Backstage Capital is working to make farmland more accessible.
FarmTogether is a technology-enabled investment platform that provides users with more access to farmland and today (May 4), they’ve announced a partnership with venture capital firm Backstage Capital with one goal in mind — increasing farmland investment properties to those who wish to utilize it.
“As an asset class, U.S. farmland boasts a total value of $2.7 trillion,” said Backstage Capital’s Founder and Managing Partner, Arlan Hamilton in an exclusive press release shared with AfroTech. “Yet, only around 1% of the dollar value of all farms is financially backed or owned by funds, publicly traded companies, or high net-worth individuals. This has resulted in a highly fragmented and overlooked market.”
The Backstage Capital investor community will soon have access to exclusive farmland investment properties which will capture both organizations’ shared values of not only accessibility but diversity and inclusivity too.
Through its online marketplace, FarmTogether gives people the chance to invest in United States farmland. The technology-powered company has also created an end-to-end platform that allows investors to do all of the work strictly online.
This includes browsing carefully vetted farmland investments, reviewing important materials, investing in properties, and securing the deal by signing legal documents — all in a safe and secure online environment.
“FarmTogether leverages data-driven, proprietary technology to tap into this market and generate greater access to farmland investment opportunities across the country,” continued Hamilton. “FarmTogether is excited to work with Backstage Capital and take their vision one step further by sourcing properties located in or operated by underrepresented and underestimated communities.”
Through the Backstage and FarmTogether partnership, each offering will be specified in a way that captures both company’s brand identity and values.
Features include enhanced access to the asset itself, scholarships funded through a portion of the rental or operating income generated from the property which will be granted to selected farmworker(s) and/ or their children, and more.