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Leah Penniman

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Backstage Capital, FarmTogether Announce Partnership To Make Farmland More Accessible

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....

May 4, 2021