Grain Storage

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Canada's Public Sector Pension Investment Board (PSP Investments) has added to its Australian farming operations, buying the NSW cropping assets of mining and agribusiness giant, Glencore via its Daybreak Cropping venture.
Daybreak is the national broadacre cropping business formed in 2016 as a partnership between Australia’s Warakirri Asset Management and PSP, one of Canada’s largest pension investment managers.
The farming deal for comes as part of a decision by Glencore to withdraw from grain production to concentrate on grain handling and marketing in Australia.
The joint venture owner, Warakirri, is already one of Australia’s largest grain growers.
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Canada's Public Sector Pension Investment expands its Australian rural footprint

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A grain handling facility at Charam in Victoria’s West Wimmera region has been put up for sale and is expected to attract both local and offshore buyers.
Edenhope Storage is spread over 28.31 hectares and currently services around 80 growers in areas between Naracoorte, Casterton, Hamilton and Horsham. 
CBRE’s Phil Schell will steer the sale on behalf of joint owners the Holland family and Emerald Grain – an Australian grain trader.
“With south east Australia looking at a bumper crop year we expect the sale campaign to generate considerable interest from both local and offshore parties,” Schell said.
“A syndicate of farmers could look to acquire the property or it might be purchased by an investor with a view to striking a leasehold arrangement with growers or commodity traders.”
The property has road linkages to export terminals and domestic consumers in Victoria, South Australia and southern NSW.
Infrastructure includes 16 silos, two grain sheds, a smaller grain shed,  and two grain bunkers with expansion capabilities, providing a total storage capacity of nearly 90,000 tonnes.
It also includes a site office, weigh bridge, sample stand and machinery shed.
The property is for sale or lease through expressions of interest closing September 30. 
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Grain Storage

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