Alberta has no restrictions on institutional or foreign ownership of farmland. It has 52 million acres of arable land, comprising 31% of Canadian farmland. Major crops include wheat (48%), canola (23%), and barley (23%). The average farm size is 23 acres.
Description and analysis of federal agricultural policy in the U.S. in 2019. Examining context in terms of current conditions, trade and climate challenges with focus on policy areas of commodity supports, conservation, and crop insurance.
Description and analysis of federal agricultural policy in the U.S. in 2019. Examining context in terms of current conditions, trade and climate challenges with focus on policy areas of commodity supports, conservation, and crop insurance.
Review of federal farm policies in the context of current conditions in agriculture relative to economic, market and environmental factors in anticipation of crafting the 2018 Farm Bill.
Examination of the design and funding of federal agricultural policies, focusing on Farm Bill law within a context of the contemporary economic and political environment.
Economic resilience for local food - Steve DuffLocal Food
How does a local food system create economic value both for its consumers and its producers? How does a shifting global trade environment affect our local food systems? Join this presentation and discussion with OMAFRA’s senior economist.
University of Minnesota, Colloquium in Sustainable Agriculture:
presentation on federal Farm Bill policy. Commodity, conservation, and risk management programs--including CFAP and MFP--in context of current conditions affecting agriculture.
Powerpoint presentation on the 2012 Farm Bill process and agricultural policy and market conditions influencing the legislation. Presented at multiple events throughout Missouri in April and May 2011.
Data and analytics in support of the the idea for a Self-sustaining
Environs for Eliana in Chautauqua County NY as a hedge against erratic weather resulting from global warming
Investments in small scale sustainable agricultureGian Paolo Pezzi
More and Better -Nov 10, 2017
This 32 page report gives an overview of the global situation of investments in agriculture. It provides examples from several countries and present recommendations for future investments in small-scale sustainable agriculture.
The aim of the report is to: Increase knowledge, awareness and discussions about investments in small-scale sustainable agriculture among farmers’ organizations, NGOs, institutions and investors working in agriculture, especially in developing countries, as well as decision-makers and institutions in OECD-countries dealing with official development assistance (ODA).
Contribute to increased public and private investments in small-scale sustainable agriculture.
Presented at the Africa Agriculture Science week in Accra, Ghana on July 17th 2013, during CPWF's side event ‘Engagement platforms for food and water security: opportunities to harness innovation to improve livelihoods and resilience in Africa’
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BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
A proposal to allow the construction of compact farm villages on BC farmland, to enable young people to farm, while restoring community and harmony with nature.
Veripath has over 90,000 (2021) acres across its Canadian row-crop portfolios and its principals have been investing in the Canadian farmland space since 2007, including creating the first RRSP eligible Canadian farmland fund. Minimum and zero tillage methodologies have very high penetration in Canadian prairies (AB, SK and MB). These tillage techniques are accepted to increase carbon/biomass in the soil and are a key component of conservation/regenerative agriculture practices. Veripath portfolios have minimum and zero tillage usages levels that on average are materially higher
than baseline provincial levels
Review of federal farm policies in the context of current conditions in agriculture relative to economic, market and environmental factors in anticipation of crafting the 2018 Farm Bill.
Examination of the design and funding of federal agricultural policies, focusing on Farm Bill law within a context of the contemporary economic and political environment.
Economic resilience for local food - Steve DuffLocal Food
How does a local food system create economic value both for its consumers and its producers? How does a shifting global trade environment affect our local food systems? Join this presentation and discussion with OMAFRA’s senior economist.
University of Minnesota, Colloquium in Sustainable Agriculture:
presentation on federal Farm Bill policy. Commodity, conservation, and risk management programs--including CFAP and MFP--in context of current conditions affecting agriculture.
Powerpoint presentation on the 2012 Farm Bill process and agricultural policy and market conditions influencing the legislation. Presented at multiple events throughout Missouri in April and May 2011.
Data and analytics in support of the the idea for a Self-sustaining
Environs for Eliana in Chautauqua County NY as a hedge against erratic weather resulting from global warming
Investments in small scale sustainable agricultureGian Paolo Pezzi
More and Better -Nov 10, 2017
This 32 page report gives an overview of the global situation of investments in agriculture. It provides examples from several countries and present recommendations for future investments in small-scale sustainable agriculture.
The aim of the report is to: Increase knowledge, awareness and discussions about investments in small-scale sustainable agriculture among farmers’ organizations, NGOs, institutions and investors working in agriculture, especially in developing countries, as well as decision-makers and institutions in OECD-countries dealing with official development assistance (ODA).
