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STATUS
STATUS
Corn
Soybeans
Wheat
Dry BeansCapital Being Raised
Total Acres
Price/Unit
Est. Ownership Duration
Min. Investment
1:00 PM Central
The Argyle Farm is a 145.9 acre corn, soybean, wheat, sugar beet, and dry bean farm located in Polk and Marshall Counties, Minnesota. This investment opportunity consists of an improved farm with strong crop optionality in the top county in Minnesota for value of crop production.
Due to state of Minnesota regulations, the Proterra AcreTrader Farmland Fund LP cannot invest in the Argyle offering.
With over 985,000 acres in crop production, Polk County is a core production area of the Red River Valley in Minnesota. The Red River Valley is a unique agricultural region of Minnesota and North Dakota and is named after the Red River, which serves as the boundary between the two states. The valley is the remnant of a large prehistoric lake and this unique geological history has resulted in a flat terrain with exceptionally fertile soil that is high in organic matter. The Red River Valley is known for the production of soybeans, corn, wheat, canola, potatoes and the region's most well-known crop, sugar beets. The Red River Valley produces approximately 44% of the sugar beets grown in the United States and is home to one of the country's largest sugar beet processors, American Crystal Sugar.
According to Acres(1) data, we believe this Property is being purchased at a below-market entry price based on available comparable sales of properties of similar size and quality in the same region, which is an active, tenant-dense land market. Please see page 16 of the PPM for details. We believe that purchase price relative to current market values is a primary driver of farmland returns.
The Argyle Farm was sourced through AcreTrader’s local network as a sale-leaseback transaction that allows the seller to maintain operational control while unlocking equity to further expand their farming operation. The Property will be leased to the seller for a five-year term beginning in 2027 at a base rate of $225 per tillable acre.
The Red River Valley boasts robust crop optionality with corn, soybeans, wheat, canola, sunflowers, barley, dry beans, potatoes, and sugar beets all being grown in the valley. The Argyle Farm specifically has recently grown a rotation of corn, wheat, dry beans and soybeans and is capable of growing other high value crops such as sugar beets.
The Argyle Farm is AcreTrader’s sixth offering in Polk and Marshall Counties. The broader Red River Valley/Northern Minnesota is a frequent sourcing region for Acretrader with 11 previous offerings in the region with six successful exits to date with realized IRR’s of 3.6%, 7.1%, 7.2%, 7.5%, 10.3%, and 11.0% respectively(2). AcreTrader has sourced and managed approximately 2,800 acres in the region. The complete list of ATM exited investments is available here.
(1) Acres, is a geospatial land intelligence platform designed to improve land management and purchasing decisions. Using public and private market data, Acres aggregates and analyzes over 150 million parcels of land to enable users to better understand and maximize the value of their property.Minimum Subscription Requirement: $584,400
Maximum Subscription Amount: $974,000
Termination Date: 2/17/2027
5-10 year target hold period is anticipated.
Please see the Financials tab and the Investment and Limited Liability Partnership Agreement for additional information. The Private Placement Memorandum (PPM) is available in the Documents tab to be viewed or downloaded. The PPM and offering descriptions should be read carefully to fully understand the objectives, risk factors, charges, and expenses of an investment.
Please refer to the PPM for the full list of risk factors.
Geographic Concentration
The Company’s activities will be limited to acquiring and holding the Property as an investment and are therefore inherently concentrated in a specific geographic location. A stagnant or depressed economy in the area in which the Property is located could adversely affect the value of the Property and the Company’s ability to provide a return or any profit to investors.
Third-party property managers may not be effective
The Manager, on behalf of the Company, may retain third-party property managers who will, under the supervision of the Manager, oversee the day-to-day operations of the Property by the tenants. The success of the Company will, accordingly, depend on the performance of such third-party property managers, and their failure to successfully perform their management duties could adversely impact the Property’s results of operations and could reduce cash available for distributions to Members of the Company.
Crop Risk
Corn, wheat, and soybeans are planned to be grown on the Property. These commodities are subject to price volatility that could result in selling prices below break-even for the operator. Commodities are also subject to weather conditions including but not limited to drought, flood, and hail.
Farmland Risk
Farmland investments are also subject to additional risks including volatility in commodity prices, weather events or disease that could damage crops and many other operational factors.
Securities offered by North Capital Private Securities Corporation (“NCPS”), a broker-dealer registered with the SEC and a member of FINRA | SIPC. Their Form CRS can be viewed here.
Alternative asset investing is speculative, involves a high degree of risk, including complete loss of principal, and is not suitable for all investors. Alternative investments are illiquid, not listed on an exchange, and not a short-term investment. Distributions are not guaranteed. Changes in tax law may adversely affect offerings. This offering is a private offering and is not registered under the Securities Act or under any state securities laws or the securities laws of any other jurisdiction. There is no assurance any investment will achieve its objective.
Note that Investors are purchasing shares in a newly formed entity that will purchase this farm but are not purchasing actual acreage of the farm directly. The entity will directly own the farmland. Farmland investments are also subject to additional risks including volatility in commodity prices, water accessibility, weather events or disease that could damage crops and many other operational factors. Economic implications include potential increased production costs and reduced crop yields.
The PPM contains a complete list of all Risk Factors and should be read carefully before investing. 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 Platform, LLC, 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 to us from sources deemed reliable, we cannot guarantee or make representations as to its accuracy or completeness. The AT Parties undertake no obligation now or in the future to update or correct this presentation or any information contained herein.
Please be advised that certain registered representatives of NCPS who are performing sales activities on behalf of NCPS in connection with offerings on the AcreTrader Platform may also be providing services to other entities affiliated with the offerings, including but not limited to the issuer of this or other investment offerings on the AcreTrader Platform. Such services might include, but are not limited to, sourcing real estate, conducting land due diligence, negotiating real estate purchases, preparing marketing and other investor-facing materials, land management-related administrative services and authorizing investments. The registered status of such personnel creates inherent conflicts of interest for a number of reasons, including but not limited to the fact that they may gain financially from your investment, directly through commission payments or indirectly by receiving compensation from the issuer or an affiliate of the issuer. Registered representatives are not presently anticipated to receive commissions in connection with their sales activities for AcreTrader Platform offerings.
“AcreTrader is focused on being a transparent and helpful resource as you research whether farmland is an appropriate asset class for your portfolio. I’m happy to hop on a call to answer questions related to farmland as an asset class or our platform as a tool to access it.”
