Masters in Business

Ceres Partners CIO Brandon Zick on How Private Equity Invests in Farmland

14 snips
Nov 7, 2025
Brandon Zick, Chief Investment Officer at Ceres/Saris Farmland Funds, transitions from a dairy farm upbringing to the world of private equity. He shares insights on investing in farmland while highlighting its unique attributes as an asset class, such as its zero vacancy and inflation-hedging benefits. Brandon discusses the importance of strategic land selection and secondary revenue streams like solar and timber. Finally, he reflects on the evolving landscape of agricultural technology and the challenges faced by operators in this essential sector.
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ANECDOTE

From Dairy Farm To Finance

  • Brandon Zick grew up on a dairy and crop farm and hated the idea of farming full-time.
  • He used that background to pivot into finance and later farmland investing where his skills fit better.
INSIGHT

Farmland Has Near-Zero Vacancy

  • Farmland is unique because nearly all arable acres are actively farmed each year with almost zero vacancy.
  • Institutional ownership remains tiny (~3%), leaving large inefficiencies and opportunity for active managers.
INSIGHT

Row Crops Are 'Dirt' With Optionality

  • Row-crop farmland is essentially ownership of dirt with optionality on crops planted year-to-year.
  • That makes it a cleaner inflation hedge and income asset compared with permanent-crop investments.
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