The fifth fund closes 30 April

We buy tired groundand never sell it.

Nine thousand hectares of overgrazed range and drained wetland, bought at working-land prices, restored, and put beyond development for good.

Join the fifth fund

The trusts, co-ops and farms we work beside

Bellrock TrustMarrow CreekNinebark Co-opHollis RangeSalt ForkAsh Draw Farm

What the landhas given back.

9,240
hectares under permanent easement
1.4t
carbon added per hectare, per year
4.6%
paid out per year since the first close

Where we buy

Working ground in four watersheds, chosen for its water first and its soil second.

How we hold it

Title in the fund, easement with a trust that has no stake in either.

What it pays

Grazing leases, timber thinnings and soil credits, distributed twice a year after the survey.

The method

What happens afterwe take the deed.

Field notes

Every parcel runs the same four stages in the same order, whether it is forty hectares or four thousand.

Under offerSpring
Cold Bench1,140 ha
Teal Bottom380 ha
Sedge Flat2,410 ha
Long Draw640 ha
Nine more walked this spring
  • We look for working land nobody is bidding on: overgrazed range, drained bottomland, orchards past their last good year.

Closing 30 April

The land outlivesthe fund.

Every hectare we buy goes under an easement that survives us, the fund, and whoever holds the deed next.

Walk the ground

The people whosign the leases.

Four of the eleven holdings, in the words of the people who work them and the trust that holds the paper.

They walked the whole place twice before they made an offer. Nobody had done that in thirty years.
Ruth AlvarezThird-generation grazier - Ash Draw Farm01/ 04
  1. Ruth AlvarezAsh Draw Farm
  2. Peter MullanBellrock Trust
  3. Dana WhitfieldNinebark Co-op
  4. Alan ReyesHollis Range

Ways in

What a share ofthe ground costs.

Money goes in for ten years and comes back as lease income, soil credits, and land nobody can subdivide.

  • Parcel

    For families and small trusts putting one field beyond development.

    • The annual field report
    • Spring and autumn walks
    $50kabout 11 hectares
    Enquire
  • Section

    For foundations taking a whole holding rather than a field.

    • The annual field report
    • Spring and autumn walks
    • Named in the deed record
    $250kabout 56 hectares
    Enquire
  • Watershed

    For endowments underwriting a whole catchment, headwaters to river mouth.

    • The annual field report
    • Spring and autumn walks
    • Named in the deed record
    • A vote on new ground
    $1Mabout 220 hectares
    Enquire

What keeps ithonest.

Every hectare is surveyed by a firm we do not choose and cannot brief, and the easement is held by a trust we do not sit on.

Read the reports
Independent surveySoil and canopy, measured every spring.
Easement held elsewhereSigned by trustees the fund cannot appoint.
Open ledgerEvery parcel, price and payment, published.

Notes from the ground

Every note

Water back in the Alder Bottom ditch

What a hundred soil cores told us

The fifth fund, line by line

Cattle back on Stone Bench