The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Stronach: Farmland investors are fundamentally water investors
“Most farmland investors beneath the surface, they're water investors. When you go out to the farm, you're looking at the, you know, you're looking at the earth, you're looking at the trees, but what you're really looking for is water.”
Stronach: Permanent Crop Farmland Can Yield Up to 18% Annually
“So you can get that combined yield with permanence up to 16, 17, 18% when things are going really, really, really well with your annual crops, with your things that have to be replanted every year, that's going to be corn, potatoes, onions, your yields are goi…”
Stronach: Farmland's Main Purpose Is Volatility Reduction and Inflation Hedging
“If somebody told me that their main interest in farmland investing was to just make tons of cashflow every year, I would tell them that that is not the main purpose of it. It's main purpose is to reduce the volatility that you see in other investments, like th…”
Stronach: Farmland Returned 500% to 600% During 1970s Inflation
“If you go back to the 19 seventies, if you go back to that, that decade, if you were invested in the stock market, okay, over the decade, you would have gotten, you know, give or take about You know, 16, 17%, but you would have lost so much of your money to in…”
Stronach: Irrigated pecan orchards cost $8,000 to $10,000 per acre
“So for that type of orchard, you know, you're going to pay eight, nine, 10,000 dollars an acre, and it adds up.”
Luke Stronach is developing a 1,000-acre pecan orchard for $7 million
“So the first orchard is going to be right around two million. The next orchard is going to be a couple million and then developing the thousand acre orchard all told that'll be about seven million.”
Stronach: 40% of North American farmland is leased
“So 40% of the farmland in North America is leased to farmers.”
Stronach: North American farmland is a $2.5T vertical
“This is a two and a half trillion dollar vertical.”
Stronach: Permanent tree crops predominantly use revenue sharing leases
“With other crops that are what we call permanent crops. So these are going to be things during the ground year long, they grow on trees. So these would be almonds. These would be cherries. These would be pecans more frequently. You're going to see that revenue…”
Stronach: Farmland deals require in-person rural persistence, not office work
“This is why the farmland space is not as big as commercial property in other sectors is it's hard. This is a hard space. You can't operate in it, sitting in an office, pushing buttons, and, you know, spending your afternoons playing golf. You have to be able t…”