Aus ag ripe for foreign investment

THE sliding dollar is sweetening Australia's appeal as an agricultural investment destination ripe for overseas companies and fund managers, particularly from North America and Europe.

While the headlines are frequently all about new farm sector deals between Australian agribusinesses and players in key markets in developing Asia, a new age of 'Down Under' investment interest is dawning in global capital markets from more traditional backgrounds.

"We're seeing strong interest from sources in the US and Europe who are looking at building long-term investment relationships," said director with trans-Tasman corporate strategy and agribusiness advisory firm PPB Advisory, Tim Lee.