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BrightFarms Building $10M Greenhouse in Ohio

  • BrightFarms Building $10M Greenhouse in Ohio

    March 23, 2017

    Greenhouse farming company BrightFarms announced it is investing $10 million for the construction of a 160,000-square-foot greenhouse 55 miles outside of Cincinnati, Ohio. The New York-based company is tapping into the farm-to-table consumer movement, and disrupting the U.S. fresh produce supply chain through the development, construction,

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  • Cool Planet Raises $19.3M in Series A

    March 23, 2017

    Biocarbon product developer Cool Planet announced it has raised $19.3 million in a Series A led by Agustin Coppel and North Bridge Venture Partners. Founded in 2009 in Colorado, Cool Planet began as a biofuel producer but is now developing and commercializing Cool Terra, an Engineered Biocarbon™ product that delivers a platform of solutio

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  • Conagra Brands Acquires Meat and Seed Snack Producer

    March 22, 2017

    Conagra Brands announced it has agreed to acquire Thanasi Foods, a protein-based snack manufacturer, and maker of Duke’s® meat snacks and BIGS Seeds, for an undisclosed amount. Duke’s® product line includes Duke's Smoked Shorty® Sausages and Duke's Steak & Brisket Strips – all made in small-batch hardwood smoked pairings of hi

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  • Phatisa Targets US$300M for Phatisa Food Fund II

    March 22, 2017

    Phatisa, a sector-focused African private equity firm with the mission of feeding and housing the continent, announced it is targeting US$300 million for Phatisa Food Fund II (PFF)– a successor to the firm’s African Agriculture Fund (AAF) which closed in 2013 at US$246 million. The new 10-year PFF, which will focus on investment opportu

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  • Monsanto Growth Ventures Leads Series A for Agtech Startup, FarmLead

    March 21, 2017

    Monsanto Growth Ventures (MGV) had led a $6.5 million Series A for Ottawa, Canada-based agtech startup, FarmLead. Others in the round include Avrio Ventures, the MaRS Innovation Accelerator Fund, and Serra Ventures. Founded in 2013, FarmLead has established an online cash grain marketplace, where through its platform, grain buyers and selle

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  • AgDevCo and CDC Invest $11.5M in Malawian Farming Group

    March 20, 2017

    UK-based, sub-Saharan-focused social impact investor AgDevCo and the UK’s development finance institution, CDC, announced an investment of US$11.5 million in Jacoma Estates – a Malawian farming company specializing in the production of macadamia nuts, chilies, and paprika. “Malawi is a high-quality macadamia nut producer. With invest

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  • A Tale of Two Craft Beer Markets

    March 20, 2017

    The U.S. craft beer market has grown by leaps and bounds, evidenced by the number of breweries rising from dozens in the 1980s to more than 5,000 as of 2016, according to stats cited in Fortune. While some reports suggest growth in the U.S. craft beer market may have plateaued, craft brewers hunting growth have set their sights on Asia for exp

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  • The Art of Tax-Free Farmland Transactions: Sponsored by Gladstone Land Company

    March 20, 2017

    by Jessica Donnel, Writer and Reporter at And NowUKnow MCLEAN, VA - By now, the produce industry might be pretty well acquainted with our friends at Gladstone Land Corporation, a real estate investment trust (REIT), but perhaps not with how the company works to benefit farmers. Namely, allowing farmers to sell a farm to the company in a

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  • EBRD Finances $100M for Louis Dreyfus Regional Expansion

    March 17, 2017

    The European Bank for Reconstruction and Development (EBRD) has agreed to provide $100 million to back the regional expansion of global agricultural commodity trader and processor, Louis Dreyfus Company. The facility will be earmarked to fund Louis Dreyfus’ capital needs in eight markets: Bulgaria, Egypt, Kazakhstan, Poland, Romania, Taji

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  • Irish Biotech Startup Raises Second Round to Scale-Up Insect Protein

    March 17, 2017

    Hexafly, an Irish biotech startup founded by three 26-year-old university friends – Alvan Hunt, John Lynam, and Patrick McGarvey - has secured a second round of funding totaling €1 million (US$1.07 million) to scale up their insect farming operation. In the beginning After two years of trials, the trio developed a scalable method of

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