Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Luke Stronach

๐Ÿ‘ค Speaker
234 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

That's not taking an elbow in the ribs.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

That's getting punched in the face and pushed off a cliff.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

And during that time period, farmland did extremely well.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

And there are a lot of people who, who have noticed this and there are a lot of investment firms and money managers.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

And what they want is they don't want to be a part of that volatility because

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

And they're very afraid of inflation.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

And historically, farmland has done very well with inflation in the 1970s.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

So this is where you're going to get a million different opinions.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

My opinion is that if I just had to pick one thing as a fund manager, and right now I'm only doing one thing, it's farmland.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

Because

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

even though you're getting that protection, the returns can be very, very attractive.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

So if you go back to the 1970s, if you go back to that decade, if you were invested in the stock market, okay, over the decade, you would have gotten, you know, give or take about, you know, 16, 17%, but you would have lost so much of your money to inflation.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

You know, 50% farmland over that period, depending on how you slice the data,

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

it returned 500, 600%.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

Got it.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

This is why the farmland space is not as big as commercial property and other sectors is it's hard.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

This is a hard space.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

You can't operate in it sitting in an office, pushing buttons and,

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

You know, spending your afternoons playing golf.

SaaS Interviews with CEOs, Startups, Founders
EP 574: Buying $2m 600 Acre Pecan Farm, $450/acre/mo, Literally Shaking Money From Trees with Investor Luke Stronach

You have to be able to go out in the middle of nowhere like I have.