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Brandon Webber

Area One Farms featured in PE Hub’s Buyout Magazine

This year, Area One Farms is launching not one, but two new funds to increase our ability to partner with Canadian Farmers who need to expand their farming operation. Featured in Pe Hub’s Buyout Magazine, Joelle Faulkner says,

Area One Farms Fund IV is targeting C$250 million (US$194.4 million) from institutions, with room to raise around C$100 million more.
A cornerstone commitment of C$100 million has been secured from a Canadian institution. The fund has a 10-year term.
Fund V is aimed at Canadian individuals and structured as a permanent-capital vehicle, with liquidity options starting in year five.
It will seek C$50 million to C$100 million to invest in Manitoba and Saskatchewan, where laws limit the ability of institutions to purchase farmland. Faulkner hopes to hold first closes in the summer and to wrap up fundraising by year’s end.

Both of these funds allow us to continue growing our vision to help family farms in Canada. Especially Fund V, which allows us to partner with farmers in Saskatchewan and Manitoba. Joelle Faulkner continues,

The idea is to help farmers expand or keep their operations in the family, Faulkner explained.
“Either you’re retiring and you have no kids interested [in farming], in which case you want to sell,” she said. “Or you’re retiring and you have three kids interested, so you have to triple the farm size, and you need so much capital.”
Because Area One’s partners earn income and appreciation on the part of the property they don’t own, “unless they could do it really, truly on their own, they’re better o with us than any other method.”

Follow this link to read the full article: Buyout Magazine May 9, 2018

Joelle Faulkner featured in Women in Ag’s Quarterly Journal

Joelle Faulkner featured in Women in Ag’s Quarterly Journal

Joelle Faulkner was recently included as a Woman to Watch in the latest issue of Women in Agribusiness‘ quarterly journal. When asked what advice she’d give for someone following her path, she says:

“Every time you say yes to something, you need to say no to something else, so it is important that you decide what is critical for success. In our case, it was critical to determine how to share value between our farm partners and our investors in a way that creates value so that both parties end up better off than they were without the other. Maintaining that view and partnership structure, however, has not been easy because much of the world operates with the idea that more for me has to be less for you.”

Follow this link to read the full interview: Woman in Agribusiness Q1 2018