FarmTogether Review: Should You Start Farmland Investing?

FarmTogether Review: Should You Start Farmland Investing?

Today, we’re going to talk about FarmTogether. Is this investment platform good for you? Let’s find out in this FarmTogether review.

Real estate is considered to be one of the more recommended investments to make today. That’s because no matter what, the value of your real estate investment is always expected to go up as time passes.

Not only is it a good addition to your investment portfolio, but it also has the potential to let you earn passive income.

Usually, when we think of investing in real estate, we automatically think about investing in subdivision lots, condominiums, or various kinds of houses.

But there’s also one type of real estate land that’s very viable to add as an investment. And that is a farm lot. After all, farms are important for food production.

Of course, not everyone can afford to buy their own farm, much less a large one, unless they’re really rich. And this is where the FarmTogether investment comes into play.

But before you decide to join this investment platform, it’s much better if you read this FarmTogether review first. So that you can decide for yourself if this is worth the time and money for you, or not.

As a disclaimer, this is a fully independent FarmTogether review, based solely on my own observation and honest opinion. Furthermore, I’m not affiliated with FarmTogether or any of its personnel, so you won’t be expecting any affiliate links of this here.

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FarmTogether Review: Program Details

  • Name: FarmTogether
  • Website: https://farmtogether.com/
  • Type: Investment Platform
  • Niche: Real Estate
  • CEO: Artem Milinchuk
  • Investment Minimum: $15,000
  • Recommended?: If you can meet the requirements for investment eligibility, then yes. It’s worth joining here. Unfortunately, those requirements are very steep. Thus, not anyone can join this platform even if they want to.

What Is The FarmTogether Program?

FarmTogether

FarmTogether is an investment platform that assists interested individuals who want to invest in a farmland real estate. Using a real estate crowdfunding approach, the program allows an investor to invest in a farm, without having to own the farmland themselves.

Real estate crowdfunding is when you, and several other investors, invest in a single piece of real estate that’s offered by an entity. In FarmTogether’s case, you and several others are basically investing your money on a farmland that FarmTogether offers for you.

The main advantage of this is that you can add a piece of real estate to your investment portfolio. Even if you don’t have the huge amount of money needed to buy a farmland for yourself.

Aside from the investment platform itself, FarmTogether also contains a good amount of educational content for those not familiar with farmland real estate investing. While it’s not on the level of a full educational course, it’s still good enough for people to help them understand the subject matter, as well as give them an idea of what they are investing in.

Keep in mind, however, that real estate investment still has a rather high entry barrier. Even though this is promoted as something that you can start with a “low capital”, not everyone can still afford the tens of thousands of dollars needed for this investment.

Furthermore, most real estate crowdfunding platforms like FarmTogether have some strict requirements to be eligible for this investment. Thus, while this is a good opportunity, not really everyone can benefit from it.

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FarmTogether Review: Brief History & Personnel

The FarmTogether platform was first started in 2017 by a team of four people. Among the founders is its current CEO, Artem Milinchuk.

FarmTogether - Artem Milinchuk

They have raised a total of $3.7 million worth of venture capital funding, with the most recent financing taking place last July 16, 2020 (according to their profile at Crunchbase)  Currently, the platform is managed and run by several people who are experts in various fields related to food, agriculture, and farmland investing.

Artem Milinchuk himself also was formerly the vice president of operations for Full Harvest Technologies, a business-to-business platform for purchasing and selling surplus produce.

How Does FarmTogether Work?

FarmTogether 2

As explained before, FarmTogether acts as a platform on which you can invest on a farmland real estate.

Basically, FarmTogether looks for farmland properties all over the United States, especially those that need financing. The property they’ll choose for this purpose depends on a number of investment criteria that they set for themselves.

These include, but is especially not limited to:

  • Kinds of crops they produce
  • Location of the property
  • The operator’s ability and experience to manage the farm.

While they can scout for farmlands on locations all over the U.S., FarmTogether seems to prefer areas across the pacific northwest and in greater California. Because it’s said that farmlands in these areas benefit the most from good weather conditions, optimum soil quality, and an excellent water supply.

Once FarmTogether has located a farmland that’s suitable for their criteria, they then proceed to either buy or lease it from the owner. And once the deal is closed, it’ll now be listed on their platform for potential investors like you to access.

FarmTogether also profiles each of the investment opportunities they show on the platform so that investors can choose based on their needs. Aside from the crops they produce, each farmland also contains information like:

  • Target Investment Rate of Return (IRR)
  • Holding Period
  • Cash Yield
  • Total capital that investors have already committed to the investment.

By taking note of these profiles, investors can then make an educated decision on which farmland should they invest on in the platform.

Once you invested in the farmland, you’ll then get a share of that farmland of your choice. Usually, you’ll only get a share that’s based on the amount you invested. However, it’s also possible for you to invest enough to own the entire farmland, provided you have the money for it.

Requirements For Investing In FarmTogether

All of these benefits comes at a bit of a price, however.

To be eligible to invest in FarmTogether, you need to be an accredited investor. To qualify, you must meet the SEC’s Accredited Investor definitions:

  • Earn an annual income of over $200,000 per year for the last two years ($300,000 per household) with the expectation of maintaining that level of income this current year.
  • Have a net worth of greater than $1 million (individually or jointly), excluding the value of a primary residence.
  • Invest as a bank, an insurance company, registered investment advisor, business development company, or small business investment company.
  • Investing as a business in which all the equity owners are accredited investors.
  • Invest as an employee benefit plan, a trust, charitable organization, partnership, or company with total assets over $5 million.

