US

Limoneira Company has announced the closing of the sale of its 3,537 acre lemon farm operation in Tulare County, California to PGIM Agricultural Investments, a business unit of PGIM Real Estate Finance, LLC.

With favourable global economic conditions, including current high commodity prices, and with Australia’s exchange rate at sub USD 0.70, big properties around Australia are changing hands with overseas investors buying in.

A push to ban foreign companies from owning farmland in the US state of Missouri is facing pushback from major industry groups.

Government says it will not give company a concession for an additional 10,000ha of land in Mondulkiri province, in accordance with a 2012 government decision.

The $5 million investment is the first in what Patricof Co. stated will be a broader farmland strategy that will ultimately include investments in four more US farms.

NFFC says that a new “land grab” is underway in the US, with Wall Street investors, pension funds, and other financiers looking for a safe place to park their money and turning to farmlands as their preferred investment.

Entretien avec Bâ Adama Moussa, le maire de Boghé, sur le projet « Boghé ville Agro-écologique » et le rôle de African Agriculture Inc

Grassley says young and beginning farmers are increasingly competing with institutional investors, such as pension funds and endowments, who are diversifying their financial portfolios with prime farmland.

Wisconsin Farmers Union says that it's very difficult to find out who owns the investment firms that have been acquiring farmland in the state.

Le contrat tripartite signé entre le gouvernement de Mauritanie, les coopératives agricoles des communautés de Boghé (regroupant plusieurs milliers de personnes) et la société African Agriculture, entreprise américaine, porte sur 2000 hectares en vue de la production de l’aliment de bétail.

Le Groupement d’intérêt économique-Dental Yaakaare Ndema e Ngaynaakaoghé, de Boghé, a discuté du Protocole d’accord dénommé « Développement d’un projet d’agriculture commerciale » signé le 16 décembre 2022 entre le GIE DYNN, African Agriculture Inc et le gouvernement de la Mauritanie.

Arizona’s attorney general has called for an investigation into a 2015 deal between the Saudi agribusiness company Fondomonte and the Arizona State Land Department for desert farmland west of Phoenix at one-sixth its market value.