Giant US investment fund TIAA-CREF expects Australia's ageing farmers and a lack of sons and daughters willing to inherit their farms will lead to large numbers of properties hitting the market over the coming decade.
Foreign investors own 10% of Australia's agricultural land. But that could soon rise thanks to two huge projects being developed in Northern Territory's Top End with the help of foreign investors.
The US sovereign wealth fund has approved a $200m allocation to TIAA-CREF’s Global Agriculture II fund, its first major commitment to the sector.
It takes a gallon of water to produce one almond. And that's not the most insane fact about the mad dash to plant the thirsty trees in the middle of a catastrophic drought in California.
Davies will be responsible for managing the European platform for Westchester, a TIAA-CREF majority-owned global agricultural asset manager, as well as building the firm’s direct farmland investment business in Europe.
Gobiernos y empresas han acaparado en los países en desarrollo un área mayor que México
Swedish pension fund AP Fonden 2 has invested $750 million to TIAA-CREF Global Agriculture II, confirming rumours that the pension was one of three foreign investors contributing to the vehicle’s $1.4 billion fundraise.
US pension fund manager TIAA-CREF, under pressure to put cash to work after having raised $2bn for TIAA-CREF Global Agriculture, agreed to purchase 12,528 ha of farmland in Florida.
A US pension fund investor that flies under the radar has continued its spending spree on quality agricultural land in WA with the purchase of two farms in Grass Patch for about $9 million.
One industry leader estimates that $10 billion in institutional capital is looking for access to US farmland, but that number could easily rise as investors seek to ride out uncertain financial times by placing their money in the perceived safety of agriculture.
Pension funds try to adopt a sustainability perspective when investing in farmland abroad, but there is not much consensus on what it means and how to measure it.
This year could see a surge in interest in farmland from investors with very little experience in this complicated asset class, reports Euromoney
