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Farmers don’t always fit traditional banking models who typically require smooth, historic and profitable earnings. While banks currently lend over $140B to Australian agriculture, farmers are often underserved due to bank lending restrictions, regulations and inefficiencies.

Farmers can sometimes be ‘asset rich’ but cash constrained or simply fall outside mainstream parameters and this provides opportunities for forward looking, agricultural private credit investment opportunities.

The world needs to eat. With a growing global population, urbanisation and income growth, food security is critical and demand for quality produce is rising. Australia plays an important role with 55% of Australian land use being agricultural, across 170,000 farms, employing 300,000 people.

Australian farm production exceeded $100B in FY26 (ABARES report) and over 70% is typically exported. Australian agriculture is renown for the quality of its agricultural products being clean, green and traceable with strict bio-security measures.

The availability of private credit is critical in driving productivity and keeping farmers on the land. Australian farmland is a valuable and highly sought after asset class.

Click on ‘Invest Now‘, download the Information Memorandum and complete the investment application. Once approved you will be issued units and you will start receiving monthly distributions. Wholesale investors only.

FarmCap has been panel appointed via a rigorous compliance process with national firms and specialist agricultural valuation teams which include PRP, HTW, JLL and CBRE. This provides us with national coverage and scope.

We invest at conservative LVR’s on an ‘as-is’ basis based on independent valuations for mortgage reliance purposes.

Investors can participate immediately in the Diversified Fund. It is ‘open ended’ with monthly subscriptions, monthly distributions and provides access to a diversified pool of loans in line with the investment parameters outlined in the Information Memorandum.

The ‘Direct’ fund enables investors to co-invest and participate in individual deals subject to availability. Typically for existing, experienced or larger size investors who already have portfolio diversification. Please register your interest. A special class of Units are issued for direct deals and this is governed by our independent trustee. Investing in an individual deal provides direct exposure to a specific loan with matching liquidity.

All deals are within the same risk parameters.

Adding the FarmCap Diversified Fund serves as a useful diversification layer rather than simply increasing exposure to the same underlying credit risk.

Collectively, existing exposures provide strong income generation from corporate and property-linked credit, but they remain broadly tied to financial conditions, corporate balance sheets and property market cycles.

This is where FarmCap can complement the existing lineup.

The Portfolio Role of FarmCap

The FarmCap Diversified Fund introduces agricultural asset-backed lending, which provides a differentiated risk driver relative to the rest of the portfolio. Key distinctions include:

Sector diversification
FarmCap’s lending is secured against productive agricultural assets and farm cash flows, which tend to be driven by commodity cycles, land values and seasonal production rather than corporate earnings cycles.

Collateral profile
Loans are secured against farmland, water entitlements and agricultural assets, creating a different collateral base from the real estate, corporate and structured credit exposures currently in the portfolio.

Low correlation with traditional credit
Agricultural lending historically demonstrates lower correlation with corporate credit spreads and public market volatility, which can help smooth portfolio income through different economic cycles.

Inflation linkage
Agriculture benefits structurally from food demand growth and commodity price cycles, which can provide some natural inflation sensitivity compared with fixed-rate corporate lending.

– Feedback and insights from Foresight Analytics

In our assessment (Foresight Analytics), we found the strategy compelling for several reasons:

Exposure to an Underserved Lending Market

FarmCap operates in a structural funding gap created by tighter bank lending conditions following the Royal Banking Commission. Many high-quality farming businesses require short-term funding solutions that traditional banks are unwilling or unable to provide. FarmCap’s specialised underwriting allows it to service this niche while maintaining conservative security structures.

Strong Asset-Backed Credit Framework

Loans are secured against agricultural land with conservative loan-to-value limits typically below 65% for first mortgages, providing a meaningful equity buffer and a focus on downside protection.

Specialist Origination and Due Diligence

Founder Jonathan Weinstock and the investment team have built a strong origination network across Australia’s farming sector and maintain a highly hands-on approach, including mandatory on-farm borrower visits and detailed credit analysis prior to investment decisions.

Attractive Risk-Adjusted Income Opportunity

The strategy primarily focuses on short-term loans (typically 6–24 months) secured by rural property, allowing investors to access private credit yields supported by tangible real assets.

For advisers, multi-manager funds and CIO’s seeking diversified income strategies with low correlation to traditional equity and bond markets, agricultural private credit may offer a compelling addition to client portfolios.

-Feedback and insights from Foresight Analytics

FarmCap is committed to industry leading standards and best practice guidelines as recommended by the recent ASIC 820 report (November 2025) and portfolio disclosures outlined in the ASIC 814 report (September 2025). FarmCap undertakes quarterly reporting as part of its obligation and commitment to the ongoing compliance and supervision framework as a CAR under AFSL 510735.

Additional Disclosures Track Record & Alignment:

100% return of capital to date. All investor distributions are derived from loan interest income (no return of capital). No conflicts of interest, and no intermediary structures between lender and borrower.

Valuation Discipline: All security is supported by independent, panel-approved valuations on an “as is” basis.

Governance & Compliance: The Investment Committee reviews the portfolio and unit price monthly and ensures that investments are within mandate.

Transparency & Access: “FarmCap maintains a strong commitment to transparency and investor accessibility, ensuring clear communication and direct access to senior management.” – Foresight Analytics Report