Investment Made in SK Farmland
Thu Dec 12, 2013 11:08 AM CST

OMAHA (DTN) -- The Canada Pension Plan Investment Board (CPPIB) announced Thursday in a press release that it has signed an agreement to acquire the assets of Assiniboia Farmland LP, a fund that owns and manages a portfolio of farmland in Saskatchewan. CPPIB's equity investment will be up to $128 million, pending final adjustments. The transaction is expected to close in January.

Created in 2005, Assiniboia's diversified portfolio consists of approximately 115,000 acres of farmland, representing one of the largest investable farmland portfolios in Canada. The key crops produced by the portfolio are wheat, barley and canola. The existing management ...

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