Crawford Park

Grow With Us

Agri-real estate has emerged as a compelling uncorrelated investment, offering opportunity for stable income, long-term capital appreciation, and providing an excellent inflation hedge.

ALMONDS+ LLC
(A Permanent Crops Fund)

Urbanization, ever-expanding suburbs, and water scarcity are just some of the factors that are limiting viable farmland. That means we have to produce more food on less land. While the amount of farmland is decreasing, the growing world population and the quick rise of the growing middle class in India and China is pressuring demand for high protein foods. As a result, the demand for almonds is rapidly increasing.

FUN FACT
Almonds help to slow absorption of sugar and carbs. Recent studies show almonds eaten mid-morning can help moderate your blood sugar throughout the day.

Almond Tree Orchard at Sunrise
Courtesy of California Almonds,
The Almond Board of California

About Crawford Park

Crawford Park specializes in sourcing, acquiring, and managing almond orchards offered as partnerships to professional and accredited investors, RIAs, family offices and select institutions. Our team of investment professionals aim to deliver first returns (typically 7%) and long-term capital appreciation with outstanding IRRs (estimated near 13%) for our investors. Our investment process, property selection, farm improvements and management are all designed to maximize consistent returns and long-term capital appreciation.

From 2010-2017, Crawford Park managed more than $75 million dollars of real estate assets for our investors supported by a specialized staff of employees and third party agricultural managers.

OUR LEADERSHIP

We allocated to Crawford to gain an asset uncorrelated to traditional investments. Plus almonds!

Why Almonds?

The growth in almond demand over the last 10 years has doubled shipments of California almonds. Revenue growth in almonds has surpassed grapes as California’s biggest cash crop, pushing it to the number one crop export.

Almonds are an ingredient in today’s health conscious lifestyle. They are front and center as healthy alternatives for many nutritional programs for diabetics, gluten-free, dairy-free and high protein diets, as well as the global weight-loss craze. The trend towards less processed food promotes almond consumption in a variety of ways, including protein snacks, baking flours, milk alternatives and oils. Almond milk has gone from being an alternative use for almonds to accounting for one-quarter of U.S. supply, according to Nielsen data. Its use in butter, having far less fat and more protein than peanuts, has tripled since 2011.

Rising almond prices have resulted in an increase in total almond-bearing acreage to 1,070,000 for leaf-year 2018, as reported by the United States Department of Agriculture (USDA). Demand for almonds over the last ten years, growing at 100 million pounds per year, has outstripped this supply.

Almonds in Shell
Courtesy of California Almonds,
The Almond Board of California

INCREASED CONSUMPTION

According to the California Almond Board, in 2018, the average person consumes 2 pounds of nuts each year, compared to just 1.3 pounds that was consumed in 2008. The global demand for almonds continues to surge as a more affluent middle class grows rapidly in large population emerging countries such as India and China.

LIMITED SUPPLY OF LAND & WATER

About 70% of the world’s almonds come from California. Investing in almonds is considered a hard asset, and potentially lower risk due to the limited supply of appropriate land with the proper water supply, climate, and soil. Today almonds are California’s biggest export surpassing grapes and wine.

Key Investment Takeaways

Constrained LAND Capacity

About 70% of the world’s almond production is concentrated in our focus area in California; where the climate, soil, and environment are optimal for growing almonds.

Water Strategy

As water becomes more scarce and expensive, farmland with a sustainable supply of water becomes a key competitive advantage and is at the core of our investment process.

FUN FACT
Best practices and technology have reduced the amount of water it takes to grow an almond by 33% over the past 20 years (CA Almond Board).

OUR INVESTMENT PROCESS

Growing demand for food coupled with a limited land supply with sustainable water supply, is at the core of our investment thesis aimed at delivering higher long-term returns for both almonds and its underlying farmland.

Our process begins in California’s Central Valley. We take the map of this limited geographic area and overlay satellite images of the water table supply (as illustrated in our investor guide). Ample water is our key for success and we require two independent sources of water to purchase an orchard. We then scour the areas of optimal purchase, seeking the right sized project that is already planted with the right variety of almond trees and has existing professional management, even if we may replace them. Sizing is an important factor as we typically source properties too large for familiy ownership and too small for institutional farm managers.

Understanding the science of water supply, irrigation, and the efficiency of specific California locations is a formula for success.

Once we determine that all of our criteria is met, price is then the final deciding factor. Almond trees have long, productive lives (20-25 years), and the age of the trees is part of our valuation process. Great properties can be managed for long periods of time and deliver strong returns.

 

OUR SELL DISCIPLINE

We exit properties when presented with well above market offers

We choose to roll up several properties and sell them bundled to institutions, REITs, or industrial farmers

We anticipate a change in circumstance such as water supply or environmental conditions

Part of our management is monitoring the water supply, and peer market pricing for any material changes.

Almond Orchard in Bloom, San Joaquin Valley
Courtesy of California Almonds,
The Almond Board of California

ALMONDS+ LLC
(A Permanent Crops Fund)

Deal Terms

Almonds + LLC offers a minimum of 100 units ($5.0 million) and a maximum of 600 units ($30.0 million) of membership interests to accredited investors.

SUBSCRIPTION PRICE:

$50,000 per Unit

USE OF PROCEEDS:

Acquisition of California farmland for permanent crops, primarily almonds.

MEMBERS’ DISTRIBUTION WATERFALL

First Return of Available Cash Flow in respect of any Crop Year of:

  1. six percent (6%) per annum during the period from the date of a Member’s purchase of Units through and including December 31, 2021;
  2. seven percent (7%) per annum during the period from January 1, 2022 through and including December 31, 2024; and
  3. eight percent (8%) per annum subsequent to December 31, 2024.
  4. The Company will establish a reserve fund sufficient to pay First Return distributions for 2 years, partly or in whole.

Available Cash Flow from Operations shall be distributed:

First, to the Members until each Member has received their unpaid First Return for the Crop Year; and Thereafter, (i) seventy percent (70%) to the Members and (ii) thirty percent (30%) to the Manager.

Available Cash Flow Resulting from Capital Events shall be distributed:

First, to the Members until each Member has received aggregate distributions equal to their unpaid First Return; Second, to the Members until no Member has any remaining Net Capital Contributions; and Thereafter, (i) seventy percent (70%) to (i) the Members and (ii) thirty percent (30%) to the Manager.

INVESTMENT DECK

GUIDE

Almonds in Shell and Almond Orchard in Bloom
Courtesy of California Almonds, The Almond Board of California

We have created an overview presentation containing information you need to decide if investing in Almonds+ LLC is right for you. Please download it to discover why we believe this investment opportunity is potentially a great fit for investors seeking strong current income (preferred returns) backed by a hard asset, with a strong likelihood for long-term capital appreciation.

READ NOW


Please contact us after reading to have your questions answered and discuss our offering.

Contact

Crawford Park Farming AG
9301 Wilshire Blvd, Suite #506
Beverly Hills CA 90210

Victor MacLaughlin
Managing Member
804-432-7897
victor.maclaughlin​@c2msecurities.com

Udi Laska
Managing Director
212-492-7028
udi.laska​@c2msecurities.com

Nancy Hament
Managing Director
917-520-3939
nancy.hament​@c2msecurities.com

Robert Malin
Managing Director
646-510-4455
robert.malin​@c2msecurities.com

Name:
Email:
Phone:
Zip Code:
Inquiry: