Fortify Your Portfolio with a Real Asset
Ranchland's balance of appreciation, yield, and defensiveness can enhance the portfolios of individual, family office, and institutional investors. Subscribe for news of coming ranch offerings.
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The fractional equity model
How Does it work?
Land title is placed into its own legal entity (LLC)
Ownership is divided into shares per a governing LLC agreement
Shares are sold to accredited investors through Our web portal
The original hard asset
A High-integrity investment
Agisle ranch shares are contract-based, asset-backed, and cash-yielding.
Consistent appreciation
US agricultural real estate has appreciated at an annual rate of +5.9% since 1970*
USDA began distinguishing Pasture from Crop land in 1997
“Pasture” and “ranch” are synonymous: Native grassland suitable for livestock grazing
PASTURE
CROP
Annual appreciation since 1997*
+5.2%
+5.8%
Avg annual rental yield*
1-2%
3-4%
Total return target
+6-8%
+8-10%
Forward discount rate assumption
+7%
+9%
Historical price performance
* Source: USDA National Agricultural Statistics Service (NASS)
Note: USDA categorizes all agricultural real estate as Farmland.
Avg US Pastureland Total Return 1997-2023
Total return = annual appreciation + rental income
* Source: USDA NASS and Bloomberg.
Past performance is not indicative of future results.
Risk-adjusted returns
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One YoY decline since 1997
As an asset class, US ranchland has delivered returns similar to the S&P500 index with a fraction of the risk
Return efficiency >2x that of US equities
PASTURE
S&P500
Compound annual total return since 1997*
+6.5%
+7.0%
Annualized volatility*
6.4%
18.1%
Ratio of return ÷ volatility
1.01x
0.39x
Ranchland deserves consideration within a balanced portfolio allocation
Target: Ranchland value
10 USDA regions
Northeast, Appalachia, Southeast, Lake, Corn Belt, Delta, Northern Plains, Southern Plains, Mountain, and Pacific
Q: What accounts for price variance?
A: Livestock carrying capacity (productivity)
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The pooling of capital opens up better value opportunities for fractional land investors
PPA VS. PPAU
Source: USDA NASS, Univ of Nebraska
Agisle identifies ranch value by two key attributes:
Price per acre (PPA)
Price per animal unit (PPAU)
PPAU is the price of the ranch divided by the number of animal units it can carry. It’s a measure of the productive value of the land (similar to a P/E ratio for a stock).
By targeting commercial-scale properties that score favorably on PPA and PPAU vs. USDA regional averages, it’s believed Agisle offerings can conservatively achieve a +7% compound annual total return over a 5Y time horizon, with inflation protection.
Fees & Terms
Investors pay a one-time 5.5% platform fee.
There are no management fees, capital calls, nor debt obligations. You buy the land; you own the land.
Agisle will engage an experienced livestock operator in a multi-year lease agreement to provide reliable dividend income.
Due to SEC regulations, Agisle ranch offerings are limited to accredited investors only. See criteria here.
Tax and insurance expenses are deducted from gross dividends.
Liquidity: 5-year target term, tender offers, and secondary markets.
Upon exit, a 20% incentive fee will be assessed if, and only if, the realized compound annual total return exceeds an +8% hurdle rate. See FAQ for more info.
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Agisle is a fiduciary, NOT a broker
We provide an integrated, turnkey solution:
The right property
The right cattle manager (lessee)
The right stocking & grazing plans
Diligent oversight & reporting
Value drivers (managed grazing)
Exit discipline
There is cost, risk AND expertise in bringing ranch opportunities to market.
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