Wall Street is buying our farms
Orion Magazine Presents: Buying the Farm
Photo courtesy of Mark Renz
Dean Kuipers dives into Wall St's speculative invasion of farm country and talks about alternatives that seek to improve farmers' land tenure, not shake it up, projects like Iroquois Valley Farms, which are, he says,
"...a radical alternative to institutional investors—a radically profitable alternative, he is quick to point out, as his company is making “over a double-digit return on an annual basis, since the inception.” That would put it on par with the institutional funds, which are averaging, according to de Lapérouse, somewhere from 7 to 12 percent annual returns."
Read article here: https://orionmagazine.org/article/buying-the-farm/