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Investors target distressed farmers
11 Aug 2008
Financially distressed rural properties at the top of the Murray Darling are being bought by insolvency specialist PPB Group in a $135 million spend that is being described as opportunistic. Returns from agriculture, which are now very attractive and have a good long term outlook as concerns grow over global food security said former Macquarie Bank chair and now PPB chairman said. PPB have launched a new investment vehicle, Australian Farms Investments focusing on $1.5 billion farms under financial stress.
The Australian Financial Review, 11/08/2008
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