Commodity Online CALGARY (CANADA): When the whole world says commodities are beaten, Agcapita Farmland Investment Partnership is upbeat on its prospects. With the investment wizard Jim Rogers recently joining the advisory board of the company, the Fund believes it will get a global profile and a real stamp of credibility for its investment premise—Western Canadian Farmland.
“Our firm is built around the core premise that the world is in the early stages of a bull market in commodities driven by inflation and a step-change increase in demand and accordingly, that investments with direct or indirect exposure to commodities in a politically stable environment such as western Canada will provide above average returns,” according to Stephen Johnston of Agcapita.
Agcapita’s investment team has over 40 years private equity and fund management experience and over $1 billion in total career transactions. The team currently manages a trio of private equity funds with almost CAD$ 100 million of assets under management and previously managed a group of emerging market funds with almost C$500 million in assets for one of the largest banks in Europe.
Agcapita’s advisory panel has 40 years experience in global commodity investing, 25 years experience in large scale farm operations; 2 PhDs in agriculture related fields – biotechnology and economics; 37 patents in plant genetics, 15 pending; and 20 years in senior government positions in Saskatchewan including cabinet posts
Agcapita Farmland Investment Partnership is the third in a family of alternative investment funds which has grown to almost $100 million in assets under management.
Agcapita’s first farmland fund is currently finalizing its 2008 acquisition program in anticipation of the launch of a $50 million follow-on fund in late Q4 2008.
What makes Candian Farmland worthwhile Agcapita said Canadian farmland is high quality: Canada is the third largest wheat exporter in the world and in aggregate one of the largest agricultural producers in the world. The three western Canadian provinces alone have approximately 135 million acres of farmland and produce approximately 20 million tons of wheat a year.
Continued...