It is important to keep in mind that Impact Farming is designed to be a long-term investment and the full value of your asset is only realised if you stay invested for the whole term. This is particularly important when you consider that both hives and blueberry bushes produce more the longer you have them. Solar power will become increasingly in demand as the cost of electricity from the grid rises. Therefore, your income ramps up over time. The longer you keep your asset, the better your returns will become.
In line with the cooling-off period contained in the Consumer Protection Act, you have five working days from the date the assets were transferred into your name to change your mind and sell them back to us. If you do decide to sell these assets during this time, the full purchase mind will be refunded to you, minus any income that may have been paid out to you during this time.
Please also keep in mind that once you purchase your assets, we incur substantial costs in installing and maintaining your assets. For solar panels, there is installation, optimisation, insurance and maintenance. For beehives, there is construction, swarming, harvesting and transport. For blueberries, there is the planting, harvesting and watering. In addition, the longer you have owned the asset the less it is worth, because it has already generated an income, and the time that is left to generate an income decreases. There is also wear and tear on solar panels and beehives. All these factors combine to decrease your sales price.
Because these are physical assets that are installed at a particular site, and not fixed investments or stock market investments, we cannot simply pay you a market-related price when you wish to sell them. A buyer needs to be in place and the assets need to be transferred for an asset sale to be finalised.
Please also note that a transfer fee may be charged at our discretion, dependent on factors such as the size of the transfer and whether you have sold assets in the past. This fee will be communicated to you and if you accept it, we can proceed with the transfer process.
Because Impact Farming is a long-term investment, it will be assumed that investors would only make the decision to sell their Impact Farming Assets after due consideration of the long-term financial impacts of such a decision. If after due consideration, you wish to terminate the agreement constituted by the Impact Farming Terms and Conditions in respect of any Asset, you may do so by giving the Managing Agent written notice of termination. Subject to the following provisions:
- The Asset Owner must elect to find a willing buyer themselves at a price that is agreed upon by the two parties.
- A sale of your Asset can only be effected if a willing buyer is found.
- The willing buyer communicates the price they are willing to pay for the Impact Farming Asset and the Asset Owner must decide whether to accept or reject this price.
- The Managing Agent may charge a fee on the transfer of Assets at its discretion.
Please email us at IFcontact@fedgroup.co.za.