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Jan. 31, 2011 Source: American Farmland Partners sent via AgPR--the news distribution service for agriculture A growing world population, combined with the loss of some 50 million acres of farmland per year globally, a generation of retirement-age farmers, and foreign interest in U.S. farmland has experts very concerned. Enter Nicholas Hindman, an Iowa farm boy and CPA, a financial expert with a flawless record of financial accomplishments. Hindman and his team of agricultural and financial specialists have spent the last 2 1/2 years interviewing hundreds of farmers. They are about to launch two funds that will be using their securities instead of cash to acquire farmland. Since these acquisitions will be done with a security and not cash, farmers avoid a current tax. The partnership concept that Hindman proposes allows participating farmers to continue to occupy and operate their farms, benefiting from the results of their operations and the operations of other farms located in other geographic areas, giving them the liquidity they seek, while enabling investors to participate in the valuable farmland market. Additionally, as part of a publicly-traded consolidation of farmers and land owners, each farm has the potential to become significantly more valuable as all the held farms generate income. Hindman says, "What if you could significantly increase the value of your farm, incur no tax, access the increased value, continue to occupy and operate your farm and own your farm with other farmers like yourself? Why would you sell your farmland to someone else, pay a big tax and forgo any future income and appreciation? " "Other Funds may try to imitate us, but no other Fund in existence has the foothold we have with the farmers. Our Directors are farmers who still farm," Hindman says. "They have thousands of farmers as friends, clients and possible acquisition targets. These men see what has been occurring in agriculture and they believe that independent grain farmers could benefit in much the same way as big ag has, by doing their own consolidation, increasing market share, reducing expenses, and raising revenues and profits. "This group, through collective bargaining and a moderate policy of production and supply control could influence the prices of the commodities they produce and increase revenues for both farmers and cash investors." Hindman says, "We are not going to put farmers off their farms. That's not our business model. Based on the reaction we've already gotten from farmers, we're expecting a great deal of participation." For more information or to schedule and interview with Nick Hindman, please call American Farmland Partners toll-free at 1-866 866-0002 or email info@borstmarketinggroup.com. To read more, click here Tweet |
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