Canada’s PSP Investments, the largest institutional investor in Australian agriculture, has made its maiden investment in the poultry sector after spending about $180 million to acquire majority ownership of egg farm operator Ellerslie Free Range Farms.
Last year PSP struck one of the largest deals yet in Australia’s burgeoning macadamia industry after paying more than $100 million to buy most of the assets of family-owned,Costa family’s Yarrabee Park grain growing aggregation Between now and the 2029 financial year, the real value of Australian egg production is expected to fall slightly to $1.2 billion as lower real prices offset higher production costs, according to the latest forecasts from the Australian Bureau of Agricultural and Resource Economics and Sciences.
The Hall brothers – who retain a 40 per cent interest in Ellerslie through DHP Consolidated – were worth $137 million in 2014, according to theEllerslie also owns a 50 per cent interest in Sunny Queen, one of Australia’s largest egg processors and distributors, and the Yallamundi Farm organic eggs brand.
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