Corporate farmer buys top Yuna farm
- Farm Weekly
- 26 June 2021
An Australian company backed by Canada's Public Sector Pension Investment Board has purchased a grain farm in Yuna, Australia for about $30 million
An Australian company backed by Canada's Public Sector Pension Investment Board has purchased a grain farm in Yuna, Australia for about $30 million
SALIC owns a whopping aggregation in Western Australia, Merredin Farms, which produces grain and livestock over 211,000 hectares and grows around 120,000 tonnes of grain alone each year.
PSP, one of Canada's largest pension investment managers, now adds a further 40,000 hectares to its large farmland holdings in New South Wales.
Complex web of data reveals large swathes of country controlled by small number of billionaires and large companies
The newly merged entity in Victoria, Australia will include more than 500 hectares of orchards, water rights, two packing houses and additional land.
Australian farmland is an appealing asset class to Canadian-backed investment group, Warakirri Asset Management, with the firm having launched a new fund which expects to raise $500 million.
An unnamed European pension fund has become the cornerstone investor in the just-launched, close-ended Warakirri Farmland Fund, which aims to raise up to €320m in equity.
Saudi Arabia’s state grain buyer SAGO said it has agreed to import 355,000 tonnes of wheat from Saudi Arabian-owned farms in Australia, Canada and Ukraine for delivery from May to December 2021.
An Australian family, backed by one of South Africa's richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.
Bullish returns from farmland investments are likely to falter in 2021 because of Australia's increasingly prickly trade relationship with our huge agricultural export customer, China.
Foreign ownership of farmland in some states has surged to as high as 25 per cent as China maintains its position as Australia's most powerful foreign investor.
Macquarie Group's $300 million takeover bid for a real estate investment trust, which owns vast farms across Australia, could pave the way for more farming deals involving the investment banking powerhouse and the fresh food giant Costa Group.
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