Secondary Liquidity Market Coming to FarmTogether in Sep 2020!

One overwhelming piece of feedback that we have heard is that some of our investors would like to have options for liquidity earlier than the end of the hold period (granted, some of you have also asked for much longer hold periods of 10-20 years—this is coming too, stay tuned!).

Other platforms in the crowdfunding investment space, such as Cadre, are already successfully operating these types of secondary liquidity markets. FarmTogether is planning to roll out a Secondary Market Pilot in September 2020.

Here is how the Pilot is projected to work.

Once a year, beginning in September 2020 for our El Nido almond investors, existing investors will be able to offer some or all of their units of ownership for sale.

  • This sale will be facilitated by FarmTogether via email and/or a dedicated portal.
  • For most farms, the First Liquidity Window will open 366 days after the closing date for that investment, and the window will stay open for 30 days.
  • Second and subsequent Liquidity Windows will open on an annual cadence and remain open for 30 days. More frequent Windows, such as quarterly and monthly, are anticipated.
  • The price will be set by the investor and can be adjusted once every 5 days.  
  • The Secondary sale will first be available to existing investors in the farm for 5 days, then to investors in any farm for the following 5 days and then to all registered users of for the remaining 20 days. Note: accreditation standards may still apply.

This option will be available on all our current and future deals unless constrained by the specifics of a particular deal.

We are excited by the success of this program on other platforms, and we look forward to bringing the same capabilities to our investors!

See our current investment opportunities to invest now and join our exclusive pool of investors!

Disclaimer: The Secondary Market rollout is subject to FarmTogether, Inc and its principals securing all the necessary legal licenses and approvals from federal and state regulatory bodies. We cannot guarantee that we will be successful within the timeframe specified. We cannot guarantee that every investor will be eligible to participate in the Secondary Market. Current or new regulations may prevent us from rolling out the Secondary Market option. Non-US investors may be subject to additional restrictions. Please consult your own counsel with respect to any tax or legal implications with respect to the Secondary Market.

Artem Milinchuk

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