In the last ten years, pension funds and other large investment funds have invested more and more in agricultural land as a part of their financial portfolios, contributing to increasing human rights violations and environmental destruction.
It is the first time the US pension fund has awarded a separate account for the asset class, although in February it announced it was investing $125m in International Farming Corporation’s US Farming Realty Trust III.
American farmland is becoming popular with overseas investors—and that’s making people nervous. Italian buyers purchased 102,000 acres, New Zealand bought around 18,000, and Saudi Arabia and the United Arab Emirates went in on more than 15,000 acres.
Texas-based Harvest Returns, a financial tech company, is planning on debuting its agriculture investment platform this month. With this platform, agriculture producers and landowners will be able to raise funding and also maintain control over their business.