Farmland LP Funding, Investors & Competitors

Farmland LP has raised $108M across 2 funding rounds, most recently a $72M Series B in June 2021.

Last Farmland LP funding round

$72M

Series B · Jun 2021

Cumulative funding Farmland LP raised

$108M

across 2 funding rounds

Key investors in Farmland LP

  • Ground Squirrel Ventures

Farmland LP Overview

About Farmland LP

Farmland LP is a U.S. real estate fund acquiring conventional cropland and regenerating it into certified organic farmland through science-driven rotations of cover crops and livestock grazing. Properties in the Midwest and California undergo soil biology enhancements, boosting organic matter by 2-4 percent within three years. Investors access farmland ownership benefits alongside premiums from organic grain, dairy, and vegetable markets outperforming commodity benchmarks.


Founded

2009

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Investment management

Farmland LP Funding History

Farmland LP has raised a total of $108M across 2 funding rounds.

Farmland LP's first fundraising round was a $37M Series A in January 2014. The most recent completed round was a $72M Series B in June 2021.

Farmland LP funding rounds

Farmland LP funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021Series BGround Squirrel Ventures$72MFarmland LP is the largest manager focused on organic and regenerative farming, managing over 18,500 acres with a value-added farmland management strategy that transitions conventional farmland to higher-value organic crops like wine grapes, blueberries, organic vegetables, and grains. The firm targets improved cash flows and above-market appreciation through sustainable practices, earning the highest impact rating among 10,000 companies from HIP. In 2021, Farmland LP's Fund II surpassed $100 million in capital raised ahead of its December final closing, on track to reach a $150 million goal, including repeat investors from Fund I. The first fund delivered annualized returns of around 10% with one-third leverage, as highlighted in Fortune's Q2 2021 Quarterly Investment Guide, which described the model as a groundbreaker providing stable, uncorrelated returns as an inflation hedge. Farmland LP also planned a USD $115 million bond issuance in 2021 to refinance debt from Fund I and Fund II and add an interest reserve.
Jan 2014Series A-$37MFarmland LP is a sustainable agriculture investment fund that acquires conventional farmland primarily in California, Oregon, and Washington, converting it to certified organic and regeneratively managed farmland to generate financial returns alongside environmental benefits. Around 2014, the fund managed approximately $50 million in assets, including close to 7,000 acres valued at $50 million in the San Francisco Bay Area and Oregon's Willamette Valley. It attracted interest from tech investors like Scott Banister and Ali Partovi, who viewed it as a low-risk real asset investment compared to venture startups. In 2014, Farmland LP announced plans to raise a $250 million real estate investment trust (REIT) open to accredited investors, allowing ownership stakes in its organic farmland portfolio. This followed its initial activities since around 2009, with the fund positioning itself to benefit from the 2014 Farm Bill's provisions supporting organic agriculture, such as whole farm insurance reducing advantages for conventional commodity crops. A separate but related entity, Farmland Partners Inc., closed an IPO in April 2014, selling 3,800,000 shares at $14 per share on NYSE MKT under ticker FPI, owning 7,300 acres initially. Later developments included completing a second fund raising over $130 million and managing over $160 million in assets across 15,000 acres by 2018. A USDA-funded study highlighted ecosystem benefits, such as $21.4 million net value from regenerative practices on Fund I farmland since inception versus conventional management.

Who has invested in Farmland LP?

1 investor has backed Farmland LP across its funding rounds, including Ground Squirrel Ventures.


Farmland LP Investors

Investors in Farmland LP by funding rounds participated
InvestorHQRoundsRoleFirst check

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Farmland LP Competitors

Farmland LP competitors include listed companies like Brookfield, Brookfield Asset Management, Corteva and BASF, and private ones like Meicai and CREED.

Public and private companies comparable to Farmland LP
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BrookfieldCanadaCanadaPublicly listed$75B$32B$83B59.5x
Brookfield Asset ManagementCanadaCanadaPublicly listed$4.6B$3.2B$73B13.6x
CortevaUnited StatesUnited StatesPublicly listed$17B$2.9B$54B3.2x
BASFGermanyGermanyPublicly listed$69B$8.2B$52B1.0x
MeicaiChinaBeijingPrivate--$7B-
CREEDUnited StatesNew York City, NYPrivate--$6.4B-

Farmland LP Public Comps

Farmland LP is still privately-owned, but its public comps include Brookfield, Brookfield Asset Management, Corteva, BASF, Archer-Daniels-Midland, Nutrien, Muyuan Foods, Novonesis, Bunge and CF Industries.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Brookfield$75B$32B6.1x59.5x14.4x64.8x
Brookfield Asset Management$4.6B$3.2B17.6x13.6x25.1x24.6x
Corteva$17B$2.9B3.3x3.2x19.5x13.9x
BASF$69B$8.2B1.1x1.0x8.9x8.6x
Archer-Daniels-Midland$80B$2.9B0.6x0.6x17.4x11.2x
Nutrien$27B$6.1B1.9x1.8x8.2x8.0x
Muyuan Foods$21B$5B2.0x2.3x8.7x16.1x
Novonesis$4.8B$1.6B7.1x6.7x21.7x17.9x

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Common questions about Farmland LP

When was Farmland LP founded?Farmland LP was founded in 2009.
Where is Farmland LP headquartered?Farmland LP is headquartered in San Francisco, CA, United States.
Is Farmland LP publicly listed?No, Farmland LP is a private, VC-backed company.
How much funding has Farmland LP raised?Farmland LP has raised $108M across 2 funding rounds.
What was Farmland LP's last funding round?Farmland LP's last funding round was a $72M Series B in June 2021.
Who are Farmland LP's investors?Farmland LP's investors include Ground Squirrel Ventures.
Which companies are comparable to Farmland LP?Companies comparable to Farmland LP include Brookfield, Brookfield Asset Management, Corteva, BASF, Meicai and CREED.

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