Farmland investing platform AcreTrader of Fayetteville has recently raised $10.3 million, according to filings this month with the U.S. Securities & Exchange Commission.
Launched in March 2019, AcreTrader buys a farm and places it in a unique LLC. “The investors then come on our website, and they can invest as little as $5,000 or $10,000 in a farm,” AcreTrader CEO Carter Malloy has told Arkansas Business. “It’s pretty simple. … You can do it literally in minutes online on our website,” AcreTrader.com.
In seven AcreTrader filings this month, AcreTrader’s unique companies have reported raising money that ranged from $757,350 for Acretrader 153 LLC to $2.7 million for Acretrader 148 LLC.
The company’s website said AcreTrader was created with a simple mission: provide investors direct access to the highly attractive asset class of farmland.
“Basically, it’s crowdfunding for farmland,” said Malloy, whose father is a farmer.