A farmer-led cooperative whose members own rural properties up and down the east coast of Australia is raising $51 million from mining and energy players to fund a series of regenerative farming projects.
The effort, being led by Regen Farmers Mutual co-director Andrew Ward and former Grange Securities corporate finance director Rohan Clarke, will be split into two distinct parts with an initial $6 million sought by December to meet current demand and another $45 million to be raised before June.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com