Strategy
Agricultural investment offers multiple avenues for value growth including capital appreciation, land or asset development, operating profits, lease income, and the potential for supplementary income via development and integration of sustainability ventures including soil carbon farming, tree carbon farming, and renewable energy development.
Set against a backdrop of increasing land, food and water scarcity, institutional demand for high-quality long-life natural assets, a rising global middle class with higher disposable income and demand for quality, sustainable produce, and the impact of climate change on global agricultural land use and food production potential, PenAgri believes the burgeoning agricultural sector is poised for long-term, sustainable growth.
Western Australia in particular is an attractive destination for natural capital, underpinned by its vast agricultural land offerings coupled with quality infrastructure, a stable geopolitical environment, industry-leading practices, and comparatively undervalued assets – and this is where PenAgri has concentrated its focus. Owning and operating locally based assets allows the team to take a hands-on approach, and founders Greg Harvey and Peter Fogarty are well known figures in the Western Australian ag industry and possess a deep understanding of the local agricultural landscape.
Asset Selection
PenAgri draws on its extensive agricultural expertise and vast network to identify on and off-market land acquisition opportunities in the Western Australian agricultural sector that offer attractive scope for value growth. As an asset owner, developer and operator, PenAgri has successfully maximised value from its landholdings by targeting:
- High performing or undervalued assets;
- Land suitable for land use transition; or
- Land with scope to integrate with carbon farming or renewable energy developments to offer an additional source of income, maximise land use efficiency, and achieve its sustainability goals.
