AgIS Management, LLC (referred to herein as "AgIS", the "Firm") was launched in June, 2013 by Jeffrey A. Conrad, Kenneth L. Warlick and Carolyn M. Bailey. The Firm's sole member is AgIS Capital, LLC. AgIS Capital, LLC's Managing Member and Principal owner is Jeffery A. Conrad, President.
AgIS's investment activity is limited to acquiring and managing farmland properties and interest in related operating companies for institutional clients through separate accounts or its private fund. Size and structure of investments vary by client objectives.
Individually Managed Separate Account Business AgIS offers individually-managed separate accounts and tailors and customizes each client's investment program to their specific risk and return objectives. Accounts can vary by property types, commodity groups, property sizes, management strategies and geography. No two separate account are identical due to the difference in assets and objectives. Clients may impose restrictions on investing in certain securities or types of securities.
In the agricultural investment universe, property management services are key to the success of the portfolio. Depending on the nature and structure of the specific investments, the level of property management services will vary. Passive (leased) properties have one set of requirements while active (operated) properties have a more intense set of requirements.
In a passive investment strategy, the land component is leased to farm operators who are responsible for crop production, harvest and marketing. The farm operators have day to day responsibility for care and maintenance of the land and related assets. AgIS staff and its contractors then oversee the farm operators to ensure that the farm operators act as stewards of the land as well as meet all contractual and legal obligations.
In an active or operated investment strategy, AgIS acts as the farm operators, directly or via contractors, as well as provides services to ensure the integrity of the investment as well as meet all contractual and legal obligations.
Due to the unique and complex structure of each investment opportunity, managing farmland properties and related operating companies may result in: leasing acquired assets back to the farmers from whom the property was purchased, the acquisition of public or private corporate debt securities,

and the issuance of warrants, rights or other securities.
Private Fund-Related Advisory Business Additionally, AgIS provides discretionary investment advisory services to a private fund (the "Fund"). AgIS provides day-to-day asset management and advisory services to Four Corners Farmland Fund LLC. The Managing Member of the Fund, Four Corners Farmland Fund Manager LLC, has complete discretion and exclusive responsibility and authority for all investment making decision of the Fund. The Managing Member has delegated certain of its authority to AgIS pursuant to an Asset Management Agreement and will engage one or more Affiliates or third parties to provide property management services with respect to Fund Investments. Such delegation will not relieve the Managing Member of any of its duties or responsibilities.
4 The Fund makes investments, directly or indirectly, through one or more subsidiaries or other entities, in agricultural assets in accordance with the Fund's investment guidelines. The Fund will also engage in owning, operating, developing, redeveloping, leasing, maintaining, managing, supervising, exchanging and/or disposing of agricultural assets. The Fund's investment objectives and/or parameters are set forth in the Fund's organizational documents, offering documents, and/or other governing documents, (together with the Fee Letter and any applicable side letters, the "Fund Documents") provided to each Investor in the Fund (each, an "Investor"). AgIS tailors the advisory services for a Fund based on that Fund's investment objective and investment strategy, including guidelines regarding the types of investments the Fund will make and portfolio limits (if any). AgIS does not tailor its advisory services to the individual needs of Investors, and Investors may not impose restrictions on investing in certain securities or types of investments.
The Fund typically requires a minimum investment of $50,000,000; however, this requirement may be waived or reduced by the Fund's Managing Member and founding investors. A General Partner to the Fund, known as Four Corners Farmland Fund Investor LLC, owns 1% of the Fund, as a co-investor.
No other co-investment will occur.
As of December 31, 2023, we provide continuous management services for $678,484,797 in client assets on a discretionary basis.