New York, NY (PRWEB) July 09, 2014
Mr. Koomar commented, “Farm real estate is similar to other commercial real estate. Farmland is leased to a farm operator. Rental income and asset value growth generally depend on the value of annual crop production, which is directly related to food commodity prices and productivity advances.”
“A growing middle class in Emerging economies is causing protein demand to surge globally. Per Capita Protein Consumption is growing 2% per year and population at 1%, so global protein consumption is growing at 3%. Meanwhile, farm productivity is around 1%. Crops used in protein production (Corn, Soy, Hay, Wheat) must displace non-protein crops. This requires higher prices. PIA Farmland is investing in land that will feed surging world protein demand while also developing some local options to benefit from suburbanization and mineral development.”
Other speakers on the panel included Panos Kiayias of Newport Private Group, Damon Hemmerdinger of ATCO, & Robert Mason, of Bullock Mannelly Partners
Mr. Koomar joined Pacific Income Advisers, Inc. (“PIA”) in 2013 and serves as the CEO of PIA Farmland, Inc. and as Senior Vice President of PIA. From 1986 to 1999, Mr. Koomar was a Vice President at Goldman Sachs and a Managing Director at both Prudential Investment Management and Treesdale Partners until 2007. He has been managing farm trusts and farm leasing businesses since 1989. Mr. Koomar earned his B.S. in Finance at the University of Illinois at Urbana Champaign and his M.B.A. at the University of Texas at Austin.
PIA Farmland, Inc. was incorporated in Maryland in February 2013. Our Manager, PIA, is a registered investment advisor with approximately $12 billion in assets under management and manages our farmland portfolio.
We generate net operating farm income from the purchase of farmland to lease to independent farm operators with sufficient experience and capital to operate the farms.
We currently own one 80-acre farm in Wilmington, Illinois and one 313-acre farm property in Kimball County, Nebraska. We have a contract to purchase a 320-acre property in Dundy County, Nebraska, and have identified numerous other properties for potential acquisition. In addition to PIA Farmland, Inc., PIA will also manage separate accounts of $5 million or more for investors who seek a customized investment solution.
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