Funds Management News

Super fund urges sustainable food investing

Posted by Anton Murray Consulting on . Posted in Funds Management News


Investors will have to consider their ability to influence the long-term sustainability of food supply chains, according to First State Super’s chief investment officer Damian Graham. Speaking in Sydney, Mr Graham said issues relating to production, utilisation and wastage would become increasingly critical as global food demand is predicted to grow by more than 10 per cent each decade during the next 30 years. First State Super has around $1 billion invested in the agriculture sector, but this could grow substantially once it completes its potential merger with VicSuper.

The pair would create Australia’s second largest super fund, managing $120 billion in members’ savings. Some of First State Super’s more recent investments it listed include the sale and leaseback of land for almond production along the Murray River and the ownership of facilities to support poultry production on a rent by area basis. However, there have been concerns there will not be enough water come summer for the boom of almond farms along the Murray-Darling basin.

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