What are the recurring costs on my asset?
There are no recurring costs on the asset itself. The insurance and all other associated costs to get your asset onto the farm and into the ground are included in the purchase price. Ongoing costs around maintaining and harvesting the crop are paid for by the farmer. You simply purchase your assets and then sit back and wait for your regular income.
What are my annual platform fees?
To use the Fedgroup platform, you are charged a small fee. The platform fee is calculated annually and is based on 1% excl VAT of your asset value on the day of purchase. For further information on how your platform fee works, please click here.
Your platform fee accrues monthly and your Fedgroup Wallet will be debited in the months you earn income. For solar, this means monthly. For blueberries and honey, it is twice a year.
Why are you charging a platform fee?
The simplest way to understand the Fedgroup Impact Farming platform fee is to think of Uber. Uber is a successful app that connects passengers with drivers to get them from point A to B in a cost-effective manner. The car that your driver arrives in may not belong to him or her. Instead, your Uber driver may be leasing a car from the owner in order to earn an income. You, as the passenger, pay via the platform for the service. The owner pays, as does the driver. Deducted from your fare and from the drivers income is a small amount to Uber itself.
In a similar way Fedgroup charges a small fee to the investor to cover costs.