OTTAWA, Canada, May 16, 2012 – Building on the success of its first limited partnership for farmland investment, Bonnefield Financial today announced the formation of Bonnefield Canadian Farmland LP II.
Bonnefield Canadian Farmland LP II (LP II) will invest in Canadian farmland with a view to achieving stable long-term growth of capital and annual income, while offering lease financing to growth-oriented Canadian farm operators. The portfolio will be diversified across Canada and across different crops and farm operators. LP II is a private, unlisted, limited partnership open to accredited investors who are Canadian citizens or qualified Canadian residents as defined by relevant farmland ownership regulations.
“In Canada, progressive farm operators have a growing need for capital to secure more land to expand their operations in order to remain competitive and profitable,” said Tom Eisenhauer, President of Bonnefield Financial. “We form long-term relationships with these farm operators and work with them to improve farm efficiency, while preserving the integrity of the land.”
As previously announced, investors in Bonnefield Canadian Farmland LP I (LP I) experienced a 10.4% net return during fiscal 2011 and a total compounded return of 14.0% since the LP’s inception in April 2010. In April 2012, Bonnefield announced that LP I will commence making semi annual cash distributions from LP I at a rate of 5.0% per annum. * LP I is closed to new investment and completed its farmland acquisition program in early 2012.
“Bonnefield bridges the gap between investors and farm operators, helping to create value for investors, increase profitability for operators and preserve farmland for farming,” said Eisenhauer.
For more information on Bonnefield Canadian Farmland LP II, contact Marcus Mitchell: firstname.lastname@example.org.
* There can be no assurance that these results will be continued in future or that LP II will achieve similar results to LP I.