you mean Corporate farming, Mr Munday?
yes..in 1991 we put together an OM for a limited partnership based on purchasing 40,000 acres of farm land in northern sask. and alberta......the end products were two fold..one farm gate products as a back up but mainly grain and wood for biofuels (ethanol)......our assumptions took into account the activity related to global warming..... back then we actually believed in it....we projected in the neighborhood of a 20% IRR.......however we could not agree on the timing so i went to asia to develop stuff and a couple of the guys bought smaller parcels of land and went forward......i suspect now they are glad they did
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