Interview with Chris Rawley
Not a farmer
Did not grow up in the ag world
Military - Navy
Went to work in real estate
First alt investing was real estate
Worked in different industries
Few years ago became enamored in ag as asset class
Ag is an asset class that is taken for granted
Crowdfunding act of 2012 for investors
A number of real estate funds focusing on apt buildings, etc
Created “harvest returns” about a year ago
Put money in private placements of ag
Have investors w existing land and make the opportunity available for investors
Focused on the production side (crops, land, etc)
HR focused on accredited investors
Non-accredited by end of the year
Reasons to invest in ag
Common investment for large institutions
Very challenging to access these investments
There are some farmland and timberland REITs
There are some funds but have really high minimums ($250K)
Liquidity is a double-edged sword
Allowing on the marketplace:
Regulatory environment
How will you validate yourself to a skeptical market?
Looking for people raising $500K-$2M
Sale/leaseback deals
Provide creative financing opportunities
How much of portfolio? ~5-15%
https://www.harvestreturns.com/
http://investorinthefamily.com/
Welcome to Episode 5 of the "Becoming Buffett" Series!
This week we discuss the 1969 letter to Berkshire Hathaway shareholders.
Buffett's annual letters book: http://amzn.to/2ogVi4U
Some brief notes:
1969
http://investorinthefamily.com/