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AcreTrader has been growing ever since its launch in 2019.
Carter Malloy, the Fayetteville company’s founder and CEO, said he wanted to build a platform for people to buy and sell farmland, so he created AcreTrader, which allows investors to purchase and sell a fraction of a farm.
The farmland investing service has placed more than $300 million into more than 100 farms in 19 states and into four farms in three Australian states.
AcreTrader also has grown by adding timberland to its portfolio and has plans to offer recreational land.
In October, it unveiled Acres, a land analysis platform that provides insights such as values, soil, crop information and water use on 150 million U.S. parcels.
“We’ve seen a lot of growth throughout the business,” Malloy said.
AcreTrader has raised more than $80 million in venture capital, and it has now blossomed to a staff of about 125 employees. A year ago it had between 50 and 60 employees.
Malloy credits the company’s results to its workers. “At the core of the company is a team of incredibly highly qualified individuals,” he said. AcreTrader’s past and future success “revolves around the quality of the people that I get to work with every day.”
The company’s management philosophy is “an intense commitment to transparency and personal growth,” Malloy said.
Malloy said AcreTrader supports nonprofits that “align fundamentally with us and our philosophies.” Those include Leading Harvest of Arlington, Virginia, which works to improve sustainable agricultural and food production, and the Rodale Institute of Kutztown, Pennsylvania, a global leader in organic agriculture.
Over the next 24 months, Malloy said, the company plans “continued strong growth and a more intense focus on our core vision that buying and selling land becomes common, transparent and easy.”