Corporate farmer buys top Yuna farm
by Mollie Tracey
Warakirri Cropping has expanded its Western Australian foothold with the purchase of a quality grain producing property Gurrady Farms at Yuna.
The property was owned by the Pawelski family who had been on the property for 59 years and in that time it developed a reputation for being a top producing farm for the area.
The sale was handled by the brothers and Nutrien Real Estate Bunbury sales specialists Ben and Daniel Lloyd-Smith.
Both the agents and buyer declined to comment on the price, but Mr Lloyd-Smith believed a record or near-record price for the region was achieved.
Warakirri to raise $500 million for new fund
by Mollie Tracey
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.
The Institutional Farmland Fund is an open-ended fund which aims to take advantage of the opportunities presented by the growing global demand for food and Australia s important part in the global food supply chain, the group said.
With a large and diverse portfolio of Australian agricultural land already, including assets in WA, New South Wales, Queensland, Victoria and South Australia in broadacre crops, horticulture, viticulture, nuts, poultry, dairy, water entitlements and agricultural infrastructure, Warakirri said this fund would be seeking larger, more concentrated institutional sized properties.
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