Corporate farmer buys top Yuna farm
- Farm Weekly
- 26 June 2021
An Australian company backed by Canada's Public Sector Pension Investment Board has purchased a grain farm in Yuna, Australia for about $30 million
An Australian company backed by Canada's Public Sector Pension Investment Board has purchased a grain farm in Yuna, Australia for about $30 million
PSP, one of Canada's largest pension investment managers, now adds a further 40,000 hectares to its large farmland holdings in New South Wales.
Report finds the Canadian based pension plan is not living up to its own environmental, social responsibility, and corporate governance principles, resulting in adverse impacts on Maui’s environment and residents.
Beston Global Food Company has sold its four dairy farms in South Australia to PSP Investment and Warakirri Asset Management-backed Aurora Dairies in a US$27.8 million cash deal
You’d be surprised to learn that the billion dollar barons of Australian farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund
Large institutional investors are pouring capital into global agricultural markets, and Australia has been a key target.
Daybreak Cropping, a partnership between Warakirri Asset Management and the Canadian Public Sector Pension Investment Board, paid $97 million for the 22,000 ha broadacre farm.
PSP Investments has been doubling down on capital commitments in Australia’s ag sector – and particularly in almonds and water recently.
A Canadian pension fund has bought a huge parcel of Australian permanent water rights for $490M to irrigate almond trees, in a move that puts the spotlight on foreign ownership of farms and water resources as drought ravages the country.
A century of ever-increasing farm size and land concentration is now leading Canada into a new era of speculation on farmland -- one where private companies not traditionally involved in agriculture are acquiring tracks of land.
Canada’s Public Sector Pension Investment Board has made another move to deepen its presence in Australian agriculture, taking full ownership of the largest irrigated farmer in Australia.
Canadian fund manager PSP Investments, a public service pension fund, has put in an offer for Australia's Webster farms, including their water entitlements, that values the diversified agribusiness at $854 million