Northland Organic Farm

Polk County, MN

A

AcreTrader Rating (1)

Description

The Northland Organic farm is located in northwestern Minnesota, 10 miles east of Grand Forks. This farm is Certified Organic and has a production history of pinto and kidney beans as well as corn and soybeans. The farm has a Crop Productivity Index (CPI) of 91.3, on a scale of 0-100, and is capable of producing a wide range of additional crops including wheat and sugar beets.

This farm has recently been Certified Organic by the current farmer, who operates over 4,000 acres in the Red River Valley. The farmer produces a wide variety of crops, including pinto beans, kidney beans, black beans, potatoes, wheat, oats, rye, corn & soybeans as part of a 100 year old family farming operation.

Investment Highlights

  • 5 year target hold period given stable cash flows and potential for appreciation.

  • Existing cash lease in place for 2020-2025.

  • Farm is subject to a purchase option held by the Tenant, to be exercised at expiration of the lease, on or before 12/31/2025. Purchase option is for a fixed price that implies a ~5% IRR, or the then-current appraised value, whichever is greater.

  • The property will be managed by AcreTrader Management, LLC, an affiliate of AcreTrader, Inc.

  • Standard AcreTrader management fee of 0.75% applies annually.

  • Anticipated distribution payments occur on December 15th annually, beginning December 2020.

Additional Details

  • Please note that the form of entity for this offering is a LLP rather than an LLC.

  • Please note that due to Minnesota's farming laws, you may only invest in this farm as an individual. Entities such as LLCs are not allowed to invest in this offering.

Risk Factors and Disclosures

Please see additional risk factors here  and in the Issuer Document Package for a discussion of additional risks. The above presentation is based upon information supplied by the seller and others, and some images shown may be used for representative purposes and may not have been taken on location at the subject property. While AcreTrader performs extensive due diligence on the offerings on our Site, certain of the information presented in each offering may have been provided by third party sources. Therefore, AcreTrader and its respective affiliates, officers, directors or representatives (the "AT Parties") hereby advise you that while all such third party information contained herein has been provided by to us from sources deemed reliable, we cannot guarantee its accuracy. The AT Parties further make no representations as to the accuracy or completeness of any such information and undertake no obligation now or in the future to update or correct this presentation or any information contained herein.

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