Agcapita Partners is launching its fourth farmland investment fund, Agcapita Farmland Fund IV, on April 18th with a $20 million offering. The founder of Agcapita commented that farmland values continue to rise due to strong agriculture commodity prices and monetary conditions, and that returns from Saskatchewan farmland have been higher than other regions in Canada. Agcapita's farmland funds appeal to conservative investors seeking inflation protection and lower volatility than public stock investments.

1. Agcapita Partners is pleased to announce that Agcapita Farmland Fund IV will
open to investors on April 18thwith a $20 million offering.
FOR IMMEDIATE RELEASE, ATTENTION INVESTMENT EDITORS – April 2, 2013 -
Calgary
Agcapita Partners is pleased to announce that Agcapita Farmland Fund IV will
open to investors on April 18thwith a $20 million offering.Agcapita is the only
farmland investment fund eligible for Registered Retirement Savings Plans
(“RRSP”).
Stephen Johnston, founder of Agcapita reports that "Farmland continues to
appreciate as we predicted when we launched our first fund in 2008. We believe
that strong agriculture commodity prices and expansive monetary conditions are
supporting valuations globally but more interestingly, Saskatchewan appears to
be closing the price gap with its neighbors and generating even higher rates of
returns than Canadian farmland investments in general. We believe this is a
demonstration of a margin of safety factor in Saskatchewan farmland which we
find so compelling as investment managers. We continue our model of using
minimal to no leverage for acquisitions in keeping with a commitment to risk
mitigation."
Agcapita’s series of farmland funds continue to show great appeal to
conservative investors concerned with inflation and the volatility of their existing
public equity investments. Farmland has similar inflation hedging qualities to gold
but with an ongoing cash yield that gold lacks. Farmland returns exhibit low
volatility and this combined with the high absolute returns from farmland equate
to a favorable Sharpe ratio. Agcapita’s funds directly hold diversified portfolios of
farmland in western Canada, and in particular in the highly price competitive
province of Saskatchewan. Investors are provided with the comfort of a direct
investment in farmland combined with a model of front-end loaded cash rents.
Agcapita believes farmland is a safe investment, that supply is shrinking and that
unprecedented demand for "food, feed and fuel" will continue to move crop
prices higher over the long-term. Agcapita is one of Canada's most experienced
farmland fund managers, launching its first fund in Q1 2008.
This news release may contain certain information that is forward looking and, by
its nature, such forward-looking information is subject to important risks and
uncertainties. The words "anticipate," "expect," "may," "should" "estimate,"
"project," "outlook," "forecast" or other similar words are used to identify such
forward looking information. Those forward-looking statements herein made by
Agcapita, if any, reflect Agcapita's beliefs and assumptions based on information
available at the time the statements were made (including, without limitation, that

2. (i) the demand for agricultural commodities will continue to grow at a pace that is
unlikely to be matched by growth in agricultural productivity, and (ii) investment
demand for tangible assets such as agricultural commodities and farmland will
continue to increase for the foreseeable future). Actual results or events may
differ from those anticipated or predicted in these forward-looking statements,
and the differences may be material. Factors which could cause actual results or
events to differ materially from current expectations include, among other things:
risks associated with the ownership and operation of farmland, including
fluctuations in interest rates, rental rates and vacancy rates; general economic
conditions; local real estate markets; supply and demand for farmland;
competition for available farmland; weather; crop diseases; the price of grain and
other agricultural commodities; changes in legislation and the regulatory
environment; and international trade and global political conditions. Readers are
cautioned not to place undue reliance on any forward-looking information
contained in this news release (if any), which is given as of the date it is
expressed herein. Agcapita's undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information,
future events or otherwise.