Thesis
Farmland appreciation alone has been a steady generator of real returns; what's underweight in most institutional portfolios is the operating layer above it. The cell pairs land with vertically integrated food-system infrastructure — processing, storage, logistics, branded sale — so that yield comes from the chain, not just the underlying acre.
Market
- Target hold
- 12–20 years
- Geographic focus
- United Kingdom · United States · Latin America
- Cheque size per asset
- US$20–75m equity
- Revenue model
- Mixed: lease + processing margin + branded yield
Cell architecture
Land and operating infrastructure are acquired into a single cell but tracked separately. Asset-level debt sits at the SPV. The cell handles all institutional reporting; the operating platform handles supply-chain economics. The two interact via a long-form services agreement audited annually.
Sponsor profile
- Land sponsors with multi-decade tenure and audited yield history.
- Operating sponsors with branded sale or aggregation businesses already running.
- Willingness to publish supply-chain unit economics on the same cadence as the cell's financial reports.
- Aligned ESG framework consistent with Guernsey Green Fund eligibility.
Investor terms · indicative
- Target net IRR
- 10–15%
- Cash yield (steady state)
- 3–6% p.a.
- Subscription minimum
- US$500,000
- Liquidity
- Locked through harvest cycle; secondary venue from 2028
Milestones
- 2026 — Land + operating sponsor identified.
- 2027 — First close; land tranche under exclusivity.
- 2028 — Operating infrastructure online; first supply-chain reporting cycle.
- 2029 — Steady-state branded yield begins.