Bain uses cookies to improve functionality and performance of this site. More information can be found in our Privacy Policy. By continuing to browse this site, you consent to the use of cookies.

AgriInvestor

Land and ag companies trade at discount: Bain & Co.

Land and ag companies trade at discount: Bain & Co.

  • March 27, 2017
  • min read

AgriInvestor

Land and ag companies trade at discount: Bain & Co.

Fernando Martins, a partner with Bain & Company, told Agri Investor that characteristics of farm businesses, mainly their small size and infrequent turnover, make it difficult for public markets to value their assets and the investment vehicles tied to them. The Bain report, Before You Go and Buy the Farm, released late last year, found that just two of a group of 11 publicly-listed land and agriculture companies traded at or above their accounting book value over five years ending in mid-2016.