For almost ten years, AP Pension has bought farms for DKK 700m (EUR 94m). Now, private equity fund Erhvervsinvest will take over the administration and ”develop” the portfolio.
For almost ten years, AP Pension has bought farms for DKK 700 million. Now the private equity fund Erhvervsinvest will take over the administration and "develop" the portfolio.
Launched during the pandemic in mid-2020, Veripath Farmland Partners has already amassed a total of 115,000 acres under management in Canada.
Cargill is selling its $48.8 million poultry farm and processing plant in Anhui province to DCP Capital, a Beijing-based private equity firm with Singapore's GIC and Temasek as investors, and the Canadian pension fund CDPQ
After ten years, the Ärzteversorgung Westfalen-Lippe (ÄVWL) has withdrawn from highly problematic land purchases in Brazil through is investments in TIAA-CREF Global Agriculture LLC.
Farmland purchases by the Harvard endowment contributed to a climate of anxiety, fear, and strain on Brazilian subsistence farmers.
- The Crimson
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17 April 2023
AP Pension’s agriculture investments more than doubled in net income, partly due to a higher land value. The pension firm has noticed an increased interest in land from other actors as well.
Banks, pension funds and insurers have been turning California's scarce water into enormous profits, leaving people with less to drink
Ontario Teachers’ Pension Plan has acquired a majority stake in Mitolo Family Farms-- Australia’s largest potato producer and owner of one of the country's largest horticultural land aggregations.
WSIB has allocated a total of $400 million into a separate account with UBS Farmland Investors and a Homestead Capital USA Farmland Fund IV.
We should be concerned about the financialized logic promoted by investors and mega-farmers, which seeks to extract monetary value from every square inch of farmland.
- The Conversation
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28 February 2023
One year into the war, a new report reveals how oligarchs and financial interests are expanding control over Ukraine’s agricultural land with help and financing from Western financial institutions.
- Oakland Institute
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21 February 2023
The real threat to our food security, according to researchers, is broader corporate ownership and consolidation of American farmland — including by domestic investors.
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.
- Property Tribune
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25 January 2023
The deal is the second $100 million-plus farming transaction involving offshore investors this year, highlighting the global appeal of prime Australian farmland.
Global agricultural investor Nuveen Natural Capital has joined a growing pool of institutional fund managers targeting Australia’s burgeoning macadamia sector, after buying one of the country’s largest orchards
A large Canadian pension fund which counts the Royal Canadian Mounted Police and defence force workers as members has acquired 35 vineyards in Australia from wine group Casella
We depend on land for food, shelter and work, it’s a cultural marker and a source of identity – but also a site of violence and anguish. It’s time for a reckoning.
- New Internationalist
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24 October 2022
Activist groups and nearly 300 pension plan clients accuse TIAA of “systematic land acquisitions and land management linked to deforestation, illegality and human rights violations, including in the Brazilian Cerrado.”
- ESG Clarity
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19 October 2022
Conversaciones con activistas de todo el mundo en mayo y junio de 2022, dejan en claro la necesidad de un movimiento político y social para sacar las pensiones de los mercados financieros, incluso para acaparar la tierra
Conversations held with activists from around the world in May and June webinars of 2022 make clear the need for a movement to take pensions out of financial markets - including land grabs!
The $3.4 billion pension fund of Sonoma County, California committed up to $125 million to Fiera Comox Global Agricultural Fund to complement its investment in UBS AgriVest Farmland Fund
- Pensions & Investments
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31 August 2022
Macquarie Asset Management is stepping up its investment in farmland, taking control of Cowal Agriculture, a cropping enterprise affiliated with US-based Global Endowment Management.
Voters will decide whether to create a new government entity to take back control of water held by one of Hawaii’s most powerful agribusiness corporations and a Canadian pension fund.
- Civil Beat
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01 August 2022
Canada's Blended Finance Project interviews Witness Radio and GRAIN about the role public development banks play in facilitating land grabs around the world.
The most effective means of countering corporate power is to restore control of the land and agricultural knowledge to the communities who live on and with the land.
- Agrarian Trust
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13 July 2022
Canada’s largest pension fund manager has acquired a 75 percent stake in HFE Berries Perú SAC – owner of 100 percent of the Olmos field farming operation which has a planted area of 397 hectares.
US pension fund manager TIAA provides an introduction to carbon markets for land-based investments in order to evaluate how carbon can be incorporated into land-based investment strategies.
The expansion of industrial agriculture in Brazil has been an international affair, linking pension funds, university endowments, and major financial actors across the world.
- Phenomenal World
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28 May 2022
Witness Radio surveyed some projects in Uganda funded by development banks and found agony, illegal evictions, abject poverty, environmental degradation, and loss of life among others.
- Witness Radio
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19 April 2022