CPPIB to acquire farmland portfolio in Saskatchewan: Reuters
The Canada Pension Plan Investment Board said on Thursday it has agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million, reports Reuters. CPPIB said Assiniboia's diversified portfolio consists of about 115,000 acres of farmland that produce a variety of crops, including wheat, barley and canola. Last year, CPPIB launched its agriculture investment program which will initially focus on farmland opportunities in Canada, the United States, Australia, New Zealand and Brazil.
12 December 2013•1 min read
