Conserving Scarce Water Resources

With farmland—perhaps more

than any other asset class— there is no “green-washing” required: economic incentives are truly aligned with sustainability, allowing investors to achieve their sustainability goals without sacrificing returns. Ceres Partners has been a leading investor in US row crop farmland since 2008, and today owns and manages over 150,000 acres across 11 states. Ceres is a long-term investor with a 20-, 30-, or even 50year time horizon. Our continued success—and that of our farmer-partners—demands our joint good stewardship of the natural resource which is our land. In other words, economic incentives closely align with long-term success for investors and farmers. At Ceres, we advocate a holistic view of sustainability in agriculture that balances the need to provide food for a population forecast to reach 9.7 billion in the next 30 years with using fewer resources, protecting the environment, and supporting local communities. As stewards of a renewable resource, we focus on five key sustainability principals. Our commitment to these five principals is evidenced by our longstanding practices and policies and measured by key performance indicators. 1. Producing More with Fewer Resources. 2. Conserving Scarce Water Resources 3. Expanding Renewables and Conserving Energy 4.Maintaining & Enhancing Soil Health 5. Supporting Family Farms and Local Communities

We believe that U.S. rowcrop farmland is the core asset in any farmland portfolio, and that other investments should be evaluated on their incremental return vs. incremental risk. Ceres’ focus on the U.S. and overweight to the Midwest gives investors access to the “Park Avenue” of global farmland: highly productive soils; recharging water resources; guaranteed title to land; sophisticated farmers with the latest technology; and unsurpassed road, rail, and river transportation infrastructure.

There is no “greenwashing” required: economic incentives are truly aligned with sustainability