FarmTogether expands into new crop with California avocado investment launch

AIM | 15 April 2026

By Lynda Kiernan-Stone

FarmTogether is now offering exposure to one of the fastest growing segments of U.S. permanent cropland with the launch of Riviera Avocado Grove, the firm’s first expansion into avocado production.

Specializing in high-value permanent crop acquisitions, a complex market that the firm sites as having significant long-term potential, FarmTogether’s solutions include Crowdfunded Farmland Offerings, Sole Ownership Bespoke Offerings, Tenancy in Common Offerings, Separately Managed Accounts, and the FarmTogether Sustainable Farmland Fund.

Through their differentiated investment philosophy, proprietary sourcing engine Terra, and wide-reaching industry relationships, the FarmTogether team identifies and manages a diverse range of farmland opportunities across key U.S. growing regions. 

And as the firm continues to expand its farmland investment platform across crop types and geographies, Riviera Avocado Ranch represents FarmTogether’s strategic expansion into a new high-value crop. 

Located in the foothills of Santa Barbara County, the farm is situated in a leading avocado producing region known for its temperate coastal climate and consistent growing conditions. 

The property consists of mature Haas trees supported by a multi-source water system, and is operated by an experienced local farm management partner with a successful track record in California permanent crops.

“Avocados represent a notable segment within permanent cropland, driven by sustained consumer demand and constrained domestic supply,” said Gretchen Montague, head of farm management, FarmTogether. 

“We view high-quality avocado assets in coastal California as positioned to generate income and long-term value, particularly when supported by strong growing conditions and experienced local operators.”

FarmTogether explained that the offering is structured as a 10-year hold targeting a 10.5 percent net internal rate of return and a 9.3 percent net cash yield, adding that the launch aligns with continued growth in U.S. avocado consumption rates, and structural bottlenecks in domestic supply driven by geographic limitations, water availability, and the concentration of production in a small number of regions. 

These factors, together with limited scalable acreage in coastal California and increasing reliance on imports to meet demand, leave U.S. domestic avocado production supply-constrained. 

At the same time, after years of volatility, the California Avocado Commission (CAC) estimates that the state’s 2026 harvest will be approximately 330 million pounds, marking the third consecutive year with harvests over 300 million pounds, indicating a period of stability.

This stability in production, together with a shift within the industry toward higher efficiency, higher-density planting, greater sustainability and resource conservation, and strong marketing make California avocados an attractive opportunity for FarmTogether’s investors.