Agriculture Investment Marketplace | March 12, 2026
AcreTrader Announces the Launch of the Proterra AcreTrader Farmland Fund LP
By Lynda Kiernan-Stone
AcreTrader, the leading farmland investment platform at the intersection of agriculture, finance, and technology, announced the launch of the new Proterra AcreTrader Farmland Fund LP – an open-ended investment vehicle focusing on investment-grade farmland assets in key U.S. agricultural regions.
This move comes seven months after Proterra Investment Partners (Proterra) acquired AcreTrader in August 2025.
“This fund launch represents an exciting expansion of the AcreTrader platform following the integration of the AcreTrader team into the Proterra family,” said Rich Gammill, managing partner, Proterra.
Proterra was launched as an alternative asset manager in early 2016 when it was spun off by Cargill’s wholly owned, independently managed Black River Asset Management, which split into three distinct firms – a private equity group, a credit fund, and an emerging markets credit fund.
With its headquarters in Minneapolis, and offices in Singapore, Shanghai, and Sydney, Proterra makes investments across the entire food value chain, from farm to fork. And although the firm has more than $3.4 billion in AUM, and has made direct investments in the U.S. farmland market before, up until their acquisition of AcreTrader, had never managed a fund dedicated to U.S. ag investments.
Farmland is one of the largest U.S. real estate sectors, with farm real estate accounting for $3.52 trillion, or 83.5 percent, of the total value of U.S. farm assets in 2024, according to the USDA. Meanwhile, U.S.farm cash receipts are expected by the USDA to hit $514.7 billion in 2026, and the industry is forecasted to see a CAGR of 4.86 percent to reach a value of $710 billion in 2029, according to Statista.
Since its launch in 2017, Acre Trader’s business model has transformed the farmland investment space with a democratizing hand by providing access to a previously inaccessible asset class while connecting farmers to equity capital.
Over the years, the platform has invested and managed over $311 million in more than 147 U.S. row crop farmland assets totaling 44,000 acres. Likewise, the team has demonstrated strong performance and liquidity having 17 full-cycle realizations across 12 states, returning over $26 million to investors through capital appreciation and lease income.
The two companies explained that under Proterra’s ownership, AcreTrader will be positioned to scale its farmland offerings while maintaining its mission to protect access to the investment class, adding that its customers can expect continued growth of farmland investments through its platform along with new opportunities and resources, thanks to its connection to Proterra.
And here we are. Only a matter of months later, the Proterra AcreTrader Farmland Fund LP is launched as being complimentary to AcreTrader’s established direct farmland investment platform by offering a vehicle that provides increased diversification, negative correlation to financial assets, a modified redemption structure, and a single K-1 for tax reporting. And by leveraging AcreTrader’s direct relationships with professional operators, the fund is targeting attractive, risk-adjusted returns through a combination of capital appreciation, lease income, and potential bonus rent.
Toward this end, the fund generally expects to conduct nearly all of its investment activity through Proterra AcreTrader REIT LLC, a Delaware limited liability company that has been established to qualify as a real estate investment trust (REIT) for U.S. federal income tax purposes.
“The Fund combines Proterra’s decades of institutional fund management experience with AcreTrader’s innovative sourcing and underwriting capabilities,” noted Gammill.
“AcreTrader has an established track record of sourcing, managing, and exiting high-quality farmland for investors. We are excited to leverage our position as one of the largest global food and agriculture asset managers to offer AcreTrader’s expertise to a wider investor audience.”
