ASSEMBLY CORPORATION, a company incorporated under
the laws of New Brunswick, is the General Partner for FARMLAND ASSEMBLY
LP, a Limited Partnership registered under Limited Partnership Act
of New Brunswick.
The FARMLAND ASSEMBLY LP was formed to acquire farmland that becomes
available on the market and use the acquired farmland to assemble
this farmland into larger blocks. The assembled farmland blocks will
then be made available for purchase by absentee owners.
The farmland is leased to local farmers on an x-bushel of corn per
acre. The number of bushels of corn will then be converted into a
dollar amount by multiplying the total bushels of corn x the current
price of corn listed on October 15thin the current crop year, this
amount would be the ‘Current Year Lease Payment’. The
Farmer has to pay the Current Year Lease Payment in full on October
31steach. This allows the Investor to participate in the marketing
of the crop; however, the production risk stays with the farmer (as
the local specialist in farming). If the Investor prefers a cash lease
$-amount per acre then this is also possible and will be paid on October
31st of the current crop year.
The farmland assembly concept and the Farmers Sale & Leaseback
Program were developed by Canadian Agra more than 30 years ago. Farmland
Investment is still one of the most secure investments on the market
– indeed, ‘secure in equity and secure in income’.