INVESTMENT company Macquarie Group will buy large-scale grain properties in Australia and Brazil.
The properties will grow soy, corn, wheat, canola, barley, sorghum, pulses and cotton, with an eye to export markets.
The purchases will be made by Macquarie Agricultural Funds Management, launched recently by Macquarie's agriculture division.
Macquarie Agricultural Funds management division director Simon Aboud said the fund had put together a strong core team in both countries with hands-on farming experience, specifically in the grain and oilseed industries.