It’s easy to determine that, due to the steep requirements of FarmTogether, it’s not really that easy to get started into this investment venture.

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How Much Does The FarmTogether Investment Platform Cost?

Signing up on the FarmTogether platform is completely free. However, aside from the money you’re going to use for the investment, you’ll also be charged additional fees.

These additional fees differ from property to property. But in general, these are the fees that you need to take note of once you begin an investment.

  • Various Transaction Fees
  • Annual Management Fee
  • A 2% Upfront Cost (paid only one-time)
  • A yearly charge between 1 percent and 2 percent goes to the partners managing the day-to-day farm operations.

Most of these fees are stated in the documentation for each farmland investment. Therefore, it’s of great importance that you inspect those first before making your own investment. On occasion, some may even incorporate profit sharing for the farmland managers, with varying degrees of percentage.

Additionally, there’s actually a minimum amount of investment you can make with FarmTogether. Anything lower than that, and you won’t be able to invest. The minimum amount can vary, but it’s stated to be around $15,000 to $50,000.

How Much Can You Earn From FarmTogether?

FarmTogether - Cows

The amount of earnings that you can get from FarmTogether depends on how much you invested in the farmland.

But according to recent statistics, FarmTogether provides an average cash return of around 7% to 13%. And the cash yield that you can receive here is something along the lines of 3% to 9%, depending on your annual net payout and investment.

Of course, there are several factors that could affect the profitability of the farmland you invested in. But most of them will depend on the amount and quality of the crops harvested.

In the best conditions, chances are, you may earn even more than that. But there are also some conditions (especially harvest is very bad) on which you may not even earn anything at all.

These are just worst-case scenarios, however, as there are usually fallbacks in place in order to ensure that the crops continue to produce a stable harvest.

Pros And Cons Of FarmTogether

Pros

  • Gives you an opportunity to invest in a farmland real estate, even with minimal capital.
  • Gives you also the possibility of either investing in an entire farmland, or just a portion of it.
  • The platform will manage the farmland you invested on your behalf.
  • Investing in a farmland yields a good amount of ROI, compared to other real estate investments.

Cons

  • The requirements for investing on FarmTogether are very steep. to the point that it’s almost inaccessible to casual investors.
  • On rare occasions, some farmlands may not generate the expected returns due to natural conditions. In the worst-case scenario, some farms may fail.

Should You Join FarmTogether?

FarmTogether - Farms 1

Personally, if given a chance to invest in any real estate, having a farmland property is one of the best investments one can make. And FarmTogether is a good platform to do that.

It’s viable right now because as we all know, farms are very important for our food production. And given the current state of affairs today, especially our population, the food and agricultural sector are even more important right now.

Thus, having an investment in these sectors is very likely to make good returns, because of how in-demand these sectors are.

And unlike some real estate investments, the pandemic situation will only have little effect on your investment returns, if any at all.

The only downside of this is that, just like in any kind of real estate investments, investing in a farmland is extraordinarily expensive.

You’ll need tens of thousands, even hundreds of thousands of dollars in order to get started investing. Due to this, it’s quite obvious that not everyone can start this investment venture.

Further, as with all kinds of investments, it still has plenty of risks. Here, however, the risks can be caused by factors way beyond your control.

If your farmland real estate is affected by natural disasters, usually by pests, drought, or catastrophic weather, then you will have to wait until the next harvest to be able to hopefully regain your losses. In the worst-case scenario, the farm you invested in may even be sold to other parties, sometimes at a loss.

Therefore, the important thing to do here is that, before you start investing, always do your own research. And make sure to assess the risk that you’re able to take should any of these events happen.

Alternatives To FarmTogether?

Real Estate

The only real alternative to FarmTogether when you’re looking to invest in farmland real estate, is AcreTrader. It’s basically similar in concept to FarmTogether, but has a lower minimum investment.

Compared to FarmTogether, however, it doesn’t have comprehensive education on farmland real estate investing.

If you want some completely different ideas for making money in the real estate industry, then you can try some of the courses of Noelle Randall, Bob Diamond‘s Overages Blueprint, and even Pace Morby’s Subto.

But today, it’s so much better to invest in digital real estate which you can use to make money. So for this reason, it’s much better to invest in something that teaches you how to build your business on that platform.

FarmTogether Review: Final Thoughts

Closing off this FarmTogether review, I would like to share some final thoughts about this program.

Beastpreneur Final Thoughts

For me, investing in farmland real estate is only suited for retiring employees. The main reason for this is that it’s really expensive. You’ll need to have a huge amount of capital to even be qualified for this investment venture.

But arguably, the return of investment that you can get here, coupled with the fact that there’s a good potential for earning passive income from this, makes FarmTogether a good investment platform to get into.

Still, it’s definitely not an investment venture that anyone can do. Basically, you have to put up a good amount of hard workload, and especially a lot of money, to succeed in this.

And if you’re able to put with that, you might as well just start a system that actually lets you earn money directly. Fortunately, I’m also here to offer you something that has worked for me quite well.

If you can’t invest in physical real estate, then try the next best thing: Digital Real Estate. If you want to know more about it, keep on reading beyond this FarmTogether review.

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Thank you for reading this FarmTogether review.

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