We advance resilience for our investors, food systems, and planet.

About Us

Agriculture Capital invests in farmland and food infrastructure with the strategy to make capital more resilient, produce better food, and create valuable climate solutions.

We are scaling regenerative agriculture to deliver non-concessionary returns.

Our Investors

Our investments in farmland and food processing assets seek to minimize future environmental risks and make our funds more resilient than other investment options.

our food systems

Establishing a resilient model of food infrastructure aims to create more access to healthy food while increasing the value of farmland under our stewardship.

Our Strategy

What is regenerative agriculture?

We deploy capital to deliver healthier soil that produces better food, optimizes production, and minimizes the adverse impacts of climate change.

Our data driven approach helps us understand the carbon sequestration, biodiversity protection, and zero waste potential of the capital we invest.

We report on the financial, environmental, and community impact of our investments to partners.


Acres of farmland regeneratively managed


Metric tons of co2 sequestered annually 1


Increase in wild pollinator species abundance 2


Zero waste midstream facilities 3

1. Portfolio Annual Net Average GHG Sequestration, Including Biomass
2. See our 2020 Impact Report
3. Note that zero waste is >95% landfill diversion

Reach out to learn more about our results.

Contact Us

Industry Insights

More Articles
Managing through tight labor markets in agriculture

US unemployment is low. Really low. The Bureau of Labor Statistics estimated the US seasonally adjusted unemployment rate in January 2023 was 3.4%. That is the lowest monthly figure since May 1969.

What is the EU SFDR, and will it fix greenwashing in financial markets?

The European Union has introduced several new policies and regulations in the last few years specifically to encourage capital flows to sustainable investments in the hopes of addressing climate change and other environmental risks. Key among these new policies is the Sustainable Finance Disclosure Regulation (SFDR).

The Pollinator Imperative

Pollinator decline is a problem. For at least the past 15 years, the annual loss rate of managed bee colonies in the US has been 30–50% — a remarkable rate.

our team

An innovation-driven management team with a rare knowledge of agriculture, food systems, and investments.

Reach out to learn more about our team.

contact us

Tom Avinelis

Co-Managing Director

Tom is a co-founder of AC and has over four decades of experience in a range of agricultural roles, from pest control advisor to farm manager, research agronomist, crop consultant, sales manager, and director of various farming operations. Tom is an industry leader in sustainable and organic agriculture at scale, with sustainability and stewardship being the hallmark of his career. He co-founded AgriCare, a farm management services and technical consulting company, and also led the growth of HomeGrown Farms, one of the largest organic produce marketing firms in California.

Tom has a BS in Crop Science from California Polytechnic Institute, San Luis Obispo.

Rob Hurlbut

Co-Managing Director

Rob is a co-founder of Agriculture Capital, and for over 30 years has been investing in and leading regenerative food companies. Rob’s experience as founder and CEO of several natural category food companies, along with his time as a Director at Nestle, has informed his focus on the value of proprietary supply chains and the opportunity to connect regenerative practices to value creation for all stakeholders. His industry outlook and the potential for agriculture to drive economic and climate returns underpins his deep understanding of the economics of food. Rob serves as an advisor to ICA supporting Bay Area food entrepreneurs and as a board member for California Farm Link and Healthy Food Ingredients.

Rob has a BA in Psychology and Social Relations from Harvard University.

Brooke Randall


Brooke is a co-founder of Agriculture Capital and has over 16 years of investment experience in the real assets arena. Brooke joined AC after serving as a Principal at Equilibrium Capital, where he evaluated opportunities in the agriculture, water, timber, and energy sectors, ultimately laying the groundwork for the founding of Agriculture Capital. Brooke believes that a regenerative food system can be created at scale by bringing people with diverse talents together. Brooke was a founding member of Unitus Capital, a boutique investment bank focused on microfinance and social enterprise in Bangalore, India. He was also part of the team that built Quellos Private Capital, responsible for investing in private equity, venture capital, and real asset funds.

Brooke has a BA in Finance from Washington State University and is a graduate of the Honors College.

Atish Babu

Senior Vice President

Atish is a pioneering investor in agriculture and was a founding partner at Omnivore Capital, an agriculture investment firm focused on South Asia. Earlier in his career, Atish worked in technology venture capital, Battery Ventures (US) and Nexus Venture Partners (India). In addition to his investing experience, Atish also has startup operations experience as one of the earliest employees at Vonage, helping build the company to a successful IPO.

