2024 has been a pivotal year for us in terms of laying the groundwork for future growth. With Saskatchewan farmland continuing to demonstrate strong underlying fundamentals and interest rates trending towards a more accommodative outlook, the stage is set for prudent acquisitions in 2025. Our strategic focus on consolidating and expanding our portfolio of farmland assets underscores our commitment to operational excellence and fostering long-term value for our investors and the agricultural communities we support.
Farmland
Since the launch of the Avenue Living Agricultural Land Trust (ALAL) in 2016, the case for investing in farmland has become even more clear. From inception, ALAL has grown to manage assets across Saskatchewan, which is home to more than 40% of Canada’s cultivated farmland. To replicate our success in the agricultural space, we launched Tract Farmland Partners LP (Tract) in late 2022, which has grown to $32.9 million in assets under management. The tenant farmers of both funds produce a range of row crops, including grains, legumes, and canola — basic staples that meet global demand.
COMBINED FARMLANDASSETS UNDER MANAGEMENT
$
0
M
Farms
0
COMBINED ACRES UNDER MANAGEMENT
0
Annualized return
SINCE INCEPTION
SINCE INCEPTION
0
%
*(Class A – Avenue Living Agricultural Land Trust)
Note: Returns net of fees, inclusive of reinvestment of distributions. Figures presented for the year ended December 31, 2024
Investment Strategy
Initiated in 2016 and 2022 respectively, ALAL and Tract provide investors with the opportunity to participate passively and indirectly in the consolidation of farmland in Saskatchewan.
Tract seeks to generate returns for investors via the capital appreciation and leasing of its portfolio of land holdings, as well as through value-add capital improvements and the strategic use of leverage.
2016
Inception of Avenue Living Agricultural Land Trust
2022
Inception of Tract Farmland Partners
Leif Snethun
CEO, Avenue Living Agricultural Land Trust & Tract Farmland Partners LP
AVENUE LIVING AGRICULTURAL LAND TRUST
CALENDAR RETURNS
Class A
2021
18.04%
2022
19.69%
2023
12.61%
2024
11.39%
Annualized Returns
Class A
1 Year
11.39%
3 year
14.50%
5 year
15.53%
SINCE Inception
12.17%
Note: Returns net of fees, inclusive of reinvestment of distributions. Figures presented for the year ended December 31, 2024.
TRACT FARMLAND PARTNERS
CALENDAR RETURNS
Class A
2023
7.50%
2024
8.28%
Annualized Returns
Class A
1 Year
8.28%
2 year
7.89%
SINCE Inception
7.69%
Note: Returns net of fees, inclusive of reinvestment of distributions. Figures presented for the year ended December 31, 2024.
Tract Farmland Partners
- Product Type
- Limited Partnership
- Target total return (10 Year)
- 10% - 14% per annum (net of fees)
- Target Distributions
- N/A
- Subscriber Limitations
- Canadian Citizens & Permanent Residents
- Purchases
- Monthly
- Redemptions
- Quarterly*
*Subject to restrictions. Figures presented as at December 31, 2024.
Key Acquisitions
Interactive Map
Hover over numbers to view
key acquisitions.