farmlandgrab.org | Print | Kinston firm looks to raise $1.5 billion for agriculture investments

Kinston firm looks to raise $1.5 billion for agriculture investments

WRAL | 7 February 2019

Kinston firm looks to raise $1.5 billion for agriculture investments

by Sydney Price

KINSTON — International Farming Corp., a Kinston-based agricultural investment company, has raised $404 million in a fund to invest in U.S. farmland.

According to the Form D filed earlier this week, the company must collect over $1 billion in addition to sell its entire offering of $1.5 billion

The company announced last year that the primary purpose of the fund is to buy and lease large-acreage US farmland to large-scale tenants.

International Farming has invested in agricultural technology companies in North America, South America and Eastern Europe.

Charles McNairy is the current CEO of International Farming, a company founded by his family in 1871. He was a Morehead Scholar and basketball player at UNC-Chapel Hill.

URL to Article

https://farmlandgrab.org/post/28736

Source

WRAL https://www.wraltechwire.com/2019/02/07/kinston-firm-looks-to-raise-1-5-billion-for-agriculture-investments/