Investor Presentaiton
Why Farmland Partners?
1. Mirroring U.S. Farmland Trends
Near-zero vacancy
Realized approximately 8.1% gross unlevered IRR across
approximately $170 million of dispositions, driven by land
appreciation even during lean years for the farm economy
Land scarcity driven by alternative uses
Farmers have access to government support programs (e.g., crop
insurance)
Long-term investment outlook
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Commodities: 2 to 3 quarters
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Rents: 2 to 3 years
Land: 2 to 3 decades
Access to capital
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3. Positioned for Growth
Public Equity: Provides liquidity and acquisition currency for
sellers seeking to defer capital gains
Debt Capital: Long-standing relationships with ag lenders
Private Capital: FPI growing its asset management business
Robust pipeline of potential transactions
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Farms: Target accretive acquisitions with strong demand
from high-quality tenants
FPI Loan Program: Provides capital to farmers for growth or
working capital, backed by high-quality farms
Ability to execute
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Institutional capital coupled with boots on the ground allows
for efficient identification and execution of new investment
opportunities
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FARMLAND
PARTNERS
2. High Quality Portfolio
Diversified farmland portfolio of both row crops and permanent crops
Portfolio extends across some of the world's most productive
farmland
4. Aligned Management Team
Internally managed REIT
Board and management have large stock position (~8%)
Team members in the field with "boots on the ground"
Some management team members have farmed their own land
Proprietary nation-wide network of tenants and other industry
participants
No fund structure forcing FPI to sell properties
FPI
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