Alternative Investments

Global Agriculture Forum

September 28, 2017 | 5:30 PM - 8:00 PM

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Global Agriculture Forum

THURSDAY, SEPTEMBER 28TH 5:30 PM – 8:00 PM

Fee: Members $25 | Nonmembers $65
LiveStream: Free & Available to Members Only

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Agenda

5:30 Check-in

6:00 Opening remarks

Kevin Maxwell, CFA, Managing Director, Institutional Advisory Services, Nuveen

6:10 Keynote address

Bruce Sherrick, Ph.D., Professor, University of Illinois

7:00 Panel discussion

Martin Davies, President, Westchester Agriculture Asset Management
Kevin Rivchun, Vice President, The Townsend Group
Paul Pittman, CEO & Founder, Farmland Partners

Moderated by: Justin Ourso, CFA, Managing Director, Head of Ag. & Timber, Nuveen

7:55 Closing Remarks

Steven Bloom, CFA

8:00 Networking reception

Location

CFA Society New York Conference Center 1540 Broadway #1010 New York, NY 10036

Host

Alternative Investments Group

Organizers

Kevin Maxwell, CFA
Steven G. Bloom, CFA

Speakers

Bruce Sherrick, Ph.D., Professor, University of Illinois
Martin Davies, President, Westchester Agriculture Asset Management
Justin “Biff” Ourso, CFA, Managing Director, Head of Ag. & Timber, Nuveen
Kevin Rivchun, Vice President, The Townsend Group
Paul Pittman, CEO & Founder, Farmland Partners

Overview

Agriculture, one of the oldest and most important industries on Earth, has only recently become a sought-after addition to institutional portfolios. Attracted by consistent yields, long-term appreciation, inflation-hedging characteristics, and low correlation to other asset classes, institutional investors represent a growing portion of fragmented farmland ownership universe. The trend is likely to continue until agriculture becomes a staple of every portfolio. The long-term drivers are evident: the Food and Agriculture Organization (FAO) estimates the global population will reach 9.7 Billion by 2050, requiring overall food production to increase by 70% during this period. In addition, rising incomes in emerging and developing economies provides another boost in food production demand. Concerns about water scarcity and security continue to focus attention on agricultural land use worldwide. Advanced scrutiny of water consumption encourages regions, states, and countries lacking ample water to conserve the resource by importing rather than producing grain, fruit, cotton, and meat, each of which requires a substantial amount of water use. Responding to the virtual water trade will cause regions that experience drought and desert conditions to reduce production of water-thirsty agricultural products. The event will kick-off with a review of U.S. land investment performance. The panel will discuss strategies, challenges and their outlook for the future of this $5 trillion-dollar industry. For example: how should one view the most basic of needs from an investment perspective; how can investors participate in the long-term trend; has the asset been repriced before investors have even had a chance to investigate the opportunity? Likewise, how does weather, advanced production techniques, and the shift from lower-value to higher-value commodities affect industry dynamics?

Features, Benefits, Values

Learn whether it makes sense to include agricultural investments in your portfolio and how to go about gaining exposure.

Major Points

  • How does agriculture perform as an investment?
  • Are the long-term drivers sustainable? Have they been priced in?
  • How does one gain exposure to a mostly illiquid asset class?
  • How does the outlook for land holdings, leased operations, crops, storage, and delivery vary?

Who Should Attend?

CIO, portfolio manager, analyst, economist, strategist, private wealth adviser, family office manager, private equity professional

CFANY expects all attendees to comply with CFANY’s Code of Conduct while attending CFANY events or meetings. CFANY expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFANY event or meeting.

The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events. The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you. You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk. There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

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CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to cfanyevents@cfany.org.

More

CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.