ImpactAlpha, August 17 — San Francisco-based fund manager Farmland LP has acquired over 16,000 acres of conventional commercial farmland in Washington, Oregon and California since 2009 in order to implement organic and regenerative-farming management practices.
“We have demonstrated that converting low-margin, high-volume farmland into high-margin organic alternatives generates substantial financial benefits while simultaneously promoting environmental stewardship,” said Farmland LP’s Craig Wichner.
Farmland LP has gotten a jump on its targeted $250 million third fund. Its first deal is the purchase of a 1,184-acre farm in Oregon. Farmland LP raised $130 million for its second fund in March last year and has more than $250 million in assets under management.
