Global AgInvesting

California Almond Crop Estimates and USDA Farm to School Grants 'California growers are expected to harvest 2.8 billion meat pounds of almonds this year, according to the USDA’s National Ag Statistics Service. The 2024 California Almond report says that crop estimate is 13% higher than last year’s crop of 2.47 pounds but down 7% from the May forecast.' https://hubs.li/Q02J3s1w0

ICYMI: Algeria Lands $455 Million Deal With Italy’s BF for Regenerative Ag Development In what Bonifiche Ferraresi (BF) has dubbed “the most important Italian agro-industrial project on the Southern shore of the Mediterranean,” the nation of Algeria and BF have partnered for a $455 million agriculture initiative. https://hubs.li/Q02J3qFH0

Pencils made from coffee grounds 'Utilizing discarded coffee grounds, this pencil shows that food waste can be turned into something useful and beautiful. Called Grind Z, these coffee leads can be used by themselves or in a mechanical pencil, and supposedly smell great while writing or drawing.' https://hubs.li/Q02HXwT20

GrowUp Farms Secures £38 Million From Generate Capital for Vertically Farmed Leafy Green Production GrowUp, a London-based vertical farm startup, has secured a £38 million (US$49.1 million) investment from Generate, a San Francisco-headquartered sustainable infrastructure platform, to produce locally grown, pesticide-free greens. https://hubs.li/Q02HXByF0

Mozambican Farmers Gear Up for Planting Season with Timely $2 Million Fertilizer Financing Boost 'This project, dubbed Fertilizer Financing for Sustainable Agriculture Management in Mozambique, aims to boost access to fertilizer for 300,000 smallholder farmers and increase their productivity and wealth, over the next three years. AFAP will leverage the Mechanism’s $2 million partial trade credit guarantee to provide guarantees to 5 fertilizer suppliers for the delivery, on credit, of 60,000 tons of fertilizer to smallholder farmers, through 30 hub agro-dealers, and 125 retail agro-dealers. This collaboration will reduce the risks that suppliers face delivering fertilizers in Tete, Manica, Nampula, Zambezia, Sofala and Gaza provinces.' https://hubs.li/Q02HPrfn0

LAWD Oversees Sale of Queensland’s Flagship Moorabinda Beef Production Property LAWD, a Melbourne, Victoria, Australia-based real estate firm that specializes in the agriculture industry, is overseeing the sale of Moorabinda, one translation of which is “foot of the hill” and which it describes as the “jewel in the crown of Queensland’s finest beef production region.” https://hubs.li/Q02HNrxD0

Massachusetts is Investing in Alternative Proteins '“Massachusetts recognises the economic benefits of this sector, the enormous job creation potential, the climate benefits, and the ability for alternative proteins to help tackle food insecurity and a slew of individual and public health issues,” notes Noa Dalzell, state policy director at non-profit Food Solutions Action. “The state has historically been at the forefront of emerging technologies and innovation, and this alternative protein investment signals it will continue to lead on the most critical new innovations in sustainability,” she says.' https://hubs.li/Q02HD4lf0

Japan’s SMTB Builds on Local Trend to Back Aussie’s Laguna Bay Fund 2 Building on a trend set in motion by the Development Bank of Japan Inc. (DBJ), Sumitomo Mitsui Trust Bank (SMTB) has committed to invest in Laguna Bay Fund 2, overseen by Brisbane, Australia-based Laguna Bay Group. Tokyo’s SMTB has signed on as an impact equity investor as part of a broader strategy in which it has been supporting solutions to social problems for the past two years. https://hubs.li/Q02HCm350

ICYMI: BTG Pactual Timberland Investment Group Executes Largest Known Carbon Credit Transaction To-Date with Microsoft BTG Pactual Timberland Investment Group (TIG) has announced a groundbreaking carbon offset credit transaction through which it will provide up to 8 million nature-based carbon removal credits to Microsoft through 2043. Recognized as the largest known carbon dioxide removal credit deal to-date by MSCI Carbon Markets, the credits will be delivered from the BTG Pactual Timberland Investment Group’s $1 billion reforestation and restoration strategy in Latin America. https://hubs.li/Q02HqjTZ0

ICYMI: IDeA Agro Fund Completes Investment Cycle With Sicilian Citrus Fruit Deal IDeA Agro, managed by DeA Capital Alternative Funds SGR and the first private equity fund in Italy to focus on agribusiness and farmland, has completed its investment cycle with its tenth investment – the acquisition of a majority stake in S.P.O. Zentrum, the Sicily-based leading platform in Italy for the production, packaging, and distribution of fresh fruits and vegetables with a concentration on citrus fruits. https://hubs.li/Q02HdBGN0