FarmTogether: Platform Profile

FarmTogether is a farmland investment manager and platform offering several ways to own or gain exposure to U.S. agricultural real estate.

Its current product range spans dramatically different capital levels:

• crowdfunded farmland from $15,000
• Sustainable Farmland Fund from $50,000
• tenancy-in-common interests from $500,000
• bespoke whole-farm opportunities from $3 million
• separately managed accounts from $20 million

Those products should not be collapsed into one "FarmTogether investment."

They differ in ownership, diversification, liquidity, customization and 1031 eligibility.

May fit better for

• accredited investors seeking farmland
• investors who want individual farm selection
• investors seeking a diversified farmland fund
• high-net-worth investors seeking TIC/1031 structures
• institutions/families seeking customized farmland portfolios

May fit less well for

• non-accredited investors
• investors needing daily liquidity
• investors seeking a low-minimum retail product
• investors unwilling to hold real assets for many years
• investors who cannot tolerate agricultural and climate risk

Ownership and management structure

FarmTogether, Inc. was incorporated in 2017.

Investment properties are managed through its wholly owned FarmTogether Management LLC.

FarmTogether's current FAQ states that its investment vehicles are structured as real-estate-focused funds and that ordinary investment-adviser registration requirements do not apply to the platform in the same way they would to a conventional securities adviser.

FarmTogether is not an SEC-registered robo-advisor.

Eligibility

Current FarmTogether retail/private products generally require accredited-investor status.

Crowdfunded offerings are offered under Regulation D Rule 506(c).

Some products add further requirements. For example, the Sustainable Farmland Fund requires accredited status and U.S. person status under the current product matrix.

International accredited investors may be eligible for certain other products subject to compliance restrictions.

Product 1 — Crowdfunded farmland

The current minimum is $15,000.

The investor purchases a fractional interest in a private entity that owns a farm.

The investor is not personally deeded a specific percentage of the acreage.

The current target hold period is 8–12 years.

Target returns published on marketing materials are projections, not guarantees.

Crowdfunded economics

Fees vary by specific offering.

Current product materials identify common structures that can include:

• one-time administrative/acquisition fees
• annual management fees
• performance fees
• property expenses

Permanent-crop and row-crop deals can use different economics.

There is no universal FarmTogether crowdfunding fee. Offering documents control.

Income

Farmland cash flow can come from lease arrangements, where a farmer/operator pays rent, or from direct-operated farms, where investment returns depend more directly on crop operations and commodity economics.

Payments can be quarterly, semiannual or annual depending on the investment.

Distributions are not guaranteed.

Product 2 — Sustainable Farmland Fund

The current public product page shows a $50,000 minimum.

This $50,000 figure is the current product-page minimum and controls over older FarmTogether pages that still reference a former $100,000 Class A minimum.

The Fund is:

• private
• open-ended/evergreen
• diversified across farmland
• intended for accredited U.S. persons

Current liquidity structure

The Sustainable Farmland Fund has a 2-year initial lockup, with quarterly liquidity after the lockup subject to fund terms and availability.

Quarterly liquidity is not guaranteed liquidity.

Repurchases/redemptions can be subject to:

• gates
• available cash
• fund limitations
• suspension

The Fund is not liquid.

Fund-fee source conflict

Some older FarmTogether fee documents still pair the former $100,000 Class A minimum with:

• 1.25% annual management fee
• 2% acquisition fee
• 15% incentive fee over a 6% cumulative hurdle

Current public product material now advertises a $50,000 minimum.

Because the minimum changed while older fee documentation remains public, the old $100,000 minimum is not treated as current, and the exact current fee schedule is offering-document-controlled. Historical/currently published fund materials disclose those fee components, but current subscription documents control.

Product 3 — Tenancy in Common

The current TIC minimum is $500,000.

A TIC investor obtains a direct co-ownership interest in farmland rather than a fractional fund/SPV interest.

Current benefits can include:

• direct real-property ownership
• 1031 exchange eligibility
• property-specific selection

Tradeoffs include:

• $500,000 minimum
• property concentration
• limited liquidity
• real-estate operating risk

Product 4 — Bespoke farmland

The current minimum is $3,000,000.

FarmTogether can source and structure an entire farm around an investor's criteria.

Customization can include:

• geography
• crop type
• leverage
• income profile
• risk/return preference
• capital structure

This is closer to private real-estate asset management than crowdfunding.

Product 5 — Separately Managed Accounts

The current minimum is $20,000,000.

SMAs can provide multi-property customized farmland portfolios.

These are designed for institutional-scale or very high-net-worth capital, and are not relevant to the ordinary $15,000 crowdfunding investor.

Minimum spectrum

This table is more useful than describing FarmTogether as simply a "$15,000 farmland platform."

Diversification math

At the $15,000 crowdfunding minimum:

• 1 farm = $15,000
• 4 farms = $60,000
• 8 farms = $120,000

That does not mean eight farms create sufficient diversification.

It demonstrates why the $50,000 diversified fund can solve a different portfolio problem from choosing individual properties.

1031 exchanges

Current FarmTogether structures support 1031 exchange strategies through:

• qualifying TIC interests
• qualifying bespoke ownership structures
• other eligible real-property structures

Crowdfunded offerings and the Sustainable Farmland Fund are not generally 1031 exchange products.

Retirement accounts

FarmTogether maintains integrations/relationships with self-directed retirement providers including firms such as:

• CamaPlan
• Entrust
• Equity Trust
• other compatible SDIRA providers

FarmTogether is not the IRA custodian.

Using retirement funds does not eliminate:

• accreditation
• investment risk
• custodian fees
• prohibited-transaction rules

Agricultural risk

Farmland returns depend on more than land appreciation.

Important risks include:

• drought
• water availability
• groundwater rules
• crop disease
• fire
• flooding
• labor
• crop prices
• farm operators
• irrigation systems
• climate patterns
• soil
• tree/vine maturity
• input costs
• export demand

Water risk deserves particular attention in permanent-crop investments.

A productive orchard can become impaired if sustainable water access deteriorates.

Valuation

Private farmland does not have continuous market quotes.

Valuation can rely on:

• appraisals
• comparable farmland transactions
• expected operating cash flow
• crop economics
• land quality
• water rights
• regional market conditions

A quarterly NAV or appraisal is not the same as a cash sale price.

Liquidity

FarmTogether investments are private.

Crowdfunded farms generally rely on eventual property sale.

The Sustainable Farmland Fund offers structured periodic liquidity only after its lockup and subject to fund restrictions.

TIC and bespoke ownership can also take substantial time to sell.

Investor protection

FarmTogether farmland interests are not bank deposits.

They are not FDIC insured.

Private placement regulation does not guarantee performance.

Investors can lose capital because of:

• farm operating losses
• property declines
• leverage
• climate events
• manager error
• crop failure
• illiquidity

Assessment

FarmTogether is broader than most farmland crowdfunding platforms.

At the lower end, an accredited investor can select an individual farm with $15,000.

At $50,000, the Sustainable Farmland Fund offers diversified exposure.

At $500,000 and above, TIC and bespoke structures start to resemble private wealth real-estate solutions.

At $20 million, the platform serves institutional SMA mandates.

That breadth is useful, but farmland remains an illiquid operating real asset. The investment case depends on crop economics, property quality, water, operator performance and eventual exit value—not simply historical farmland appreciation.