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Canadian Teachers – Pursue Potato Assets for Retirement

Touch the Soil News #1917 (Feature Photo – Ontario, Canada School – CCA SA 4.0 International, MrKasprzak)

When people think of their pension plans or 401Ks, they rarely consider if there are appropriate investment opportunities for their retirement funds.  Take the most-safe option like U.S. Treasuries.  They are so sought after that on average there is $2.5 dollars willing to lend for every $1.00 the U.S. Government needs.

So, in these cases were hundreds of millions of dollars are flowing into pensions and 401ks each month, where are all of these funds going to find a home?  Making news is the Ontario Teachers’ Pension Plan, which recently acquired a controlling stake in Mitolo Family Farms in Australia.  This huge potato enterprise has 26 farms in Australia, offering 11 brands of potatoes. The Ontario, is the largest province in Canada with over 38 percent of Canada’s population.  Undoubtedly there are a lot of teachers.  The Ontario Teachers’ Pension Plan has over $247 billion in retirement contributions invested in over 50 countries across the globe.  So when 336,000 pensioners want to secure their retirement, what do they do?  In part, they invest in and own one of the world’s largest potato farms.  Mitlo Family Farms will continue to operate the farm as they employ over 700 people and generate $280 million a year in revenues.

Global AgInvesting news portal brings the whole story of how Ontario Teachers’ Pension Plans has bought many farms.  This is a must read for any farmer!

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