A growing middle class in Emerging economies is causing protein demand to surge globally. Crops used in protein production (Corn, Soy, Hay, Wheat) must displace non-protein crops.
New York, NY (PRWEB) July 09, 2014
The Ivy Family Office Network hosted its May 2014 Family Office Outlook Forum in New York, NY on May 7th. Steve Koomar, Chief Executive Officer of PIA Farmland, Inc., led a panel discussion on “Real Asset Investing.”
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.
About The Ivy Family Office Network Forum
The Ivy Family Office Network Forum, IvyFON, provides an ongoing dialogue for family offices to support high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short- and long-term objectives. The program features off-the-record, peer-to-peer discussions via in-depth and highly interactive sessions in a non-commercial setting.
IvyFON is a the pre-eminent peer-to-peer global family office network with several hundred family offices attending events around The Americas every year. Some of the more than 2,000 past speakers include most of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds, leading institutional investors, best-in-class asset management professionals, family office subject matter experts and world-class family offices.
Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
IvyFON originates from one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus originated as a peer-to-peer private equity real estate and hedge fund network consisting of Ivy League and comparable school alumni as well as meritorious participants in the program. The group includes New York City and Los Angeles deal networks across multiple disciplines including private equity, healthcare and real estate. More than 15,000 investment, family office and institutional investment professionals have attended forums globally.
For more information on PIA Farmland, Inc., please contact Steve Koomar via email at skoomar(at)pacificincome(dot)com or call John Hillman, our Director of Investor Relations, at (310) 255-4438. For more information on the Ivy Family Office Network, you may contact them at (646) 290-8114 or at http://www.ivyfon.com/contact.html.