Manulife Acquires 1,400 Acres in Central Valley

Canadian financial services firm Manulife has acquired two Fresno County orchards totaling 1,400 acres. The acquisition includes a 900-acre pistachio orchard and a 500-acre citrus, pistachio, and almond orchard. No financial details were disclosed. Located in California’s tree nut hub in the Central Valley, the properties are situated near other farmland assets owned by Manulife. The company manages more than six million acres of timberland and prime farmland throughout the US, Canada, Australia, New Zealand, and Chile. Oliver Williams, Manulife’s global head of agriculture investments, said “We believe that orchards, as a nature-based solution, can provide both economic returns to our investor clients along with social and environmental benefits.” Read more HERE.