Contribute to increased public and private investments in small-scale sustainable agriculture.
Presented at the Africa Agriculture Science week in Accra, Ghana on July 17th 2013, during CPWF's side event ‘Engagement platforms for food and water security: opportunities to harness innovation to improve livelihoods and resilience in Africa’
Barry K. Goodwin
BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
A proposal to allow the construction of compact farm villages on BC farmland, to enable young people to farm, while restoring community and harmony with nature.
Similar to Canadian Farmland - Provincial Fact Sheets (20)
Veripath has over 90,000 (2021) acres across its Canadian row-crop portfolios and its principals have been investing in the Canadian farmland space since 2007, including creating the first RRSP eligible Canadian farmland fund. Minimum and zero tillage methodologies have very high penetration in Canadian prairies (AB, SK and MB). These tillage techniques are accepted to increase carbon/biomass in the soil and are a key component of conservation/regenerative agriculture practices. Veripath portfolios have minimum and zero tillage usages levels that on average are materially higher
than baseline provincial levels
"Show me the incentive and I'll show you the outcome" – Veripath Farmland Funds Q4 Investor Letter: Investing in a World of Financial Repression, Negative Real Rates, Valuation “Challenges” and Inflationary Forces.
Do G7 governments have an incentive to attempt to keep inflation higher for longer and real rates lower for longer? Negative real rates across a broad spectrum of credit assets are a graphic sign that we inhabit a world of financial repression orchestrated by central banks at the formal/informal behest of sovereign borrowers. In a normally functioning market, lenders do not provide capital to borrowers for negative yields – i.e., they do not pay for the privilege of lending. It goes without saying we are not in a normally functioning market.
Veripath Research "As people in the emerging economies of India and China make the transition to western standards of
living there is an often-overlooked issue – their water
consumption is rising dramatically.
Veripath Farmland Partners Research - portfolio optimization using farmland a...Veripath Partners
A review of the Canadian farmland market over the last 30 years reveals: a farmland holding would have improved the financial performance of typical investor portfolios; realized volatility that was lower than stocks; realized returns that were greater than bonds; a low correlation to traditional financial asset returns; and most importantly domestic institutional and retail investors are clearly under-invested relative to efficient frontier analysis.
Are fiscal/monetary conditions affecting the macro thesis for Canadian farmland investments? Do publicly traded equity investments hedge all inflation regimes? Canada's debt to GDP - looming threat or irrelevancy?
Equicapita Announces Acquisition of Majority of CCMETVeripath Partners
Equicapita Income Trust and Equicapita Income LP (collectively “Equicapita” or the
“Fund”) are pleased to announce the completion of the acquisition of a 70% equity ownership of CCMET
Group of Companies, a leading provider of integrated, full service materials engineering and testing
services throughout Western Canada, by an affiliate of the Fund.
Equicapita Reaches $100M in Subscribed Trust Capital Veripath Partners
Equicapita Income Trust announces it has completed the raise of $100M in subscribed preferred trust capital.
Stephen Johnston, a partner at Equicapita reports, "Equicapita is pleased to have passed the $100M mark in subscribed capital. Equicapita is part of a group of innovative Calgary based alternative funds seeking alternative investments. As managers we seek to deliver superior investment returns with lower volatility than public markets through private equity investing that combines strong underlying asset fundamentals and a disciplined value style. In practice we look for investments with: established macro drivers (typically in the form of a favourable supply/demand situation) and: a margin of safety (in the form of discounted asset prices, ability to acquire cash flow cheaply). To date, we have successfully deployed capital in multiple investment strategies via a group of funds – in farmland, SME PE, energy and non-bank lending – and currently have approximately $300M in unlevered AUM.
Agcapita is pleased to announce that Agcapita Fund IV has launched. Agcapita Fund V is a $20 million offering and is the only RRSP eligible farmland investment vehicle in Canada. If you would like to receive information about Agcapita Fund V please feel free to contact us at Fund5@agcapita.com or register online at the Agcapita website.
Stephen Johnston, co-founder of Agcapita, commented "Agcapita believes that prices of Canada farmland, in particular Saskatchewan farmland, are discounted to world averages for a tonne of productive capacity. Part of our investment premise is that this gap will close and with the attention that Canadian farmland is receiving from investors it can obviously happen quite quickly. It is this "margin of safety" return driver that attracted us to Canada and Saskatchewan in the first place.”
