Hewitt Cattle Australia, a joint partner of Canadian pension fund – Public Sector Pension Investment Board (PSP Investments), has listed its Mt. Cooper aggregation in Northern Queensland for sale.
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
US pension fund manager TIAA-CREF has secured $1.4bn for its second agriculture fund from three unnamed investors, according to a document filed with the SEC.
Key areas of investment interest from pension and sovereign wealth funds in UK, Middle East, Europe and the US include agriculture land in Australia, South and North America, and throughout Europe.
- Financial Standard
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28 September 2009
Jose Minaya of TIAA-CREF talks about growing investor interest in farmland and the role of farmland in the pension fund's investment strategy.
- Bloomberg
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14 February 2012
Resolution by Cornell's University Assembly also calls on its main pension fund supplier to divest from agribusiness companies associated with deforestation, indigenous rights violations, and severe climate impacts.
- Cornell Daily Sun
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21 Mar 2021
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.
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
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
The new Luxembourg-registered Sustainable Resources Fund boasts anticipated potential returns of at least 15% per annum on forestry, agriculture, biomass and land.
Black River Asset Management, owned by food giant Cargill, is targeting $400m for its 2nd ag-focused investment fund. So far, the bulk of the financing has come from a US teachers' pension fund.
A delegation of peasants from Niassa recently travelled to The Netherlands and met lawmakers, students and investors in the Chikweti plantations, including the Dutch national pension fund ABP, the biggest investor in the project.
- Water Channel
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01 October 2012
As PrimeAg Australia's $125 million sale of rural properties to US fund manager TIAA-CREF goes through, the question now being raised by investors is what will happen to the residual portfolio.
- The Land
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18 February 2013
Listed Singaporean company QAF, formerly known as Bunge, has sold out its last dairy farm in Australia to the European pension fund-backed ACE Farming for close to $5 million.
European pension fund-backed ACE Farming has quietly snapped up a dairy farm near Yarram, in South Gippsland, primed for development opportunity for about $8 million.
- Queensland Country Life
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23 November 2015
Danish pension fund explains its approach to farmland investment in this report.
The $128 billion Washington State Investment Board is considering investing up to $250 million in the IFC Core Farmland Fund – an open-ended vehicle focused on investing in U.S. farming operations
The Teachers’ Retirement System of Louisiana has approved a $50m commitment to PGIM’s US agriculture fund.
Norway’s US$710bn sovereign investment fund has pulled its investment from 23 Southeast Asian palm oil companies, claiming that they source palm oil unsustainably.
- Food Navigator
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12 Mar 2013
Sweden’s SEK227.3bn (€26.7bn) state buffer fund Andra AP-fonden (AP2) has been accused of a lack of transparency and snapping up cheap agricultural land in Brazil by campaign group Swedwatch. AP2 denies the allegations.
- Responsible Investor
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22 April 2013
Norway’s US$1 trillion sovereign wealth fund, the world’s largest, has pulled out of more than 33 palm oil companies over deforestation risks over the last seven years
A New York company managing the retirement savings of workers in Sweden, the US and Canada is evading Brazilian laws on foreign investment to acquire farmlands from a businessman accused of violently displacing local communities.
Some of the world's largest pension funds bet big on Brazilian farmland. Communities, and the climate, are paying the price
Global fund managers and some of the world's largest pension funds have bought more than $1.5 billion of agricultural land in Australia over the past three years.
- Stock Journal
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18 November 2013
European pension funds are investing in global farmland, with a focus on emerging markets. If political problems arise, “You'll have the World Bank on your side,” SilverStreet's chief investment officer said.
- Pensions & Investments
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19 April 2010
A poorly performing bonds environment has led AP Pension to set up its own special agricultural investment fund and buy its first farm.
DanChurchAid, CARE Denmark and MS calls for more transparency of pension investments in African agriculture.
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.
Carbon credits and net-zero pledges are fuelling a new round of farmland buying by billionaires and pension funds that will undermine real climate action.
La magnitud de este fenómeno de apropiación de tierras agrícolas por parte de las financieras tiene importantes consecuencias tanto para las comunidades rurales como para los sistemas alimentarios.