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University competition in Farming right or wrong
I have thought for years that it was disturbing to have to compete with major education universities in production agriculture, given their tax free status (along with churches that operate huge farming operations as nonprofit status entities). This story was big a couple of years ago and never brought the backlash I expected...... With the more recent notes of many thousands of acres of vineyards Harvard University has invested in the Central Valley California area.
The hypocrisy of education in the US is just one disturbing aspect of the story. It is a very interesting read and I wonder If there has been any actual change in the attitude of these Big Farmers who compete world wide et c. etc etc
I can think of at least 4 lesser universities that compete against farmers in our area.
https://grain.org/article/entries/6006-harvard-s-billion-dollar-farmland-fiasco
Table 1: Top US university endowment funds investing in farmland
Endowment | Assets under management ($bn) | Current allocation to natural resources ($mn) | Farmland locations |
University of Texas Investment Management Company | 40.3 | 4,978 | Australia, Latin America |
Harvard Management Company | 36 | 4,644 | Africa, Oceania, Latin America, US |
Princeton University Investment Company | 21.7 | 3,625 | Unknown |
Stanford Management Company | 29.1 | 2,301 | Unknown |
Yale University Endowment | 25.4 | 2,007 | Unknown |
University of Michigan Endowment | 9.7 | 700 | Unknown |
Emory University Endowment | 4.6 | 642 | Unknown |
University of Pennsylvania Endowment | 10.7 | 642 | Unknown |
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Re: University competition in Farming right or wrong
Investment Fund Managers being one conversation piece , where individual , small amounts of ca$h are heaped into a portfolio , with individuals having an absolute "" no say "" in the direction or intent - - -
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Re: University competition in Farming right or wrong
I had no idea universities were that deeply invested in farmland. I thought back in the day the local high school had 17 acres of scrub ground they let the FFA use as a test plot. A local BTO offered a senior a case of beer if he could convince the ag teacher to let him rent it...yes, for "17 acres" and further corrupting a already corrupt minor 🙂
Churches in the area are willed farms from estates, the smart ones auction it off. The brave church councils rent it out, usually to a non-member of their congregation to avoid the can of worms 🙂
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Re: University competition in Farming right or wrong
I thought it was a land grant issue........ but in ks your more likely to be competing with kU than ksu.
Those Ivy League rich tearing out the Brazil landscape is a telling picture of our progressive leadership and their condemnation of every gun owner or commercial fertilizer applicator.
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Re: University competition in Farming right or wrong
Remember , we are reminded daily of the starvation factor down the road in 2050 -
with NUVEEN - TIIA - KREF being the largest foreign investor in Brazil 299,025 ha -
according to Chain Reaction Research - - -
What is the conversation on J B S holdings in the US , concerning formulated , captive supply of livestock , with contract feeders - and or W H Group of ( Smithfield ) of so called Virginia - keep in mind, corporations are people 2, say the un-progressive Supreme Court of USA regarding Citizens United - - -
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Re: University competition in Farming right or wrong
Reminds us of a N W- Iowa farmer investors made a $26,000,000 investment on 23,000 acres in western Bahia Brazil 15 years ago - - -
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Re: University competition in Farming right or wrong
Investment fund managers, that's where the problem lies. If you trace all the payments, you can find that every time small amounts of money disappear from there. As we already know, small amounts of money become scarce over time, so it never ends. I went to university https://iunajaf.edu.iq/en/, my parents were convinced of the decency of the people in charge of this institution. Students have always seen changes in the interior, updates of old things in the classrooms, we understand what the money is spent on.
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Re: University competition in Farming right or wrong
Thanks for the information.