In light of the current crisis, the importance of a diverse investment portfolio has become more apparent than ever. This means not only having a range of investment options, but also a variety of asset classes, as some have shown to be more recession-proof than others. Investing in international agriculture is proving to be a strong fail-safe, and today’s guest, Dax Cooke, is here to share his insights into this unique investment opportunity.
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In this episode, we find out more about Dax’s transition from financial services to the world of agricultural investing. Dax sheds light on the different agribusiness investment opportunities Farmfolio has from a packing house to a sawmill and even an integrated sales channel. They look for opportunities both in real estate and the agricultural supply chain. We also learn more about the Cayman deal structure Farmfolio uses along with hold times and expected returns. Dax also walks us through some of the most common investor concerns he hears and what they do to mitigate these. Along with this, we discuss international investing benefits, how Farmfolio has crowdfunded over $15 million, and much more. If you’d like to hear more about the exciting possibilities that international agribusiness investing brings, this is the show for you.
Key Points From This Episode:
- Learn more about Dax’s background and how he came to work in the agribusiness sector.
- How investing in agriculture compares to multifamily investing and the difference in yields.
- The structure of Farmfolio’s agribusiness deals and why they use a Cayman Island model.
- Some of the benefits of international investing and why the margins are so attractive.
- An example of a current Farmfolio deal, the hold time, and projected returns.
- The most common investor concerns when investing in foreign-based operations.
- Find out more about how Farmfolio communicates with investors.
- How Farmfolio has been successful at global capital raising and what they’ve learned from it.
- How diverse market channels have helped Farmfolio get through the pandemic.
- A recent business improvement, the number one contributor to Dax’s success, and giving back.
[bctt tweet=”Farmland, in the US, just the land component of it, has outperformed every other asset class according to the NCREIF Index, which is the farmland index. In Latin America, it’s even greater than that. — @CookeDax” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Dax Cooke
As the Founder of Farmfolio, Dax Cooke has always had big ideas and lofty goals. After graduating from the University of Alabama, Dax entered the wide world of financial services, where he successfully founded and exited multiple startups. In 2014, after spending a decade in the financial services industry and co-founding an INC 500 Fin-Tech company, Dax moved to Panama City, Panama, where he developed a passion for agriculture and the Farmfolio concept was born. After visiting Colombia in 2015, Dax moved the company to Medellín and launched the first Farmfolio office in the famed Ruta N incubator. Farmfolio set out with the goal of creating value throughout the agriculture supply chain by connecting stakeholders around the world to unique opportunities in emerging markets. Dax follows a strict process-based business strategy that stems from his financial planning background. In addition to graduating from The University of Alabama with an undergraduate degree in Finance, Dax received advanced education in Financial Planning from the University of Georgia and later received the Certified Financial Planner designation. During his financial services career, Dax was named to the NAIFA 40 under 40 list 3 consecutive years. Today, Dax lives in Medellín, an international business hub and symbol of Latin America’s bright future. In his rare moments of free time, he enjoys watching Alabama football, traveling, and spending time with his family. Dax spends a large portion of his time on the road, and whether he’s in Asia, Europe, Latin America, or the United States, Dax is consistently focused on ensuring Farmfolio and its stakeholders are maximizing opportunities across the supply chain.
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