Pensions & Investments | 3 February 2025
Vermont puts $35 million into agriculture fund
by Margarida Correia
Vermont Pension Investment Commission, Montpelier, committed $35 million to U.S. Core Farmland Fund on behalf of the $6.8 billion Vermont State Retirement Systems, according to Katie Green, VPIC’s deputy chief investment officer.
The commitment to the agriculture fund managed by US Agriculture was approved at a VPIC meeting Jan. 28 and complements a previous $100 commitment to Nuveen Global Farmland Fund in 2020, Green said in an email.
As of Dec. 31, VPIC’s allocation to farmland was 1.57%. Its target allocation is 2.00%.
The three pension funds that make up the Vermont State Retirement Systems are the Vermont Municipal Employees’ Retirement System, Vermont State Teachers’ Retirement System and the Vermont State Employees’ Retirement System.