Investigating the Long Run Relationship Between Crude Oil and Food Commodity ...Veripath Partners
"Crude oil price is believed to be one of the factors that affect food commodity prices. It is an
agricultural production input, therefore the prices of fertilizer, fuel and transportation are affected by the crude oil prices directly, and subsequently they influence the production of grain commodities. There is another dimension to how oil prices can affect food commodity prices, and it is from the derived demand for biofuels. With rising oil prices, demand for biofuels increase and the production
of these fuel is highly dependent on the availability of agricultural feed stocks. So it is primarily because of the above two dynamics that I want to investigate if there is a long term relationship between crude oil prices and food commodity prices. This is an important issue in present times because of the rising prices and volatility in the oil and food commodity markets. I will try to examine if there exist a cointegrating relationship between crude oil price and food commodity price for the period between 1980 to 2011. The food commodities selected are maize, rice, soybean and wheat. Time Series econometric techniques were applied to find our results. The Engle-Granger Co-integration test revealed that there is long run relationship between crude oil prices and maize, soybean, wheat. But, rice prices were not found to be cointegrated. I also carried out the traditional Granger Causality test to check whether causality exist between the two prices. We find that there is unidirectional causality, with only crude oil prices ‘Granger causing’ each of the four food commodity prices. The reverse was not true, as crude oil prices were not found to be influenced by price of food commodities. So from our results we can confirm the significance of oil prices and the impact it has on the food commodity prices."
VBA Journal: Farmland, Reaping the Reward of IlliquidityVeripath Partners
Farmland is an asset class that provides a legal claim on land, and the agricultural produce that is grown on that land, in perpetuity. The returns from farmland are like those of a perpetual bond, with the proviso that operational farming returns show high volatility, being largely driven in the short term by climatic conditions and commodity prices. Bonds are typically priced at between 20 and 50 times returns, which is consistent with farmland price multiples. In contrast, equities in a moderate growth sector generally trade at a price to earnings ratio of approximately 10, making farmland look less attractive if perceived as a stock. Like other real assets farmland is protected against inflation, as is farm production. Farmland is thus similar to an inflation-protected perpetual bond with a variable yield, where both principal
and coupons are protected against currency depreciation.
Agcapita Update – Canadian Growing Season Lengthens 2 Weeks Over Last 50 Year...Veripath Partners
According to a recent Bloomberg article: "Corn is the most common grain in the U.S., with its production historically concentrated in a Midwestern region stretching from the Ohio River valley to Nebraska and trailing off in northern Minnesota. It had been ungrowable in the fertile farmland of Canada’s breadbasket. That is changing as a warming climate, along with the development of faster-maturing seed varieties, turns the table on food cultivation. The Corn Belt is being pushed north of what was imaginable a generation ago. Growing seasons on the Canadian prairie have lengthened about two weeks in the past half-century.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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• Three (3) key tips to maintain a disciplined workplace.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
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2. COPYRIGHT2022 1
ALBERTA
OWNERSHIP REGULATIONS:
Canadian citizens, permanent
residents, and Canadian-in-
corporated companies under
Canadian control (51%) are not
affected by institutional or for-
eign ownership regulations.
“Farming looks mighty easy when your plow
is a pencil, and you’re a thousand miles from
the corn field.” ― President Dwight D. Eisenhower
“Let us not forget that the cultivation of the
earth is the most important labor of man.
When tillage begins, other arts will follow.
The farmers, therefore, are the founders of
civilization.” ― Daniel Webster
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
52 31% 37% 1.88 1,237
MAJOR CROPS:
1% Lentils
4% Oats
48%
Wheat
23%
Canola
23%
Barley
23
Average farm size
(acres)
3. COPYRIGHT2022 2
OWNERSHIP REGULATIONS:
No restriction on institutional or
foreign ownership. Uses of land in
the Agricultural Land Reserve are
regulated by the Agricultural Land
Commission.
