Editor’s Note: AgFunderNews recently had the chance to speak with Gregg Halverson, President of Black Gold Farms. Halverson will be speaking at the Forbes Reinventing America: The AgTech Summit, taking place in Salinas, CA, July 8-9.
The Mosaic Company keeps getting bigger.
The Mosaic Company has announced it has acquired a fertilizer distribution business in Brazil and Paraguay for $350 million. Archer Daniels Midland Company previously owned the fertilizer business, and the purchase price assumed the delivery of $150 million in working capital at closing.
This week, bacteria are bringing in the big bucks.
On Monday, BioConsortia, a New Zealand-based and US-funded ag biotech company, announced it raised $15 million in a Series B.
Thanks to a recent $100 million investment, you might soon reduce CO2 by driving a car, and increase crop productivity by using a carbon-negative soil.
Cool Planet Energy Systems, a company producing green biofuels and ag-products, has raised $100 million in a Series D financing.
China’s largest grain trader China National Cereals, Oil and Foodstuffs Corp, or “COFCO,” and mainland private-equity firm Hopu Investment Management Co. have agreed to pay $1.5 billion for a majority of shares from the agribusiness sector of Noble Group Ltd., a Singaporean supplier of agricultural and energy products.
“It’s particularly rewarding to play a role in facilitating the sustainable recapture of high quality food nutrients so close to home,” said Brad Marchant, CEO of Enterra.
Forbes says we’re putting our money where our mouth is, and they’re right! We’re excited to share our story, and we owe a big thanks to Forbes’ food and tech writer, Danielle Gould.