controversy involved in investing in farmland, are joining forces to increase investment in the historically under-capitalised sector.
As PrimeAg Australia's $125 million sale of rural properties to US fund manager TIAA-CREF goes through, the question now being raised by investors is what will happen to the residual portfolio.
PrimeAg Australia has agreed to sell 60 per cent of its land and water portfolio to US financial services organisation TIAA-CREF for up to $126 million.
L’UPA insiste sur la nécessité du gouvernement de « bouger dans le dossier » de l’accaparement des terres par les spéculateurs. « Sinon, les terres agricoles vont devenir la propriété de ces fonds-là », ce qui tirera vers le haut le prix des produits agricoles et alimentaires
Retirement fund and financial services firm TIAA-CREF is helping to meet the growing institutional demand for sustainably managed farmland, which can deliver stable returns above inflation.
A Swedish pension fund has become the latest of a series of purchasers of Australian farmland, a buying spree which has fuelled public concerns, and raised discussion over curbs on foreign ownership.
