172: Invest in Farmland with FarmTogether CEO Artem Milinchuk

Artem has over 11 years of finance experience in food, agriculture, and farmland. Prior to founding FarmTogether, Artem was employee #1 and CFO/VP of Operations at Full Harvest Technologies, a now post-Series A B2B platform for buying and selling produce. He previously worked at Ontario Teachers' Pension Plan, Sprott Resource Holdings, E&Y and PwC. Artem holds an MBA from The Wharton School, and a BA and MA in Economics from the Higher School of Economics. Listen to ILAB 172 on iTunes here or subscribe on your favorite podcast app.   Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – Thailand / IG @imsammarks Derek Spartz - Venice / IG @DerekRadio   Sponsor: FarmTogether Support Invest Like a Boss: Join our Patreon Discussed: FarmTogether   Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 07:04 – What got you involved in farmland investing? 09:22 – How does it differ to commercial and residential real estate? 11:25 – How does it compare to traditional investing? 14:15 – Does technology help in the challenge of making more food with less land? 16:39 – Why are so few investors in this asset? 20:38 – How can farmland help with an expected inflation in the economy? 21:38 – With the population moving out of the city, is this affecting the availability of farmland? 24:20 – How do you qualify to invest in FarmTogether? 28:23 – What is someone actually buying when investing? 30:54 – How are returns generated? 32:34 – Which is the best crop to invest in? 34:27 – Do the commodities vary in price? 36:11 – Can you get out of the deal early? 36:59 – How does FarmTogether profit from these deals? 37:45 – Can you explain the option of sole proprietorship? 38:41 – Are there any bonuses for investors? 40:23 – What are some really good sources of education on farmland and farming? 42:26 – Johnny and Derek review If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2021. All rights reserved. Read our disclaimer here.