CALGARY, ALBERTA, CANADA, April 18, 2024 /EINPresswire.com/ — The Government of Saskatchewan has announced its financial commitment to funding six irrigation districts in the province including Lucky Lake, South Saskatchewan, Riverhurst, Moon Lake, Grainland Lake and the Miry Creek Irrigation District. The announced financial commitment for the first phase of the project across the six districts is $1.15 billion and covers 90,000 acres of farmland.
“The Lake Diefenbaker Irrigation Project will position Saskatchewan to meet the needs of a growing population across the globe. We continue to encourage the federal government to come to the table in a more meaningful way and be part of this important project as it moves forward,” said Saskatchewan Agriculture Minister David Marit.
In particular, the five-year commitment for the Lucky Lake Irrigation District is reported to be $3.8 million. Veripath Farmland Partners (“Veripath”) holds farmland within this district and the current provincial expansion plans should create an opportunity to bring an additional 2000 acres of farmland within its portfolio under irrigation.
“The Government of Saskatchewan continues to demonstrate its commitment to building the critical infrastructure necessary to support the agriculture industry in the province,” said Veripath Partner Carmon Blacklock.
For more information about Veripath, email [email protected].
Veripath operates on the conviction that worldwide demand for the agricultural products used for food, feed, and fuel makes farmland a valuable long-term investment and that valuation discounts continue to be present in Veripath’s target markets. In addition, throughout history farmland has demonstrated a strong capacity to hedge both inflationary and stagflationary economic climates.
Who is Veripath?
Veripath is an alternative investment firm focusing on farmland. Veripath believes that there are a number of factors that are supportive of the farmland investment premise, a few of which are highlighted below:
• Value: Canada has some of the most competitively priced farmland in the developed world – particularly on a productivity adjusted pricing basis.
• Diversification: Farmland exhibits low correlation to traditional stock/bond investments so can improve portfolio risk diversification.
• Inflation Hedging: Farmland has historically had strong inflation/stagflation hedging capabilities.
• Demand: Farmland is a non-volatile way to capture the anticipated incremental demand coming from population growth and growing demands for food, feed, fuel and water globally.
Veripath divides the Canadian market into two separate geographies of ~84M acres each in order to streamline and simplify farmland ownership regulatory compliance. Veripath Farmland (UR) LP invests in all of Canada (excluding SK and MB) and Veripath Farmland LP invests just in SK and MB. The two sister Funds have the same terms and fee structures.
Disclaimer: This document is for information only and is not intended to provide the basis of any credit or other evaluation, and does not constitute, nor should it be construed as, an offer to sell or a solicitation to buy securities of Veripath, the Funds or any other entity, nor shall any part of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. No reliance should be placed on the completeness of the information contained in this document.
This document is not intended to be a comprehensive review of all matters concerning Veripath. Prospective purchasers of this investment opportunity may be provided with formal offering documents and will need to be qualified for investment prior to making any investment. No person has been authorised to give any information or to make any representation not contained in such formal offering documents. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed any of the offering documents. This investment opportunity is speculative and involves a high degree of risk. There is a risk that any investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider this investment. This document may contain forward-looking information and statements (collectively, “forward-looking information“) within the meaning of applicable securities laws.
Forward-looking information is provided for the purpose of providing information about the current expectations and plans of management of Veripath relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. All statements other than statements of historical fact may be forward-looking information. More particularly and without limitation, this document contains forward-looking information relating to Veripath’s investment objectives and strategies and its expectations with respect to the benefits of investing in Canadian farmland.
Forward-looking information is based upon a number of assumptions and involves a number of known and unknown risks and uncertainties, many of which are beyond Veripath’s control, which would cause actual results or events to differ materially from those that are disclosed in or implied by such forward-looking information. Although management believes that expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information since no assurance can be given that such information will prove to be accurate. Veripath does not undertake any obligation to publicly update or revise any forward-looking statements except as required.
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Article originally published on www.einpresswire.com as Saskatchewan announces investments in irrigation plans at Lake Diefenbaker