AcreTrader

AcreTrader is a farmland investing platform for accredited investors, launched in 2018 and now wholly owned by Proterra Investment Partners, a Minneapolis alternative asset manager that acquired the platform from Acres.com in August 2025. You buy shares in a single-farm LLC that owns a specific US row-crop or permanent-crop property, then collect rent income and any appreciation when the farm is eventually sold. Most individual farm offerings require $15,000 to $30,000, with current listings at $15,000; the Proterra AcreTrader Farmland Fund LP requires $150,000 for Class A interests and $1,000,000 for Institutional interests. Investing on the platform is currently open to accredited investors only. The terms matter more than the pitch. For individual farms, AcreTrader says there is generally an annual management fee of 0.75% of the value of the land, closing costs typically up to 2.5% of total offering value (sometimes more or less), possible diligence fees, and a disposition fee of up to 5% when the entire property is eventually sold. The Fund charges a management fee of 1.25% (Class A) or 1.15% (Institutional), a due diligence fee of up to $200 per gross acre and a success fee of up to 5% of the gross sale price. Those fees come out of returns. AcreTrader does not publish a target return on the pages read; it publishes a review of realized exits instead. For 76 realized farm exits from 2019 to Q3 2026, the company reports an average hold of 4.3 years, a 1.32x average return on capital (MOIC) and an actual net cash yield of 2.9% versus 2.4% underwritten, at the entity level and net of fees. Treat that as a company-reported sample of completed deals, not a forecast. Liquidity is the main risk. AcreTrader says expected holds are typically 5 to 10 years, but possibly sooner or longer, and that there is no secondary market. Annual distributions are generally expected on individual farms. The Fund is open-ended with a 24 month lock-up, after which withdrawals are subject to the limited partnership agreement. Realized exits have averaged 4.3 years, so a hold can end earlier than the 5 to 10 year expectation, but you do not control the timing. Farm-level risks such as weather, commodity prices and operator execution apply to each deal, and an investment can lose value. Each offering has its own diligence documents, so read the specific farm's terms before investing. Bottom line: AcreTrader suits accredited investors who can lock up $15,000 or more for 5 to 10 years, accept real loss scenarios, and treat it as a small diversifier rather than an income staple.