Crowd farming platform Livestock Wealth has expanded its investment offerings, to introduceThe fintech platform says its latest venture provides investors who want to own a farm with an opportunity to buy – together with other investors – a portion of a professionally-managed farming operation and own it over a period of up to 10 years.
“Livestock Wealth searches and finds the best available farms to purchase directly from farmers or on auction,” Ntuthuko Shezi, CEO and founder of Livestock Wealth, tells ITWeb. “For example, if a farm was bought for R10 million, it would consist of an average of 200 portions of land – making each portion about two hectares in size. Farm land doubles in value every 15 years, but when well-chosen and managed, this could happen sooner,” he notes.