The Meb Faber Show: “Craig Wichner, Farmland LP – Harvesting Wealth: Investing in Farmland for Sustainable Returns”

Craig Wichner, Farmland LP – Harvesting Wealth: Investing in Farmland for Sustainable Returns

Today’s returning guest is Craig Wichner, Founder and Managing Partner of Farmland LP, the largest farmland manager focused on organic farmland, now managing over $250 million in assets and 15,000 acres of farmland. 

In today’s episode, Craig starts with an update on his company and then shares how higher inflation and the shifting macro environment has affected farmland as an asset class, especially after 2022 when real assets were one of the few assets that didn’t have negative returns. 

Then we dive into the financials of an acquisition they made of a 4,000 acre, 150 year old farm in Northern California back in 2013 for just under $30 million. Craig walks through the investment and timeline to convert the farm to organic, the benefit of the conversion, and how it helped the farm be re-appraised for just over $75 million last year. 

Today’s episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. To start your free trial and be sure to mention “MEB” for 20% off your subscription here: https://go.ycharts.com/meb2023 (New clients only)

—– Follow Meb:

Twitter: https://twitter.com/MebFaber

LinkedIn: https://www.linkedin.com/in/mebanefaber/

Website: http://mebfaber.com/

Meb Faber

https://mebfaber.com/

20230510