Investor Presentaiton
Financing Growth
Unit Economics
FARMLAND
PARTNERS
Agriculture Land -Long Term Appreciation (7)
Example:
$6,000
•
$1 million invested
•
4% yield on cost
6.5% annual appreciation to exit
10-year hold
Ag Land
Crop Land
$5,000
CAGR from
1997: 5.7%
5% growth
$4,000
$3,000
Unlevered ($mm)
$2,000
CAGR from
1970: 5.9%
$2.5
$2.4
20.0%
$1,000
$0
$2.0
16.0%
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020
Inflation vs. Farmland Appreciation (8)
$1.5
$1.5
$1.0
$1.0
12.0%
10.3%
25.0%
Inflation
Appreciation
8.0%
20.0%
15.0%
4.9%
$0.5
4.0%
10.0%
5.0%
$0.0
0.0%
0.0%
Cost
Yield
Yield +
Appreciation
(5.0%)
(10.0%)
(15.0%)
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020
Please see p. 28 for end notes.
FPI
12
LISTED
NYSEView entire presentation