Farmland Investing with FarmTogether

There’s always been three people that I consider “Reliable financial advisors.” My dad, my grandpa (my dad’s dad), and Jim Cramer. The former two have dabbled in the stock market for decades and have seen pretty decent returns. Jim Cramer on the other hand is well known investment guru (and a hilarious one at that). These guys have been a wealth of knowledge to listen to. However, none of them knew about the prospect of farm land investing and how it is much more stable and often safer than stock market investing. Now one company, FarmTogether, is making investing in farmland much easier than ever before.

Recently, I sat down with FarmTogether founder and CEO, Artem Milinchuk, to talk about farmland investing and how FarmTogether is making it a much easier process than ever before.

So why invest in farmland?

First off, why would someone want to invest in farmland? As Artem mentioned in our podcast interview (check it out below), available farmland in the United States is shrinking due to increase in population. Obviously, with an increaes in population, we will need more food than ever. It’s estimated in the next 20-30 years, we will increase world-wide population by 2 Billion people. That’s 2 billion MORE mouths to feed, three times a day, everyday. That’s a lot more food needed than what we produce now. So it seems that farmland value will continue to go up as more farmers are either growing their operations, starting new ones, or even consolidating. With investments in row crops and even specialty crops like apples, and IRR (annual rate of growth an investment) anywhere from 7 – 20%, farm investment looks like a stable and very lucrative investment for any portfolio.

So why FarmTogether?

FarmTogether offers an all-in-one tool to invest in farms across the United States. While other investment sites only offer certain areas, FarmTogether allows you to pick any crop and any location around the country that is part of their extensive listing.

They also do their research when adding farmland to the platform. Using their state-of-the-art technology and curating process, FarmTogether only adds sites with real promise of delivering decent returns for your investment. The farms selected often practice sustainable, regenerative production methods with promises high quality soil and high quality produce. These production methods are growing in terms of populatiry with consumers, so farmers are staying on trend to capitalize as much as possible, both of profit and for environmental reasons.

Also, this isn’t some process where you invest and never hear from FarmTogether. They encourage investors who are looking at starting an account to contact them with questions, comments, concerns, etc. There are also wonderful resources on their website that offer more details on what the investment process is like and much more.

If have been thinking about diversifying your portfolio, I encourage you to check out FarmTogether. It’s a great platform that not only helps farmers, but also investors. Their easy to use site and resources take out the intimidation of investing.

Check out FarmTogether.com or our interview below!

CashRent is Changing the Renting Game

I’ve always wanted to start an actual farm. What would I grow? Honestly, no clue yet. I’ve dabbled in hydroponics, but can’t get the science down at all. Maybe corn? Peanuts? Or strawberries or oranges, but it does get a bit too cold here in NW Florida for those fruits.

But of course, to start a farm, you need…LAND! Which, at the moment, Allie and I only have about 1/3 of an acre in city limits. Which I’m fairly certainly we couldn’t start a row crop operation in the backyard (we could…but we would probably have a lot of complaints.)

So what is there to do? Well, actually quite a lot. I’ve learned more and more that renting farmland is a pretty simple solution for farmers. Most farms that are 2nd or 3rd generations, have the luxury of having the land passed down from the previous generation. Beginner farmers aren’t so lucky and often have to search for available land which usually doesn’t come cheap. There has to be an easer way, right?

Farmers need land to grow crops. Some landowners have vast amounts of unused land that would actually be perfect for farming. Enter, farmland renting. It’s a win/win for all parties involved. Farmers get easy access to land and landowners get paid for their unused parcel. These agreements used to be handshake agreements between two parties, with the real issues being finances (shocker!). Farmers don’t want to pay too high of a price of land, while landowners want a fair price to rent out their land. CashRent.com is here to fix that dilemma.

CashRent is making the whole farmland renting process easier for all parties involved. CashRent is able to use aerial maps and soil data to develop a fair price of any land available on their platform. No more guessing on land value! This ensures landowners are getting a fair income on their land, while farmers aren’t having to pay unfair prices. This is also a wonderful tool due to available farmland in the U.S. shrinking at an alarming rate. You’ve probably heard it before, but farmers are constantly having to do more with less, and that includes farmland. This platform allows farmers to search in Illinois and Indiana, and soon the rest of the U.S., for farmland that will suit their needs. More land is easily marketed to anyone who might be interested, helping both the farmers and landowners get high quality tenets.

CashRent helps Landowners and Farmers cultivate the lessor/lessee relationship in a simple and transparent way.

CashRent.com

Not only does this help first time farmers looking for farm land in their area, it also helps farmers expanding their operations.

After chatting with co-founder, Noah Berkson, I learned that larger operations are expanding and getting high quality land for their farms. Noah stated that while some farms bid for land hours away from their headquarters, often it’s those large farms that are already right next to the land up for rent.

If I had much more land in my name or if I was ready to start a farming operation, I would absolutely use CashRent to look for land or lease some out. If you are a farmer or landowner, I highly suggest you check them out. They will be expanding throughout the continental Untied States very soon and with that, more farmers and landowners can use their amazing service. They even have a super easy tool, Cashrestimate, that can give you an estimate for your lands value (only currently available in Illinois as of 2020, but soon they will be expanding).

Learn more about CashRent by visiting their website or by listening to my interview with Noah, below!