Bonnefield Financial Inc. (Bonnefield), a leading farmland investment management firm with over $900mm of Assets Under Management (AUM), today announced that it has received an A rating from the United Nations Principles for Responsible Investing (UNPRI) Strategy and Governance module for the sixth year in a row. Bonnefield became a signatory to UN-PRI in December 2014, the first farmland investment management company in Canada to do so.
This announcement corresponds with the release of Bonnefield’s 2020 Sustainability Report which can be found here.
Bonnefield Financial Inc. announced the third closing of its Bonnefield Canadian Farmland LP IV with new commitments of $80 million. These additional commitments, from both new and existing investors, bring LP IV’s total committed capital to date to $211 million.
“Our goal is to generate stable long-term growth of capital and annual income while protecting and enhancing farmland for farming. That both new and existing investors committed to this funding round, is a testament to the success of LP IV and of Bonnefield’s business model in supporting Canadian agriculture,” said Tom Eisenhauer, Bonnefield’s CEO. “Our farmland lease solutions have proven attractive to more than 100 of Canada’s leading farmers, who want to retain control of their operations while working with a long-term financial partner to help them grow, reduce debt and aid succession and transition. We’re excited to see where LP IV will go in the future.”
With the new commitments to LP IV, Bonnefield’s total assets under management increases to more than $650 million across three active funds. Bonnefield continues to grow by focusing on high-quality farmland and a broad diversity of crops and regions. Bonnefield now has approximately 100,000 acres, operated by more than 100 farmers across Canada.
Bonnefield Financial Inc. has completed a second round of financing for its Bonnefield Canadian Farmland LP IV. A new $70 million commitment from a large Canadian pension plan brings the total committed capital for LP IV to $130 million, and this total is expected to grow further in the coming months.
“This new commitment from one of Canada’s largest institutions shows the attractiveness of Bonnefield’s business model.” said Tom Eisenhauer, Bonnefield’s CEO. “Canadian farmers use our long-term, farmland sale-leaseback solutions to grow, reduce debt, and help transition their farm to the next generation. At the same time, our approach produces consistently attractive, low-risk, low-volatility returns for investors. And best of all, it enables us to ensure prime farmland across Canada is protected for farming use.”
With the new commitment to LP IV, Bonnefield’s total assets under administration now exceed $500 million across three active funds. “Our asset growth is the result of strong interest from both institutional and high-net-worth investors in farmland as an attractive, inflation-hedging investment.”, said Eisenhauer. “Bonnefield’s scale has enabled us to assemble the most diversified, highest-quality farmland portfolio in Canada, with approximately 100,000 acres coast-to-coast, farmed by 70 Canadian farm families who grow a broad range of crops including grains, pulses, vegetables, potatoes, fruit, and specialty crops.”