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Insight Investment hires farmland boss
by Dylan Lobo on Oct 24, 2013 at 07:41
Insight Investment has backed its conviction in farmland by hiring a new head for the asset class.
David Beca (pictured) joins from HZ Farming Systems Uruguay, where he implemented pasture-based dairy production systems across the South American country and oversaw its dairy investments in Russia.
He has 30 years' experience in the sector spanning a broad spectrum of international agribusinesses and has hands-on experience as the owner of beef, sheep and dairy farms in Australia and New Zealand.
He will join Insight's seven-strong farmland team, reporting to head of farmland investments Martin Davies.
'We believe farmland is becoming an increasingly attractive asset class. The scale of investment into farmland is expected to double or even triple by the end of 2015 more than $50 billion,' Davies said.
Beca added: 'The development of an institutional market for farmland is the most significant development in the agricultural industry for a generation. The investment case for farmland is compelling.
'With its first fund, Insight has built a great reputation as an innovator and creator of value in farmland investments.'
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