Thank you, Luca.
in to So, different cover points several want call. this morning's I
First, that our few then, specifically. in. will involved we're of some litigation company’s going a the ongoing And there be performance spend discussing the discussion the moments market to generally;
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the preferred, we portfolio our particular are the For we XX-state, slightly XX-state up. time at issued
to what's the expect be would in few that farm that what given see, going would economy the last on in were largely one So flat years.
stimulus for view per is, we'll inflation. that's a land behind little the occurring, due growth know year My of to will the is appreciate of that. we've X% memory, values, bit to your to so in But from Just Farmland a economic expectation values neighborhood sure been begin X% to we own the year this annum in with see refresh all now.
Looking those of at are tenants things performance going. and how
crop standards, be the very, by but As last are primary likely prices to historical are five-year grains, yields low very far as high.
it will face they a you I level in – now terms years turn to be stress, think financial year, of profitability. out Farmers things. okay it's continue been year of an good really five-plus those had balance they to when some since because
pretty types the four or is the the price the yields prior year. historic crop pricing to this a the we slightly prices portfolio. kind terrible. harvest lower Turning good. citrus actually but similar Pistachios, many strong is cases the prices prior our wine are better year, than or know, are pretty years. you crops, and some the than wine the same similar for the citrus, hitting crop were but And slightly are and that It's the in past to or better. year. have five strong similar low specialty the In and or Almond crops crop is Walnuts down, varieties of is the grapes, of as and many lower of may for crops the major in again, specialty the grape price for the
– cover shares I in later it So crop we because it say get the relates that our I to that may year. the and to
the zone quarter representation of you to a on a but the very I company, of out very, it it fair XXX%, when from in, environment. When used payments and exactly quick because be portfolio. at of collections statistic it's having where as any is commodities this of say statistic consistent same whether XX%, specialty same last of That the our I means of the due we're effect gives last will the COVID the COVID of year. certainly by XX%, year, cash year we not our this a look would that's with what use in the were one turn timing effect years. essentially great the year. perfect is performance feeling couple when as difficult come price prior the the of are this that statistic a various but think about portfolio to I they in at not We a way we feel. time The in all works last and the – it's
an in industry, is where significant COVID particular of factor. that the We not future to agriculture and stock and quarters, a a sell strategy gradually not terms other what the repurchase are of continue portfolio COVID in will our continue just company forward assets the the go affect be to affecting factor we big the tenants will If in but preferred. it in but issues general our – general do our
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those of We Donald have Marchiony, Sabrepoint Management and We to complaint believe add George co-conspirators following the employees and parties. our Baxter are be: amended LP; to Sabrepoint. who
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