Looking outside the ASX200 at $1bn “agricultural landlord” RFF which is well positioned to benefit from increasing food demand. The fund gives investors exposure to the likes of cattle, almonds, vineyards, sugar, cotton, water etc and as a business, they simply collect rent from producers that utilise their land. The stock is well positioned to maintain its 4.5% yield due to the long-term nature of its agreements.
- We like RFF as a less traditional defensive play after its 24% pullback.
MM likes RFF into its current pullback
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