Big money goes nuts for almond orchards and other farmland assets
Institutional capital is looking to invest in everything from cattle stations to almond orchards and timber plantations.
Institutional investors are buying everything from cattle stations to cropland.
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A wave of institutional and high-net-worth investor capital is pouring into Australian farmland on the back of rising commodity prices, the country’s reputation for premium clean, green produce and the strong returns agricultural assets delivered before and during the pandemic.
A bumper harvest – farm production is expected to hit a record $66 billion this financial year – after the end of the drought has highlighted significant opportunities available from investing in crops, livestock and horticulture, while other asset classes such as retail and offices face wider challenges.
Murray-Darling Basin communities to receive $34-million cash injection to aid water recovery
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The grants are designed to strengthen economies along the Murray River.
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Key points:
A budget of $34 million has been announced for round three of the Murray-Darling Basin Plan Economic Development Program
Grants between $50,000 and $1 million are on offer
Federal Water Minister Keith Pitt will spend the week touring impacted communities
Federal Minister for Water Keith Pitt said the grants would provide opportunities to develop projects in communities impacted by water recovery under the basin plan. This is about driving those regional economies, strengthening those regional economies, proving more local jobs into the future and, most importantly, to add some more diversification to those regional centres, he said.