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Aussie-Canadian $55-million fund partnership

Aussie-Canadian $55-million fund partnership

Canadian Crown corporation invests in $55 million deal for Australian grain farmland.

By Andrew Joseph, Farms.com

Daybreak Cropping, a joint venture between Australian agricultural specialist Warakirri Asset Management and Canada’s Public Sector Pension Investment Board (PSP Investments), has acquired its eighth partnered investment—the Yarrabee Park grain growing aggregation in the New South Wales (NSW) Riverina, Australia in a deal valued at more than $55 million (AUS$60-million).

The Canadian Crown corporation PSP Investments manages over $204 billion of assets on behalf of the pension plans of the Canadian Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force.

The acquisition of the Yarrabee Park interest expands the Daybreak Cropping portfolio to over 85,000 hectares in Australia over eight large-scale aggregations in NSW, Queensland, Victoria, and Western Australia.

Some in the Australian commercial real estate market, point to this strong offshore appetite for Australian agricultural interests as an indictment of its own local investment funds.

The Australian ag sector is expecting a record harvest of some $75 billion (AUS$81-billion) owing to very good weather and bumper crop yields and the highest prices for Aussie ag produce in 32 years.

Yarrabee Park is one of southern Australia’s largest contiguous grain production assets situated on an 11,200-hectare property with 10,000 hectares of farmable lands producing 37,500 tonnes of grain and fodder annually. The property had been for sae since September of 2021.


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End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals

Video: End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals


No market-moving end-of-June USDA Acreage and quarterly stocks reports. U.S. corn crop conditions at 73% good-excellent has the trade talking above-average trendline yields at 183 – 190 bpa (2-5% above trend for 2025). Rumors that Trump in Iowa on Thursday evening could announce more trade deals on top of the Vietnam trade deal, but the whisper is that there might be a trade deal with China?
Sunday night's U.S. weather outlook ahead of the key U.S. corn pollination stage and trade deals could be market-moving for Monday’s trade after a long 3-day U.S. holiday.