Farmland LP

1. 1Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Farmland LP
ROI of Sustainable Agriculture

2. 2Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
• Farmland LP converts conventional farmland to sustainable, certified
organic farmland
• Founded in 2009
• Own 10,000 acres, $110 million in assets
• 50-person team includes farm and finance professionals
Farmland LP Overview
Attractive returns and a positive impact on our food system and the world
World’s 50 Most Innovative
Companies
Fast Company, 2014
Best for the World
B Corp
2013, 2014 & 2015
Top 50 Asset Managers
Worldwide
ImpactAssets
2013, 2014 & 2015

3. 3Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Farmland LP Adds Value
• Price premiums for products grown
using organic and sustainable
practices
• Livestock and crop rotations increase
revenue, soil fertility and land values
• Diversity of crops improves resiliency
of farmland and reduces crop risk
• Economies of scale by aggregating
farmland acreage
• Strategic relationships with
processors, producers and
distributors
Scaling up sustainable agriculture
PASTURE CROP
Multi-tenant crop
and livestock
rotations
PASTURE VEGETABLES
GRAINS & SEEDS

4. 4Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Organic Demand Far Exceeds Supply
“We cannot get
enough organics to
stay in business day in
and day out”
- CEO Craig Jelinek,
2016 shareholder meeting

5. 5Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Demand for Organic Cropland Far Exceeds Supply
• Organic food sales =
$43 billion (5% of all
US food sales)
• Shortfall in organic
farmland = $80 billion
opportunity
Certified organic cropland required to grow certified organic food
Source: Goldman Sachs Conference – Sprouts Farmers Market; Market Nutrition Business Journal, Organic Trade Association, US Dept. of Agriculture ERS 2009
Growth of Organic Market
Exceeds Farmland Conversion Rate
5.5%
1.2%
0%
1%
2%
3%
4%
5%
6%
MarketShare

6. 6Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Farmland Market Size
$2.4 trillion market size is comparable to other classes of commercial real estate
$2.4
$3.0
$2.4
$2.2
$2.1
$1.8
$0.4
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
TotalMarketValue($Trillions)
Source: USDA ERS, CoStar Group, Green Street Advisors Commercial Property Price Index (CPPI), and World Bank. 2013 value of CRE calculated by Farmland LP from Costar and CPPI.
Total Market Value of US
Commercial Real Estate
$25 Billion (1%)
Institutionally Owned
$240 Billion - $1 Trillion
Changing Hands Over
Next 10 Years
$2.4 Trillion Farmland Market

7. 7Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
Benefits of Sustainable Agriculture
Certified organic cropland required to grow certified organic food
Source: USDA Agricultural Marketing Service, Rodale Institute
141% 154%
263%
302%
503%
234%
Organic foods command
significant price premiums
• Organic foods command a 50%
to 200+% price premium
• Increased financial results
• ~3x more jobs created per acre
• Environmental benefits
• Enhanced society

8. 8Confidential and Proprietary | © 2016 Vital Farmland Fund II, LLC
For more information:
Craig Wichner
Managing Director
Craig@FarmlandLP.com
(415) 465.2400
www.FarmlandLP.com
Thank
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