Craig Wichner, Farmland LP - Cultivating Wealth with Sustainable Farmland Investing | #480

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 10 May 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s returning guest is Craig Wichner, Founder and Managing Partner of Farmland LP, the largest farmland manager focused on organic farmland, now managing over $250 million in assets and 15,000 acres of farmland. In today’s episode, Craig starts with an update on his company and then shares how higher inflation and the shifting macro environment has affected farmland as an asset class, especially after 2022 when real assets were one of the few assets that didn’t have negative returns. Then we dive into the financials of an acquisition they made of a 4,000 acre, 150 year old farm in Northern California back in 2013 for just under $30 million. Craig walks through the investment and timeline to convert the farm to organic, the benefit of the conversion, and how it helped the farm be re-appraised for just over $75 million last year. Craig shares some great slides during the episode, so if you want to watch on YouTube, click here Listen to Craig’s first appearance in December 2020 here. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription. (New clients only). Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mepp Faber Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Baber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Did the industry regulations, he will not discuss any of Cambry's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion
0:31.1	of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:36.3	Hello everybody.
0:40.7	We're heading back down to the farm today with returning guests Craig
0:43.9	Wichner founder and managing partner of farmland LP the largest farmland
0:48.7	manager focused on organic farmland now managing over a quarter billion dollars in assets and 15,000 acres of farmland.
0:56.2	Today's episode Craig starts with an update on his company and then shares how higher
1:00.2	inflation and the shifting macro environment has affected farmland as an asset class,
1:04.6	especially after 2022 when real assets were one of the few ones that didn't have negative returns.
1:09.9	Then we dive into a case study of an acquisition they made of a 4,000 acre 150 year old farm in Northern California back in 2013 for just under 30 million dollars.
1:19.4	Craig walks through the investment and timeline to convert the farm to organic, the benefits of the
1:24.0	conversion and how it helped the farm be reappraised for just over $75 million last year.
1:29.1	Craig shares some great slides during the episode so if you want to watch it on YouTube
1:33.0	click on the link in the show notes and if you aren't subscribed to our
1:36.1	YouTube channel what are you waiting for almost 15,000 investors are
	...

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