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Farmland Is The Surprise Investment With Joelle Faulkner

Lead-Lag Live

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Achieving Growth in Non-Capital Intensive Industries

In addition to the part that they own, farmers earn 10 or 15% of the income and appreciation on everything we own. You see this structure in a really normal way with tech companies where the growth is going to come through scale. In non-capital intensive industries you don't see like hey when you're building a mine the guy running the mine is actually earning part of what that mine produces. It's hard to fund that because you have to convince yourself that the person is doing a valuable enough job to give them some of the upside.

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