A. Conservation Resource Partners, LLC (“CRP” or “Conservation Resources”) is an investment advisory firm specializing in advisory services related to investments in timber and agriculture properties. Conservation Forestry and Conservation Farming are operating divisions of Conservation Resources and were established in 2004 and 2017, respectively. As of January 10, 2023, the firm is principally owned by Paul J. Young and F/m Managers Group, LLC. This Brochure is not a public offer of any of our investment vehicles. B. In providing our advisory services, we focus on acquiring and managing forest landscapes, productive farm and pasture lands and related ecosystem rights associated with timberland and farmland investments. The investments that we make on our clients’ behalf are limited to these types of assets. Typically, we invest our clients’ assets in properties in the United States that have (1) a working forest, farm, or pasture component and (2) conservation related amenities. We have and may for future investments, hold our clients’ investments in properties by purchasing interests in real estate investment trusts (commonly known as “REITs”), which in turn, hold timber and agriculture properties. We may also directly hold our clients’ investments in timber and agriculture properties. Furthermore, we retain the option to borrow funds on behalf of our clients in connection with their investments and have exercised the option for two clients to facilitate the final acquisition. In connection with our clients’ investments, we oversee the management of the timber or agriculture land that our clients

own, including the property operations, other amenities associated with the properties such as hunting leases and any development rights that are not limited by conservation restrictions. We generally outsource the day-to-day property management responsibilities to third-party management firms or regional farm managers. C. Our firm tailors our advisory services to the individual needs and specified investment mandates of our clients. We adhere to the investment strategy and/or guidelines in each of our client’s offering document and/or management agreement, as applicable. Because we are committed to adhering to such a specialized investment strategy, we do not generally permit clients or investors to impose restrictions on our ability to invest their funds. D. We do not participate in wrap fee programs. E. The amount of net client assets that we manage on a discretionary basis was approximately $734,435,000 as of December 31, 2023. This figure includes the assets of the pooled investment vehicles we manage (excluding uncalled capital commitments of Conservation Resource Capital VI, L.P.), rather than our regulatory assets under management that we list on our Form ADV Part 1A. Conservation Resource Partners, LLC 5 | P a g e Two of our clients invest directly in real estate through investments in holding companies, three are structured to invest in real estate through an investment in a REIT and one is a single-investor vehicle (structured as a limited partnership) which is treated as a separately managed account (“SMA”) for the purposes of Form ADV Part 1A.