farmland

“There are people in space to talk about at least mid teen returns, right on farmland. That's just not reality. We talk about high single digits in terms of returns”

“If you do have a high inflationary environment with high interest rates, that works well for Farman. That's the 19 seventies for Farman.”

“So you'll even go into a state like Iowa now, you know, has 99 counties. One of those counties will have around 300,000 acres of tillable or plantable farmland. And look in the plat book, which is basically the phone directory for land, and in there you'll fin…”

“One is that the United States or may globally gets into a deflationary environment. That'd be very bad for 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…”

“80% plus of the land are bought by farmers. We don't see a lot of competition from other farmland investment funds.”

“Historically, that has been around six percent. Half of that is inflation. This is a Very good inflation hedge. Soybeans go into like 3000 products, including the pen you're holding right there. I mean, it goes into everything. It is an inflation hedge, tracks…”

“But if somebody showed up and said, I want to buy two hundred fifty million dollars of farmland this year, the only way to do that would be to get large transactions and pay market prices to even attempt to do that even if you could execute it.”

“Since 1950, we've dropped the number of acres in America in farmland by about 30%.”

“We have a very big allocation to forestry, about five percent of the fund. We have a big allocation to farmland. That's about six percent of the fund.”

“Usually when you're investing in farmland, you're not actually buying the land. What you're really buying is access to water. It's more about water than it is soil. And so data centers is the same thing. It's about access to power.”

“Australia is the driest continent on earth. And there's a lot less water compared to land. So water is a better way to pay the agricultural exposure.”