May 3 (Bloomberg) -- Pensionskassernes Administration, a Denmark-based fund that manages about $25 billion, plans to invest $370 million in farmland globally, said Jens Henrik Staugaard Johansen, a portfolio manager.

“We plan to make the commitment by April 2012,” Johansen said today at a conference in New York. “We will look at owning
and operating the farmlands.”

The fund is looking at acquiring farmland in Africa, the Oceania region, Latin America and Central and Eastern Europe,
Johansen said. Pensionskassernes manages funds on behalf of pension funds with 250,000 members.

For Related News and Information:
Top Stocks Stories: TOP CMD <GO>
For a Menu of Agriculture-related Functions: AGRS <GO>

--Editors: Steve Stroth, Daniel Enoch

To contact the reporter on this story:
Debarati Roy in New York at +1-212-617-5307 or
droy5@bloomberg.net

To contact the editor responsible for this story:
Steve Stroth at +1-312-443-5931 or
sstroth@bloomberg.net.