The Vermont State Employees Retirement System has committed $35 million to U.S. Core Farmland Fund, a vehicle of U.S. Agriculture, according to a January board meeting.
U.S. Core Farmland Fund is a core, open-end fund that invests in farmland. It targets farmland in the Midwest, with a focus on the Western Corn Belt.
The Vermont State Employees Retirement System is a public pension fund that has $6.8 billion in total assets under management, as of Nov. 20, 2024. As of June 25, 2024, it had a 7 percent allocation to real estate assets.