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.