January 29, 2014 08:46 ET
OTTAWA, ONTARIO--(Marketwired - Jan. 29, 2014) - Bonnefield Financial today announced a second closing of Bonnefield Canadian Farmland LP III ("LP III") with a total of $261,000,000 of commitments from Canadian investors, exceeding its original target of $200,000,000.
LP III is the largest Canadian limited partnership for investment in farmland. LP III will be used to provide Canadian farmers with land-lease financing to help fund their growth and their succession plans as well as to help them reduce debt and improve profitability. Investors in LP III will have exposure to a Canada-wide portfolio of farmland with the goal of generating stable long-term growth of capital and annual income.
Bonnefield is Canada's only national farmland investment management and property management company with more than $320 million under management. To date Bonnefield's partnerships have secured approximately 35,000 acres of farmland for farmers located in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick.
Our goal is to protect the integrity of "farmland for farming" while increasing its long-term value for investors. We do not operate farms, rather we work with local Canadian farm operators to help them grow, reduce debt and diversify their assets while promoting good farming practices and wise business choices. We provide individuals, family offices and institutional investors with opportunities to invest in Canadian farmland for long-term capital appreciation and income.
Bonnefield is headquartered in Ottawa, Canada with offices in Toronto. For more information visit www.bonnefield.com.
Lisa Courtney LloydBonnefield Financial Inc.+firstname.lastname@example.org
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