The New Zealand Superannuation Fund, which has bought up 21 local dairy farms as part of its push into rural land investment, is looking outside the dairy sector for its next foray, eyeing land used for beef and permanent crops and expansion into Australia.
China’s investment in Australian agribusiness has tripled in just a year as China strives to meet rising demand for high-quality food among its growing middle class. Major agribusiness deals included acquisition of the S Kidman & Co cattle empire and acquisition of Tasmanian dairy giant Van Dieman’s Land.
A coalition of environmental, human rights and family farm organizations delivered a letter with over 100,000 signatures to pension fund management company TIAA, expressing concerns over the company’s investments in farmland and palm oil.
The ramifications of the land grab seven years ago, and the role of ANZ in financing the Phnom Penh Sugar (PPS) refinery, are still being felt today. Representative of victims are traveling to Melbourne to lobby ANZ's institutional investors for investigating their complaint against ANZ.
Now and into 2017 agribusiness is being promoted as the next big thing, with increasing market activity, resulting in land and asset values accelerating at a greater rate towards a peak as local and international demand increases.