Fairfax IS is seeking to roll out a new agricultural fund in July this year, FundWeb reports. The U.S. Optimum Agri Co fund will be backed by physical farming assets in the U.S.

The new portfolio will acquire and operate farmland in the U.S. Delta region through a seed portfolio comprising of three farms. It also aims to set up a management team responsible for overseeing soft-commodity generation through a diversified range of crops, including cotton, soybean, corn, wheat and rice.

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