MyFarm looks to raise $10m for its kiwifruit fund

MyFarm's Colebrook orchard is outside of Edgecumbe in the Bay of Plenty. (Image: Supplied)

Wed, 24 Jul 2024

Primary sector investment manager MyFarm is looking to raise $10 million for its new kiwifruit orchard fund.Investors in its 11 kiwifruit partnerships last month voted to amalgamate them into one to form the new $190m fund. It now holds 13 Bay of Plenty and four Northland SunGold properties, plus shares in Zespri.With just over 155 canopy hectares planted in the variety, the properties produced more than two million fruit trays from a mix of developed and developing orchards during the 2024 season.Fourteen of its orchards are leased to third-pa...

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