Jay Girotto
person on 1 show · 8 statements across 1 episodes
On the record as a speaker too: Jay Girotto across every show, appearances and statements → this page counts the times other people say the name.
8 statements about Jay Girotto, every show
Girotto: Manager bonuses steer endowments away from long-term assets like farmland
“I think a lot of that disconnect comes by creating financial incentives, you know, bonuses and things like that for the investment manager that actually steer them away from things that the client should actually be investing in. And I see that often in farmla…”
Girotto: Losing China as a Trade Partner Is the Biggest Farmland Risk
“The biggest concern certainly is that in some way through this whole thing with China, that China would truly go away as an agricultural trading partner somehow. I think that's probably the biggest overall risk. The other macro risks that I mentioned around in…”
Girotto: Institutional Farmland Ownership Is a Rounding Error in $2T Market
“The size of the market is about two trillion in farmland value in the U.S., and there are two publicly traded REITs in the space, and they each own around or less than a billion in farmland. Your largest institutional investor is TIA Cref in the US. They own m…”
Girotto: Over 80% of Target Farmland Is Purchased by Farmers
“80% plus of the land are bought by farmers. We don't see a lot of competition from other farmland investment funds.”
Girotto: High inflation with high interest rates works well for farmland
“If you do have a high inflationary environment with high interest rates, that works well for Farman. That's the 19 seventies for Farman.”
Girotto: Deflationary economic environment would be very bad for farmland
“One is that the United States or may globally gets into a deflationary environment. That'd be very bad for farmland.”
Girotto: Farmland Opportunity charges 20% fee on gross farm revenue
“Our management fee, we basically take 20% of the gross revenue off of the farm. So that's Any lease revenue, that's primarily farming, but it could be windmills and, you know, various other things. So our gross cash yield rates are around five percent. So we'r…”
Girotto Achieves 4% Net Cash Yields via Value-Add Farmland Acquisitions
“Our historic returns actually are at four percent because we are buying at a discount to the market rate, as well as we're using an operator that's getting 20% higher crop yields and can pay more in terms of cash rents. So our underwriting number is net of fee…”