Sunday, December 10, 2023

Major Canadian Pension Fund Going Large Into Australian Cattle Ranching

As of the last (2022) annual report AIMCo has $158 billion AUM.

From the ABC via Farmlandgrab, November 30:

Canadian investment firm buys nearly 3 million hectares of Kimberley cattle country in $300m deal

Some of Western Australia's most sought-after cattle country is set to move from Chinese to Canadian ownership in a newly struck deal.
 
The 2.9 million hectare aggregation made up of Yougawalla Pastoral Co and Argyle Cattle Co is set to be acquired by Alberta Investment Management Corporation (AIMCo) and New Agriculture for more than $300 million.
 
The land covers a significant chunk of cattle country in the Kimberley, in the state's far north, including prime access to water sources along the Fitzroy River catchment.
 
The agreement is subject to regulatory approvals and assessment by the Foreign Investment Review Board (FIRB).
 
AIMCo, through its Australian operation New Agriculture, already owns and operates one of Australia's largest corporate grain growers in Lawson Grains.
 
Ben Hawkins, AIMCo's executive managing director, said it's the first time the company has invested in the pastoral sector....
 
Also at Farmlandgrab, this time November 21: