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Leading the change in developing rural farmland.
Farm to Future
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Promised Land OZ is the leading rural development partner for Opportunity Zones located in American farming communities.

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Developing Rural Communities.

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Owen Peele, the current tenant for McCotter Farms PLOZ, shares about his involvement in Promised Land's staple investment farm.
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Featured Funds

Promised Land focuses in developing rural, agriculturally dependent communities to ignite economic growth and increase employment opportunities.
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Fund I
Mecklenburg County,
$57 million
Crops: 
Corn, Soybeans
Acres Developed/Impacted:
9,000
Revenue Generated:
$9 million
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Fund II
Chautauqua County,
$57 million
Crops: 
Corn, Soybeans
Acres Developed/Impacted:
100
Revenue Generated:
$9 million

Investment Materials

Download our Investment Overview and Fund II One Pager to learn more about our impact in rural farmland.
Promised Land Fund II Non-NDA Investment OverviewPromised Land Fund II One Pager Overview

About Promised Land

Opportunity Zone Fund
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Unique opportunity to participate in a large-scale opportunity zone investment vehicle of US farmland.
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Private investment fund focused on acquiring and improving
farmland in qualified opportunity zones ("QOZs") in the United
States, as designated under U.S. tax provisions enacted in 2017.
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Actionable opportunity with an
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Initial Portfolio composed primarily of fixed rate leases (~90%).
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Expected initial property level NOI yield for 2022 of +3.7%.
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Geographic focus in rural, agriculturally dependent communities
to spur economic revitalization and job creation.
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What is a Qualified 
Opportunity Zone?

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What is a Qualified 
Opportunity Zone?

QOZs are certain economically distressed communities in the United States where new investments, under certain conditions, may be eligible for preferential tax treatment. The Fund was created to acquire, improve, and stimulate economic development of land located in QOZs.

Why Invest in Farmland?

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Favorable Long-Term Supply/Demand Dynamics
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Structural demand growth: population growth, per-capita GDP growth, and evolving diets focused on protein.
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Scarce supply: Urbanization and regulation limit availability of new farmland.
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No Vacancy: virtually 100% land utilization

Why Invest in Farmland?

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Structural demand growth: population growth, per-capita GDP growth, and evolving diets focused on protein.
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Scarce supply: Urbanization and regulation limit availability of new farmland.
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No Vacancy: virtually 100% land utilization

Why Invest in Farmland?

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Structural demand growth: population growth, per-capita GDP growth, and evolving diets focused on protein.
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Scarce supply: Urbanization and regulation limit availability of new farmland.
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No Vacancy: virtually 100% land utilization

Why Invest in Farmland?

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Structural demand growth: population growth, per-capita GDP growth, and evolving diets focused on protein.
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Scarce supply: Urbanization and regulation limit availability of new farmland.
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No Vacancy: virtually 100% land utilization

Why Invest in Farmland?

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Structural demand growth: population growth, per-capita GDP growth, and evolving diets focused on protein.
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Scarce supply: Urbanization and regulation limit availability of new farmland.
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No Vacancy: virtually 100% land utilization

Strategic Collaboration

Highly Experienced Farm Property Manager
Promised Land plans to employ a multi-manager approach by sourcing managers based on the location and crop expertise required for each farm property. We are committed to finding key partnerships that can help Promised Land achieve durability returns alongside our sustainable farming initiatives.

Expert Leadership

Meet Our Team
John S. Heneghan
Christian Zann
Professor Bruce J. Sherrick, Ph.D.
Joe McAdams
Steven J. Thayer, M.B.A., J.D.
Kellee James
Ailie Elmore, M.S.

John S. Heneghan
Christian Zann
Professor Bruce J. Sherrick, Ph.D.
Joe McAdams
Steven J. Thayer, M.B.A., J.D.
Kellee James
Ailie Elmore, M.S.

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