Atish has an undergraduate degree from the Massachusetts Institute of Technology (MIT) and an MBA from Harvard Business School.

Liz Crowe


Liz has over 14 years of experience in accounting and finance. As an early team member at Agriculture Capital, she has spent the last 8 years leading the back-office accounting and fund operations function, including fund administration, financial reporting, fund audit, and tax reporting. Liz came to AC from Maginnis & Carey LLP, one of the oldest public accounting firms in Oregon, where she performed financial statement assurance and tax preparation services for clients in various industries. Liz is a Certified Public Accountant and is recognized as a member of the first cohort to earn the Fundamentals of Sustainability Accounting Credential from the IFRS Foundation.

Liz has a BS in Management from Purdue University’s Krannert School of Management and received her MBA from Northeastern Illinois University.

Dave Keatley

Senior Vice President

Dave leads the firm’s oversight of operational performance in the Western US. Dave spent 14 years in the wine industry where he managed both vineyard and winery operations. He was most recently the Director of Winemaking at Flowers Vineyard and Winery in Sonoma County and has also worked with wine producers in Napa, Chile and New Zealand. He brings a passion for agricultural operations to his work with Agriculture Capital, as well as direct experience deriving value through the vertical integration of farmland and midstream assets.

Dave has a dual degree BA in Economics and Physical Geography from McGill University.


Join a growing team of experts across finance, farming, processing, marketing, strategy, and sustainability. See open positions below:

We are investors and innovators guided by shared values:



Being the best at what we do: innovation, production, product delivery



We all play a part in creating value and we are all accountable for our actions and performance



Openness in our interactions, communication, and data-sharing.



Creating a positive impact on our planet, in our communication, and for our people.

Portland Office

1331 NW Lovejoy Street
Suite 720
Portland, OR 97209

(+1) 971.420.1871

San Francisco Office

425 Market Street
Suite 975
San Francisco, CA 94105

Melbourne Office

146 Langtree Avenue
Melbourne, Victoria
Australia 3500

Granada Office

Aconcagua 30
Granada, 18008


We look forward to hearing from you. Please tell us how to reach you and what you are interested in below.

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Fowler Ranch


Fowler Ranch is a 280 acre farm planted to organic blueberries, mandarins, and SumoCitrus®. It has well-drained, sandy soils and its location near the Kings River provides strong water assets. Its location near Phoenix and Sanger ranch allow for farm management synergies. An additional 62 acres of SumoCitrus® were planted in 2020 and are becoming productive in the 2023-24 season.

Sierra Heights


Sierra Heights is a 139 acre citrus farm located near the town of Strathmore. It is planted to mature navels as well as 55 acres of SumoCitrus® and 25 acres of mandarins that were developed following acquisition. Its proximity to Griffith Farms’ South Strathmore ranches create opportunities to leverage farm management synergies.

Phoenix Ranch


Phoenix Ranch is a 186 acre farm growing organic blueberries, mandarins, and SumoCitrus®. Like nearby Fowler and Sanger ranches, its location near the Kings River provides excellent sandy soils and strong water assets. In 2020 & 2021, 75 acres of the ranch were redeveloped to SumoCitrus® which became productive during the 2022-23 season.

Griffith Farms


Griffith Farms is a diverse collection of ranches stretching from Woodlake to South Strathmore. In total, the farms are comprised of over 2,000 acres of high quality citrus including SumoCitrus®, navels, valencias, lemons, and specialty citrus varieties. The diversity of soils make Griffith one of the most productive farms in the portfolio, and its scaled, efficient operations make it the largest grower of SumoCitrus®.

Van Delden


Van Delden is a 165 acre ranch consisting of mature navels and valencias. It is adjacent to the Griffith Farms East Redbanks ranch and its acquisition allowed for a synergistic integration into the farm management unit.

Sanger Ranch


Sanger Ranch is a 269 acre farm planted to organic blueberries and mandarins. Its location near the Kings River provides excellent sandy soils and strong water assets. Similarly to Fowler and Phoenix, the organic blueberries from the farm provide a strong foundation in the AC blueberry portfolio.