Savills ranks Australia along with Brazil as the two most appealing countries in which to invest in farmland; and PrimeAg of Australia is looking to sell its assets in what could be a US$ 435 million deal. PrimeAg intends to sell more than a dozen properties across Australia from Liverpool Plains of New South Wales to central Queensland. Earlier in 2012, Prime Ag sold six properties to US-based fund manager TIAA-CREF for AU$ 36.7 million. Analysts believe that a foreign investor will be the likely purchaser; looking to secure future food supplies for an expanding population. Peter Corish, PrimeAg’s Chief Executive stated that he expects to get close to book value for the assets which is AU$1.58 per share.