AcreTrader: Warden Lake Farm

Crowdfunding real estate investment platform AcreTrader launched an offering for a row crop farm in Grant County, Washington. 

The offering represents the opportunity to invest in Warden Lake Farm, a 102.7-acre property growing wheat, beans, corn, potatoes and other crops. Grant County is a dense agricultural region with over 2,500 farmers, making it the highest crop-producing county in the state and 11th nationwide. The region lies in the basin of the Columbia River Valley, an area that generates more than $3 billion in agricultural production annually. 

The Warden Lake area has significant agricultural infrastructure and the property comes with an abundance of water resources. The farm is irrigated by two center pivots in addition to the property holding a permanent surface water allotment in the East Columbia Basin Irrigation District. The region also boasts six potato processors and several fresh-pack facilities that will aid the local operator in crop cultivation and sales. 

Warden Lake will be leased to a local farmer beginning in 2024 at a rate of $627 per irrigated acre, equating to $52,041 in annual income generated from the lease agreement. 

• Minimum investment: $15,000
• Target internal rate of return (IRR): 8.4%
• Target gross cash yield: 3.9%
• Target investment term: five to 10 years

The investment window opened on the AcreTrader website on June 7th.

Since its inception, AcreTrader has been one of the premier farmland investing platforms in the market. The platform enables average investors to buy into a lucrative market with historically strong returns. 

Investment in farmland often acts as a hedge against inflation. Aside from the appreciation of the land itself, passive income is generated from the sale of cultivated crops. The farmland investment index has seen a positive return since its inception in 1990.

View details on AcreTrader’s offerings

Photo courtesy of AcreTrader