Cultivate Farms established the Cultivator program in 2017 and it is a world- first farm investment incubator.
Over 6 months we help 10 best aspiring farmers develop a farm pitch which will be presented to our investor and any other investor we secure along the way.
During Cultivator we give you the skills and resources to attract investors to go into farm ownership with you. If you are successful, you will form a relationship over a number of months with the investor and then once both parties are comfortable with the farm ownership plan, you will seek your dream farm and purchase it with the investor.
At the end of the 6 months all 10 participants will have developed a:
The investor has some specific requirements about how the farm is selected and its ongoing management - details are outlined in Investor Farm Preferences.
In addition the farm must be based in Victoria or NSW
There are no restrictions in the size, enterprise, amount of investment. However, the farm has to be in Victoria or NSW
1 in 10 chance you will be matched with an investor to co-own a farm together. We will be seeking commitment from additional investors in time for the pitch event.
You will have a high quality, investment ready pitch which you can use to pitch to any investor anytime. The Cultivate Farms team work ongoing to help find the best pathway for farm ownership.
Regular check in from the first successfully matched farmers Claire and Marc Coates.
Sam Marwood, co-founder, will be with you the whole way to make sure you give this your best shot.
Delivered by topic experts, followed up by one on one coaching
Draft farm pitch reviewed by farm investment specialist
You final pitch reviewed by the investor and other potential investors
Lifetime Cultivate Farms premium membership.
Free access to P2P platform worth hundreds of dollars
You become part of the Cultivate Farms family of farms and benefit from our growing impact and attention in the agriculture industry
You live, sleep and breath the desire to own your own farm.
You have proven skills in running your own or someone else’s farm – e.g. lease or farm manager.
You are willing to run your co-owned farm full time if you are successful
You want to pitch a farm located in Victoria or NSW (you don’t have to live in Victoria or NSW but are willing to move)
You have a farm ready to pitch. This farm could either be your family farm, a farm you have been able to get the option to purchase, a farm on the market or a farm not on the market. The aim is to have a real farm that you can develop real numbers and plans for in order to impress the investor. You may or may not be backed onto that particular farm if you are the winner. You will work with the investor to find the best farm depending on your farm’s availability.
You are willing to pay maximum of $4,000 (plus GST) to be a part of the program.
You have investments of your own to put into the arrangement to demonstrate your willingness to share risk and that you have been a good steward of your own money.
You are willing to farm in alignment with the investor’s farm preferences which has a strong focus on improving the environment. Obviously the capacity for every farm to be meet every detail will vary. The main focus is on your intent to align with the requirements and provide suggested alternatives where appropriate.
You are willing for Cultivate Farms to promote you on our social media in order to attract more sponsors and open doors for you with investors and retiring farmers.
We will review and get back in touch about whether you have been accepted into the program.
Cultivator will start once we have confirmed 10 farmers who have met the criteria.
Applications due 15 November 2019
Our focus is on matching you with the investor to ensure you are aligned in your values which will give the farm arrangements it’s best shot.
If you are the farmer who is matched with the investor then you will be guided by advisors to determine the best arrangement for farm ownership.
A good way to understand what the ownership arrangement could look like is to see what was arranged for our first farm match; Freeland Pork.
There are two entities in the partnership. One entity owns the land and one that owns the business (Freeland Pork).
The business pays a lease to the land owner. This amount increases over time at an agreed amount as the business becomes more profitable and moves from scaling to consolidating.
The investor purchased 100% of the land.
The investor invested into the business to allow it scale and the business entity is now 50% share between both parties. This will not change over time - their aim will be to expand the business together.
The business puts all profits into a savings account with the aim for the business entity to buy the land off the land entity in 3-4 years time. This will be through a combination of debt and savings. In this way, the business entity will have 50/50 ownership of the business and the land. Then both parties will move into an expansion model to grow the business and land footprint even further as deemed best by both parties.
The farmers also get a wage and accommodation.
These arrangements are all documented and signed off, including a land option agreement, lease and shareholders agreement (advised by lawyers)
Cultivate Farms sit as the Chair of the Board and facilitate monthly meetings. They also provide ongoing support and advice to the business including trouble shooting, support with grants, finding expert advisors, social media support, social media magnification, finding media stories, motivation and mentoring and deal negotiation between the parties.
P2PAgri is powerful business management software for farmers and their advisers.
With P2PAgri, you can develop key performance trends and benchmarks for your farm business.
You can test plans and decisions with Scenario Analysis to maximise profitability. Plus, you can improve risk management and business resilience to build a more sustainable future.
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Impact Ag manages land assets and supply-chain production systems on behalf of international and domestic investors.
Impact Ag identifies investment opportunities, conducts due diligence, implements business planning then monitors investor returns.
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