Veripath Expands Portfolio with New Farmland Acquisition

Veripath Partners has announced the acquisition of approximately 3,800 acres of Canadian farmland, thereby bringing its total land holdings across all funds to about 138,000 acres. This move is in line with Veripath’s investment strategy of targeting competitively priced farmland markets for long-term gains. The company's co-partner, Omnigence Asset Management, manages assets of around $1 billion, allocated between private equity and farmland investment portfolios. Veripath operates on the belief that farmland offers significant value due to factors like competitive pricing, diversification benefits, and inflation hedging capabilities, driven by increasing global demand for agricultural products. The firm divides its Canadian market operations into two geographic areas to better manage regulatory compliance related to farmland ownership. This acquisition reflects Veripath's strategic objectives to invest in Canadian markets due to their advantageous productivity-adjusted farmland pricing.