Farmland LP Announces Investment from Microsoft’s Climate Innovation Fund to Support Regenerative Agriculture
September 11 2024 - 10:30AM
Business Wire
Microsoft’s Climate Innovation Fund to Invest in Vital Farmland
III, LLC (Fund III)
Farmland LP, the largest fund manager in the U.S. focused on
organic regenerative farmland, is pleased to announce an investment
from Microsoft’s Climate Innovation Fund in Farmland LP’s third
value-add fund, Vital Farmland III LLC. Farmland LP will develop
Soil Carbon Credits on its 18,500-acre farm portfolio and expand
the market for regenerative soil carbon credits. This work will
also include preparing the necessary protocols, a critical step
towards increasing regenerative agriculture practices globally to
sequester vast amounts of atmospheric CO2 as mineralized soil
carbon.
“Farmland LP’s use of regenerative agriculture practices to
ensure healthy soils, and therefore high-quality soil carbon
credits, is a critical element of advancing nature-based carbon
removal solutions,” said Erika Basham, director of Microsoft’s
Climate Innovation Fund. “We’re excited to invest in their fund and
work with them to create a more sustainable agriculture sector.
“This investment from Microsoft is a significant milestone for
Farmland LP and the broader regenerative agriculture sector,” said
Craig Wichner, Founder and Managing Partner of Farmland LP.
“Microsoft’s investment in our Fund III is a powerful validation of
our approach to regenerative agriculture, and this capital will
allow us to acquire additional properties and increase our fund’s
economic and environmental returns.”
Microsoft's investment aligns with its commitment to
sustainability and innovation. Farmland LP will package carbon
credits from diverse regenerative agriculture practices, which it
expects to generate using Verra’s Verified Carbon Standard, the
foremost carbon program in the world. This work is instrumental in
demonstrating that regenerative practices provide economic benefits
to farmers and thus accelerating the sequestration of carbon in
soils on agricultural lands worldwide, driving the necessary work
to prioritize the carbon credit market’s focus on regenerative
agriculture, establish and standardize carbon credit protocols, and
promote sustainable farming practices.
Farmland LP is currently raising capital for its $250M Vital
Farmland III, LLC. For more information about Farmland LP and Fund
III, contact irteam@farmlandlp.com.
About Farmland LP
Farmland LP is the largest fund manager in the U.S. focused on
organic regenerative farmland. Founded in 2009, Farmland LP manages
over 18,500 acres of high-quality farmland in Washington, Oregon,
and California, with more than $300M AUM over three funds.
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Media Contact: Ian Murphy ian@farmlandlp.com (310)-689-6397
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