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OPINION MATTERS

May 11, 2017
Reuters recently reported that Canada Pension Plan Investment Board (CPPIB) has decided against making further farmland investments.  Is CPPIB’s decision an indication that farmland is a poor investment, or were other fac...

Feb 9, 2017
On February 9, 2017, Bonnefield appeared before the Standing Senate Committee on Agriculture & Forestry.  The Committee is undertaking a "Study on the acquisition of farmland in Canada and its potential impact on the farming sector" A video replay of Bonnefield's remarks can ...

Nov 16, 2016
US farmland prices, particularly in the Mid-West, are moderating and in some places actually declining modestly from their peak in 2013/14.  US farmers have faced headwinds from a strong US dollar, soft USD-denominated commodity prices (particularly for soy and corn) and a continuing drought in some parts of the ...

Mar 28, 2016
Water is a central component of the Canadian farmland investment thesis - indeed Canadian farmland (as distinct from US or other farmland) might be seen as a proxy for investing in water itself for several reasons: Because the impacts of water shortages, droughts ...

Feb 3, 2016
Two back-to-back seasons of high crop yields in 2013 and 2014 increased world stockpiles of several important commodities - particularly corn and soy. Harvests in 2015 were uneven in different parts of the world, but were sufficient to maintain relatively high global stock levels. As a result, corn and soy prices...

Oct 1, 2015
MCSI recently published their quarterly “ Global Quarterly Infrastructure Asset Index ” comparing the returns generated by both listed and private infrastructure classes with other asset classes such as...

Sep 17, 2015
The Royal Canadian Geographical Society has launched an effort to find an official national bird for Canada in time for our country's sesquicentennial celebrations in 2017.  I...

Apr 22, 2015
As Canada's largest farmland investment manager and property manager, Bonnefield has had many requests for comment about Saskatchewan's recently announced review of its farmland ownership rules and the immediate enforcement of tighter regulations pending completion of the review. Rather than respond piecemeal...

Mar 31, 2015
A number of recent reports about population growth, climate change, decreasing crop yields, droughts and farmland loss suggest that these problems are getting worse, not better.  These long-term trends suggest that the farmland investment thesis for Canada is still very much intact: Population grow...

Jan 15, 2015
Believe it or not 2015 has been named “International Year of Soils” by the Food and Agriculture Organization of the United Nations (“UNFAO”).  Surely the UN must have something better to do? Before you roll your eyes consider that, according to a German orga...