PSP

Canada’s Public Sector Pension Investment Board (PSP Investments), the largest foreign institutional investor in Australian agriculture, has acquired more than 8,000 hectares of farmland in New South Wales from Duxton Farms for A$70m.

Canada's public worker pension fund manager PSP Investments has made a significant stride in Australia's agricultural sector by acquiring a majority stake in Ellerslie Free Range Farms, a leading egg producer, for $180 million.

Le régime de retraite des fonctionnaires fédéraux canadiens a acheté une ancienne plantation de canne à sucre à Maui. Mais des habitants et des militants écologistes protestent contre cette présence étrangère qui accapare l’eau de l’île pour faire pousser des agrumes.

Over the last three years, Australia’s agriculture and farmland have been in high demand for institutional investors in Canada searching for diversification and sustainability.

Financial players are moving aggressively to snatch up lands around the world with access to water for irrigation. Their strategy is to pump as much water as they can and as fast as they can into the production of crops that reap high prices in export markets.

Banks, pension funds and insurers have been turning California's scarce water into enormous profits, leaving people with less to drink

The undertaking will be carried out alongside PSP Investments’ local operating partners on more than 3 million hectares (7.4 million acres) of farmland and timberland.

PSP Investments, one of Canada's largest pension investment managers, to acquire high-quality European agricultural properties, starting with Citri&Co citrus orchards in Spain.

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.

When total foreign freehold and leasehold interests are combined China has the largest holding of 2.3pc, shadowed by the United Kingdom (2.2pc), the USA (0.8pc), Netherlands 0.7pc, and Canada with 0.6pc.

A joint venture between Australia's Warakirri Asset Management and Canada’s Public Sector Pension Investment Board has acquired a grain growing aggregation in Riverina, Australia for more than $55 million

Canadian fund pours $600 million into farming operation in Maui that threatens water supplies vital to Indigenous farmers