David Chan - COO and Founding Team Member of FarmTogether
Show Notes
Summary
Welcome back to another episode of the Startup Junkies Podcast!
In this week’s episode, Caleb Talley, Jeff Amerine, and Matthew Ward talk with the COO and a Founding Team Member of Farm Together, David Chan. FarmTogether is capitalizing on a never-before-seen opportunity in the farming industry. With many family farms being sold to outside ownership, FarmTogether allows regular people to make safe, stable farmland investments. David talks to the hosts about making farmland more accessible, international investment, the importance of climate change initiatives, and much more. Thanks for tuning in!
Shownotes
(1:15) Introducing David Chan and FarmTogether
(7:27) Making farmland more accessible
(12:38) What do returns look like through FarmTogether?
(17:23) COVID-19’s effects on FarmTogether
(23:52) International investment in farmland
(28:26) Brokers’ response to FarmTogether
(31:24) David’s climate change conviction
(37:18) Advice for the younger self
(40:12) Wrap up
Links
Quotes
“Farmers who have invested in efficient operations, efficient water, efficient planting densities, and new varietals are still operating in the black. And so that’s what’s very positive here because it means we believe that the future is very bright.”
(21:45)
“I really can’t overstate how large of a transfer of ownership is underway and expected to take place over the next 20 years. The USDA actually projects 70% of all US farmland is going to trade hands over the next 20 years. And it's, you know, I think it’s equivalent to about 500 million acres. I think that’s twice the size of Alaska.” (27:04)
“We’re very proud to announce that we have 100% of our acres in a program called Leading Harvest, which is a broad sustainability standard for farmland investors in the United States.” (34:56)
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