FarmTogether, Backstage Capital join forces to generate grater access to diverse farmland investments

David Chan, COO, FarmTogether: "We were drawn to Backstage Capital because of their attention to raw talent in underrepresented and underestimated communities; in many ways, this focus largely overlaps with our investment thesis for farmland. As a diverse company whose leadership is majority-represented by persons of color and women, our organizations think alike, and together, we will create shared value."

Each Backstage x FarmTogether offering will be differentiated in a manner that captures the core values of both Backstage and FarmTogether. For example, some of the features of a Backstage-FarmTogether offering may include:

• The inclusion of people of color, women, and/or LGBTQ+ members as offering parties;
• Properties located in a pre-defined area of historical significance - examples could include plantation lands, Homestead Acts lands, and other historically or culturally significant land;
• Properties that fall within Opportunity Zones census tracts as defined by the Tax Cuts and Jobs Act of 2017;
• Scholarships that are funded through a portion of the rental or operating income generated from the property to be granted to a selected farmworker(s) and/or their children
• Enhanced access to the asset itself, including greater connectivity to our operating partners, processors, and/or Backstage-only farm tours

Arlan Hamilton, Founder and Managing Partner, Backstage Capital: "Through partnerships with forward-thinking tech companies like FarmTogether, we're creating the framework that empowers a growing community of investors to catalyze real change in underestimated markets. We're giving more and more people a seat at the investing table. That's what this is all about."

As an asset class, U.S. farmland boasts a total value of $2.7 trillion. Yet, only around 2% 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.

FarmTogether utilizes data-driven, proprietary technology to tap into this market and generate greater access to farmland investment opportunities across the country. The company will work with Backstage Capital to take their vision one step further by prioritizing racial, gender, and cultural diversity, and by leveraging these larger, more representative communities to drive greater change.

Artem Milinchuk, Founder and CEO, FarmTogether: "With access to the Backstage community, we're enabling a larger number of people to have a say in our food system, climate change, and the general wellbeing and future of humanity. This partnership is key to not only fulfilling our mission to support sustainable and prosperous farming but also to radically democratize farmland investing. We're reaching new investors to create impact through a transformational asset class. I find that incredibly exciting."

farmtogether.com