Madison County, Iowa
SPV Larsen Farm, LLLP
CROPS / USDA Organic - Soybeans & Corn
MINIMUM INVESTMENT / $5000
LEVERAGED TARGET IRR / 7.9%View Details
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How It Works
COORDINATE WITH OPERATOR
MONITOR FARM PROGRESS
BUILD CASH RESERVES
Following the selection of a farm, a special purpose entity is formed to establish a contract with the landowner. In 30–90 days, the mAgma team conducts due diligence on the asset, develops a business plan for the farm, and prepares the offering.
Investors use mAgma’s online portal to purchase shares in the farm entity through the following steps:
- + Limited Partnership Units are available at a price of $1.00 per Limited Unit. The minimum purchase ranges between 1,000 and 10,000 Limited Units, or a $1,000 - $10,000 minimum investment. Additional purchases can be made in 1 Limited Unit increments ($1.00 increments).
- + Through the online platform, investors will create an account, establish investor credentials, browse farmland offerings, review offering documents, and submit payment.
Peoples Company’s management responsibilities will include oversight of soil health, agronomy, water drainage practices, optimal crop rotations, and government crop insurance acquisition; consulting with the farm operator, and implementing sustainable farming practices in order to optimize farm efficiencies and socially responsible practices. mAgma will manage all aspects of entity administration and property management.
4Building a Return
Farmland offerings are managed according to the developed business plan for maximum land appreciation. Limited Partners will receive annual rental income that is used to satisfy the farm’s annual operating expenses. Any income note used to pay annual operating expenses will be held in cash reserves to be distributed to investors in an amount proportional to their interest in the farm.