It reports today that the company has been trading as Australian Farms Investments, and that more acquisitions may be on the cards due to the impact of drought and interest rates on farm viability.

While those factors have hurt family farmers, the AFR reports that PPB chairman, Bill Moss, says there are strong returns available in agriculture.

"At the moment, everybody is too shell-shocked to do anything," Mr Moss told the Fairfax publication.

"But people who can stop worrying about the credit crisis are asking what are the big things in the next five or 10 years, and food is one of them."

Australian Farm Investments is raising another $160m to acquire financially distressed rural properties throughout NSW with a view to recapitalising them and making them profitable.