Farmers are at the core of the livelihood of the
world population, without them, the livelihood
of humanity is compromised.” ― Wayne Chirisa
“Becoming conventional is self-defeating in
this business. It’s the kiss of death. We take the
road less traveled by, and that has made all
the difference.” ― Mark Spitznagel
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
7 4% 2% -0.11 353
MAJOR CROPS:
25%
Wheat
25%
Barley
0.24
Average farm size
(acres)
BRITISH COLUMBIA
24%
Soybean
23%
Canola
4. COPYRIGHT2022 3
OWNERSHIP REGULATIONS:
Legislation in Manitoba allows institutional and foreign persons and entities to acquire up to 40 acres of
farmland unless the Manitoba farmland securities board grants an exemption or unless the farmland is
purchased for the purpose of generating wind power for sale to Manitoba Hydro. Only the following persons
may purchase land in Manitoba unrestricted: Canadian citizens and permanent residents; corporations con-
trolled by Canadian farmers and their families; municipalities, local government districts, and governmental
agencies; private corporations and other entities that are 100% Canadian-owned; individuals who establish
to the satisfaction of the Manitoba Farm Lands Ownership Board that they intend to become permanent
residents or Canadian citizens within two years of acquiring the interest in farmland.
“We are all complicit, and farmer-bashing is
not going to help. We need farmers, more than
any other profession. If lawyers, politicians,
bankers, university academics or salesmen
were to somehow disappear tomorrow, I
think the world would muddle through pretty
well. Some things might even get better. But if
farmers were to vanish, most of us would be
dead within a year.” ― Dave Goulson
“ The master’s eye is the best fertilizer. ”
― Pliny the Elder
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
19 11% 8% 1.11 1,192
13
Average farm size
(acres)
MANITOBA
MAJOR CROPS:
5%Barley
9%Oats
9%Corn
9%Soybean
42%
Wheat
25%
Canola
5. COPYRIGHT2022 4
ONTARIO
OWNERSHIP REGULATIONS:
Agricultural land-use planning in Ontario is governed by the 2005
Provincial Policy Statement, issued under the Planning Act. Nei-
ther the policy statement nor the legislation restricts investment
in agriculture land in Ontario. The Minister of Agriculture is re-
quired by statute to review the policy statement every five years.
At present there are no expected policy changes concerning
institutional or foreign ownership of agricultural land.
“He who doesn’t regard agriculture will truly
value it when food becomes scarce.”
― Ernest Agyemang Yeboah
“Cultivators of the earth are the most valuable
citizens. They are the most vigorous, the most
independent, the most virtuous, and they are
tied to their country and wedded to its liberty
and interests by the most lasting bonds.”
― Thomas Jefferson
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
13 8% 6% 1.11 249
MAJOR CROPS:
16
Average farm size
(acres)
57%
Corn
16%
Wheat
25%
Soybean
6. COPYRIGHT2022 5
QUEBEC
OWNERSHIP REGULATIONS:
A corporation or other legal person is deemed to be a Quebec resident if a majority of shares or interests are
owned by Quebec residents; a majority of its directors are resident in Quebec; and it is not directly or indirectly
controlled by non-residents. In considering an application for a purchase of farmland by a non-resident, the
Commission will grant an authorization if: the land concerned is not suitable for the cultivation of soil or the
raising of livestock; or the non-resident intends to settle in Quebec and will live in Quebec for three out of
the next four years and will become a Canadian citizen or permanent resident at the end of that period. The
amendments have also introduced an annual limit on the number of hectares that can be purchased by non-
residents. The Commission may only authorize 1,000 hectares of farmland to be acquired, per year, by foreign
corporations or persons not intending to settle in Quebec, although it may examine additional applications.
“We have neglected the truth that a good
farmer is a craftsman of the highest order, a
kind of artist.” ― Wendell Berry
“I would rather be on my farm than be
emperor of the world.” ― George Washington
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
8 5% 4% 1.1 280
5
Average farm size
(acres)
65%
Corn
23%
Soybean
MAJOR CROPS:
3%Barley
4%Oats
5%Wheat
7. COPYRIGHT2022 6
SASKATCHEWAN
OWNERSHIP REGULATIONS:
Canadian citizens and permanent residents of Canada, and
corporations or membership-based organizations which are 100
per cent Canadian-owned, and are not publicly traded, are eligible
to own Saskatchewan farmland. Non-residents and foreign enti-
ties can own up to 10 acres of Saskatchewan farmland. Entities
that are partially foreign owned but controlled by Saskatchewan
residents or their farming corporations can own up to 320 acres.
