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06 Oct 2019 PSP Investments acquires Australian agribusiness Webster in a deal valuing the company at $854 million
Canada’s Public Sector Pension Investment Board has made another move to deepen its presence in Australian agriculture, taking full ownership of the largest irrigated farmer in Australia.
GAI
03 Oct 2019 Canadian fund launches bid for Webster
Canadian fund manager PSP Investments, a public service pension fund, has put in an offer for Australia's Webster farms, including their water entitlements, that values the diversified agribusiness at $854 million
N Queensland Register
02 Oct 2019 Vermont allocates $125 million to two agriculture funds
The Vermont Pension Investment Committee has invested $100 million in the Nuveen Global Farmland Fund, which aims to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
PI Online
24 Sep 2019 Harvard was ‘freaking out’: How a $270 million Brazil bet tanked
Auditors wrote down the value of Harvard's Brazil farm project by about $200 million after the endowment decided to exit the development in 2017, according to documents filed in a lawsuit.
Bloomberg
23 Sep 2019 Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction
New investigation by Global Witness uncovers more than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn.
Global Witness
23 Sep 2019 Money to burn
Global Witness exposes how more than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
Global Witness
06 Sep 2019 Dutch ag pension to divest stake in ag investment fund Fagoed
BPL, the Dutch pension fund for the Netherland’s agricultural and green sectors, is planning to divest its stake in Fagoed, a €140 million fund invested in agricultural land.
GAI
12 Aug 2019 The great land robbery
The shameful story of how 1 million black families have been ripped from their farms. A war waged by deed of title has dispossessed 98 percent of black agricultural landowners in America.
The Atlantic
05 Jul 2019 Friends of the Earth groups and supporters file OECD complaint against ING for financing palm oil abuses
NGOs have filed a complaint at the OECD against the Dutch bank ING Group regarding its financing of oil palm companies involved in deforestation (Noble Group), land grabbing (Bolloré Group/Socfin) and child labor (Wilmar International).
Milieudefense
02 Jul 2019 Agriculture: Germ of an asset class
According to asset managers, a window is emerging for institutional money to flow into agriculture due to change of ownership, notably in markets such as Australia and the US.
IP&E
19 Apr 2019 Who owns the country? The secretive companies hoarding England's land
Multi-million pound corporations with complex structures have purchased the very ground we walk on – and we are only just beginning to discover the damage it is doing to Britain.
Guardian
02 Apr 2019 One of Africa’s most fertile lands is struggling to feed its own people
Little of the 5 million acres [2.02 million hectares] that Sudan's agriculture ministry estimates are in foreign hands—perhaps less than 1 in 20 acres—has been cultivated.
Bloomberg
28 Feb 2019 Norway’s wealth fund ditches 33 palm oil firms over deforestation
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
Reuters
26 Feb 2019 Ontario Teachers’ acquires one of the largest private apple orchard operations in the US in $288m deal
The Ontario Teachers’ Pension Plan has acquired Broetje Orchards, one of the largest privately-owned apple orchard operations in the U.S.
GAI
12 Feb 2019 The dormant breadbasket of the Asia-Pacific
The Russian government has actively supported foreign investment in Siberian agriculture, making 1 million hectares of arable land in the Far Eastern Federal District available to foreign buyers
The Diplomat
05 Feb 2019 The major players in agri-finance
According to the USDA, the following countries are home to the largest holders of US cropland: Canada, Germany, the UK and the Netherlands.
Successful Farming
05 Feb 2019 New Jersey State Investment Council commites $100 million to Homestead Capital's US farmland fund
New Jersey’s $70 billion public-employee pension manager, the New Jersey State Investment Council, has agreed to commit $100 million in Homestead Capital’s third farmland fund.
GAI
29 Jan 2019 Teachers’ Retirement System of Louisiana creates $100m separate account with AgIS
TRSL has also expanded another of its separate accounts held with Hancock Agricultural Investment Group by $25 million, focusing on farmland in the US and Australia.
GAI
18 Dec 2018 Foreign farmland investors in Brazil linked to 423,000 hectares of deforestation
Harvard University, the US pension fund manager TIAA/Nuveen and Japan's Mitsui are among the foreign companies buying up Brazilian farmlands that are responsible for over 420,000 ha of deforestation in the Cerrado since 2000.
CRR
14 Dec 2018 El acaparamiento de tierras perpetrado por los fondos de pensión debe terminar
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.
29 Nov 2018 Karan Beef cashes in on exponential growth in demand from China
South Africa's Karan family accepted a R5.2bn offer for its cattle feedlot from a South African pension fund over a R6bn offer from Chinese investors who wanted to export all of its meat
Bloomberg
21 Nov 2018 Australia: Have offshore players got the jump on local investors?
The BFB sale has raised concerns that even if local bidders are able to raise the cash required for these deals, they’re not able to compete with the vast resources and track records of international players.
The Land
14 Nov 2018 Foreign investor rules questioned in Riverina agribusiness sale
A group of Riverina farmers is demanding answers from the federal government over the sale of BFB, a large diversified agribusiness in Temora, which is being sold by a US private equity investor to a Canadian pension fund.
QCL
13 Nov 2018 L’accaparement des terres perpétré par les fonds de pension dans le monde doit cesser
Depuis une dizaine d’années, l’argent des fonds de pension alimente un énorme investissement dans les terres agricoles. Le nombre de fonds de pension investissant dans les terres agricoles et les sommes d’argent déployées à cette fin sont en augmentation, mais tout se fait discrètement.
GRAIN
13 Nov 2018 The global farmland grab by pension funds needs to stop
Money from pension funds has fuelled the financial sector's massive move into farmland investing over the past decade. The number of pension funds involved in farmland investment and the amount of money they are deploying into it is increasing, under the radar.
GRAIN
04 Nov 2018 Jaguar scheme opts for forestry and farmland
According to its latest investment report, the Jaguar Pension Plan placed $16.5m in an agriculture fund managed by Boston-based Folium Capital
Pensions Expert
17 Oct 2018 Landgrabbing, illicit finance and corporate crime: an update
GRAIN recently learned that several cases of land grabbing have been prosecuted in the courts, or been acted upon by national authorities, and so we have compiled a short update on these developments.
GRAIN
12 Oct 2018 IMF-WBG and landgrabbing: Funding rural peoples’ destitution
Despite all the hypocritical calls and posturing of the International Monetary Fund and the World Bank for ending hunger, they have facilitated, enabled, and led the global rush for landgrabs
PCFS
09 Oct 2018 How Harvard’s investments exacerbate global land and water conflicts
The elite university has quietly become one of the largest owners of farmland in the world, according to a new report by GRAIN, an international nonprofit supporting small farmers, and Brazil-based Rede Social de Justiça e Direitos Humanos
Grist
22 Sep 2018 International Farming Corporation raising $1.5B for US farmalnd fund
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