ImpactAlpha, Mar. 31 – Farmland LP has raised $130 million to convert conventional farmland to organic. The close of Farmland’s Vital Farmland REIT, the second fund from the San Francisco-based manager, brings Farmland’s total assets to over $200 million.
Farmland LP owns and actively manages over 15,000 acres of high-quality farmland in Washington, Oregon and California. The strategy: Convert conventional farmland to organic, add high-value and permanent crops, and drive productivity with technology. “U.S. farmland offers investors consistent, stable and non-correlated returns,” says Farmland’s Craig Wichner. “Investor interest in organic and regenerative farming is increasing.”
Family offices, institutional and accredited individual investors and clients of numerous Registered Investment Advisors backed the Farmland’s Vital Farmland REIT. Wichner says the firm’s regenerative farming practices and adherence to Certified Organic standards “give investors the assurance that their capital is having a real impact rather than greenwashing the most environmentally destructive practices in agriculture.”