AAM Investment Group to raise $60m for agricultural trust fund

AAM Investment Group is seeking $60 million from sophisticated and institutional investors for an agricultural trust fund.

AAM Investment Group is seeking $60 million in funding to invest in beef, lamb, poultry and cropping production. Picture: Zoe Phillips

SPECIALIST agricultural investment firm AAM Investment Group is seeking $60 million to buy a diversified portfolio of poultry, beef, lamb and cropping assets.

The AAM Diversified Agriculture Fund hopes to provide annual returns of 12 per cent to investors.

The trust fund is open to sophisticated, institutional, wholesale and professional investors.

AAMIG said the fund’s core strategy was “the development of sustainable, integrated operations within the key animal protein sectors of chicken, beef and lamb”.

It also included buying grazing and irrigated farms and water licences.

AAMIG founder and managing director Garry Edwards said the fund had been set up to take advantage of greater global demand for high-value protein, capitalising on the efficiency of large-scale farming operations in Australia.

“The AAM Diversified Agriculture Fund is designed to leverage off the global buy-in into the agriculture sector, driven by the rising middle class in Asia, changes to global diets with increased animal protein consumption, the increasing population and the domestic and global expectation of enhanced food security,” Mr Edwards said.

“Given global uncertainty, very low interest rates and other asset classes at historical highs, we believe that the returns offered by agriculture are compelling.”

AAMIG has already launched three other agricultural funds in the past.