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Veripath Partners: Our Canadian farmland investment fund focuses on non-operated row crop farmland with productivity pricing discounts, positive productivity trends and low productivity volatility. Veripath provides consistent returns with infrequent drawdowns, low return volatility and can be an effective public equity replacement in traditional portfolios.

With the edge provided by a unique portfolio construction and investment screening model we have identified farmland markets with material productivity adjusted pricing discounts, positive yield trends and low historic yield volatility. This has enabled us to outperform our benchmark since inception, with no down quarters and low return volatility.

We have been investing in farmland since 2007 with consistent outperformance against our benchmark. We seek to provide superior absolute and risk adjusted returns linked to farmland price disparities and overall agriculture commodity demand. Farmland has demonstrated compelling financial characteristics – low volatility, consistent nominal rates of returns, and low correlation to many traditional investments. We have built a proprietary portfolio construction, investment screening, monitoring and reporting platform – TerraFIRST.

Veripath Canadian farmland managers sitting in a meeting discussing about farmland investment

Key Highlights:

Macro Drivers

Population growth, emerging market socio-economic growth & dietary changes, land losses, regional water scarcity and inflation/stagflation are farmland’s high level macro drivers. Global crop production must double by 2050, farmland in exporting markets is an investible proxy for water scarcity and farmland generates high real rates of return, particularly in stagflation market conditions.

Discounts

Our proprietary investment screening models have identified a number of developed markets with material productivity adjusted pricing discounts. Locations where crop growing capacity can be acquired at material discounts to global market averages.

Portfolio Benefits

Robust diversification, volatility reduction, capital preservation, high real return consistency, recession and inflation hedging, aggregate portfolio leverage reductions and increased liquidity are the key benefits that farmland allocations bring to traditional portfolio construction. Farmland is a unique non-depreciating real asset that is discounting the production of an infinite series of crops with inelastic demand curves.

Management Track Record

The management team has consistently beaten farmland benchmarks since 2007 without a material in the risk behavior of the portfolios. Returns were generated with very limited leverage. Net returns to investors for the last 5 years have consistently exceeded 10%. Portfolios are valued quarterly by independent, third-party appraisers.

Proven Technology & Processes

We have built a complete investment screening, portfolio construction and monitoring platform – TerraFIRST. TerraFIRST includes a highly scalable monitoring system using satellites, AI, online farmer reporting and recurring agrology. All data electronically is channeled into a central data repository with a business intelligence layer containing over 200 KPIs and millions of data records with verified ground truth.

Risk Mitigating Approach

We do not operate farms, and we do not invest in permanent crops. Operations introduce short term commodity price volatility into returns for which investors are not typically compensated reducing Sharpe ratios. Permanent crops come with excess CAPEX intensity, weather risk, water dependency and labor requirements. We have tools and processes to measure and mitigate weather risk, valuation risk and farming practices risk using online farmer reporting, verified with highly accurate satellite, AI and agrology monitoring. We aim for a portfolio with the deepest productivity discounts, the most positive production trend, the lowest historical production volatility with operator and geographic diversification.

Fund Details:

Fund Structure

Veripath’s Canadian farmland strategy is held through two sister limited partnerships: Veripath Farmland LP, which invests in Saskatchewan and Manitoba, and Veripath Farmland (UR) LP, which invests across the rest of Canada. The split exists to simplify compliance with provincial farmland ownership rules. The strategy is open-ended rather than a fixed-term vehicle.

Investor Eligibility

Units are offered on a private placement basis in Canada to accredited investors, and to eligible investors under an Offering Memorandum. Farmland exposure is available inside Canadian registered accounts, including RRSPs and TFSAs.

Minimum Investment

The minimum investment is $1,000. This minimum may be waived by the Manager at its sole discretion. Fees and the complete terms of the offering are set out in the Offering Memorandum.

Liquidity

The strategy provides annual redemption rights. Farmland is a long-duration real asset, and the strategy is intended for investors who do not require immediate liquidity from their investment.

Frequently Asked Questions

What is Veripath Partners?

Veripath Partners is Omnigence Asset Management's evergreen, non-operated row crop farmland strategy focused on Canadian farmland.

How does Omnigence select farmland investments?

The strategy uses a proprietary portfolio construction and investment screening model designed to identify markets with productivity-adjusted pricing discounts, positive yield trends, and low historic yield volatility.

How does Omnigence monitor farmland assets?

Omnigence uses TerraFIRST, a proprietary platform for portfolio construction, investment screening, monitoring, and reporting.

How long has Omnigence been investing in farmland?

Omnigence has been investing in farmland since 2007.

What is farmland investing?

Farmland investing involves acquiring agricultural land as an alternative asset class. Investors gain exposure to land values and to income from leasing the land to farm operators. Omnigence's thesis is that a farmland allocation can contribute diversification, volatility reduction, capital preservation and inflation hedging to traditional portfolio construction.

Is Canadian farmland a good investment?

Investors allocate to Canadian farmland for exposure to land values and to income from crop leases. Omnigence's stated thesis is that farmland contributes diversification, volatility reduction, capital preservation, and recession and inflation hedging to traditional portfolio construction, and that its macro drivers include population growth, dietary change in emerging markets, land loss and regional water scarcity. Farmland is a long-duration, illiquid real asset, so whether it suits any particular investor depends on their objectives, time horizon and liquidity needs.

What is an RRSP-eligible farmland fund?

An RRSP-eligible farmland fund allows Canadian investors to hold farmland investments within their Registered Retirement Savings Plans (RRSP) or similar registered accounts. Omnigence launched Canada's first RRSP-eligible farmland vehicle in 2007, enabling investors to gain tax-advantaged exposure to agricultural real assets.

How does technology improve farmland investment management?

Omnigence's TerraFIRST platform leverages AI-driven satellite monitoring, agronomic data analysis, and over 200 KPIs to optimize farmland portfolio management. This technology enables real-time monitoring of crop health and land use, farmer-reported data validation through satellite imagery, risk alerts for agronomic issues, and data-driven decision support for land management optimization.

We provide LPs with access to a unique farmland strategy and asset selection that we believe will outperform as productivity adjusted pricing discounts mean revert. Farmland has stable macro drivers coupled with portfolio enhancing characteristics.