“When it comes to portfolios, my personal
advice is for anyone who can, put money into
forestry or farmland. Long term, you would
probably never come near their returns in the
stock market.” ― Jeremy Grantham
“There are two spiritual dangers in not
owning a farm. One is the danger of
supposing that breakfast comes from the
grocery, and the other that heat comes from
the furnace.” ― Aldo Leopold
KEY METRICS:
Arable land
(million acres)
Percent of
Canadian farmland
Veripath portfolio
model weighting
Sharpe
ratio
Total crop production
(million metric tonnes)
68 38% 44% 1.48 1,784
37
Average farm size
(acres)
MAJOR CROPS:
43%
Wheat
30%
Canola
6%Oats
7%Lentils
12%Barley
8. DISCLAIMER
This document is for information only and is not intended to provide the basis of any credit or other evaluation, and does not constitute, nor should it be
construed as, an offer to sell or a solicitation to buy securities of Veripath, Veripath Farmland LP, Veripath Farmland (UR) LP or any other entity, nor shall
any part of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities.
Past performance does not guarantee future results. This document contains statistical data, market research and industry forecasts that were obtained
from government or other industry publications and reports. While Veripath believes this data to be reliable, market and industry data is subject to varia-
tions and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering
process and other limitations and uncertainties inherent in any statistical survey. Veripath has not independently verified the accuracy or completeness
of such data contained herein.
This document may provide addresses of, or contain hyperlinks to, third party websites. Veripath has not reviewed and takes no responsibility whatsoever
for the contents thereof. Each such address or hyperlink is provided solely for the reader’s convenience and the information and the contents thereof are in
no way incorporated into this document. Readers who choose to access such third party websites or follow such hyperlinks do so entirely at their own risk
Forward-Looking Information: This document includes forward-looking information and forward-looking statements (collectively, “forward-looking infor-
mation”) with respect to Veripath. Forward-looking information is provided for the purpose of providing information about the current expectations and
plans of management of Veripath relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. All
statements other than statements of historical fact may be forward-looking information. More particularly and without limitation, this document contains
forward-looking information relating to Veripath’s investment objectives and strategies and its expectations with respect to the benefits of investing in
farmland. Forward-looking information is based upon a number of assumptions and involves a number of known and unknown risks and uncertainties,
many of which are beyond Veripath’s control, which would cause actual results or events to differ materially from those that are disclosed in or implied by
such forward-looking information. Although management believes that expectations reflected in such forward-looking information are reasonable, undue
reliance should not be placed on forward-looking information since no assurance can be given that such information will prove to be accurate. Veripath
does not undertake any obligation to update publicly any forward-looking information other than as required by applicable securities laws.
Our reports, including this paper, express our opinions which have been based, in part, upon generally available public information and research as well as
upon inferences and deductions made through our due diligence, research and analytical process.
The information contained in this paper includes information from, or data derived from, public third-party sources including industry publications, reports
and research papers. Although this third-party information and data is believed to be reliable, neither Veripath Farmland Partners nor its agents (collectively
“Veripath”) have independently verified the accuracy, currency or completeness of any of the information and data contained in this paper which is derived
from such third party sources and, therefore, there is no assurance or guarantee as to the accuracy or completeness of such included information and
data. Veripath and its agents hereby disclaim any liability whatsoever in respect of any third-party information or data, and the results derived from our
utilization of that data in our analysis.
While we have a good-faith belief in the accuracy of what we write, all such information is presented “as is,” without warranty of any kind, whether express
or implied. The use made of the information and conclusions set forth in this paper is solely at the risk of the user of this information. This paper is intended
only as general information presented for the convenience of the reader and should not in any way be construed as investment or other advice whatsoever.
Veripath is not registered as an investment dealer or advisor in any jurisdiction and this report does not represent investment advice of any kind. The reader
should seek the advice of relevant professionals (including a registered investment professional) before making any investment decisions.
Veripath Farmland LP and Veripath Farmland (UR) LP have retained Qwest Investment Fund Management Ltd. to provide certain of its services, including
oversight and approval of net asset value (NAV) calculations, subscription and redemption processes, as well as access to Fundserv Inc.’s platform.
The opinions and views expressed in this paper are subject to change or modification without notice, and Veripath does not undertake to update or
supplement this or any other of its reports or papers as a result of a change in opinion stated herein or otherwise.
#300, 4954 Richard Rd SW,
Calgary, AB T3E 6L1
www.veripathpartners.com
SOURCES
Statistics Canada, CANSIM Database Table: 32-
10-0359-01 (formerly CANSIM 001-0017), Health
of our Soils, Sharpe ratio = (2008-2018) Veripath
analytics, using Risk Free Rate = 3%, Veripath
portfolio model weighting is as of 2021, average
farm size as of 2016, crop production data is 2020
in million metric tonnes, BC census of Agriculture
2006, Alberta Agriculture and Forestry, Statistics
and Data Development Section