Harvard University Endowment Fund to sell more of almond, cotton holdings

The $56.5 billion Harvard University Endowment Fund has plans to sell its Australian almond and cotton holdings after putting the Western Rosella Farming portfolio in the New South Wales Riverina on the market, reported Financial Review.

The Lachlan Valley portfolio, which has an asking price of A$120 million ($86.55 million), covers about 13,652 hectares (33,735 acres) and is made up of three properties: 524-hectare (1,295-acre) Moora at Hillston, 2,419-hectare (5,978-acre) Euroley at Euroley and 10,708-hectare (26,460-acre) Newmarket at Maude.

Earlier this year, the pension fund sold two other Hillston cotton and almond farms — Wyadra and Cowl Cowl — to Boston-based Hancock Agricultural Investment Group.