OTTAWA, CANADA--(Marketwire - Feb. 5, 2013) - Bonnefield Financial today announced the closing of its second Canadian farmland investment partnership, Bonnefield Canadian Farmland LP II (LP II). The $22,500,000 raised for LP II 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 II will have exposure to a Canada-wide portfolio of farmland with the goal of generating stable long-term growth of capital and annual income.
The closing of LP II follows on the success of Bonnefield Canadian Farmland LP I (LP I). In September Bonnefield announced that investors in LP I experienced a 10.4 per cent return during the first six months of 2012. More than 25 percent of the funds raised for LP II came from previous investors in LP I.
As with Bonnefield' s LP I, 100 per cent of the investors in LP II are Canadian citizens who are accredited under relevant securities regulations. Both LP I and LP II are private, unlisted limited partnerships.
"Our climate, plentiful water supplies, access to international markets, quality soils and the sophistication of our Canadian farmers gives them a competitive advantage over farmers in many other parts of the world at a time when demand for their produce is booming" said Tom Eisenhauer, Bonnefield's President. "Their biggest challenge is access to the capital needed to help fund their growth, consolidation and succession. The success of LP I shows that there is a strong demand among Canadian farmers for land-lease financing, and LP II will enable us to provide even more capital to growth-oriented Canadian farmers. "
"We are especially pleased with the ongoing support we received for LP II from our existing investors, which shows that the Bonnefield model works for both farmers and investors."
Bonnefield is Canada's only national farmland investment management and property management company. Our goal is to protect the integrity of farmland while increasing its long-term value. We work with 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 through pooled limited partnerships and individually managed accounts for long-term capital appreciation and income. Bonnefield is headquartered in Ottawa, Canada with offices in Toronto. www.bonnefield.com
* There can be no assurance that these results will be continued in future or that LP II will achieve similar results to LP I.