Agcapita Partners is pleased to announce that Agcapita Farmland Fund II has closed to new investors. Investment interest was extremely high and Fund II closed on schedule. Agcapita will launch Fund III June 1, 2011.

1. Agcapita Farmland Fund II Closed to New Investors. Agcapita Farmland Fund III to be
Launched at the End of May, 2011.
May 9, 2011 Calgary
Agcapita Partners is pleased to announce that Agcapita Farmland Fund II has closed to new
investors. Investment interest was extremely high and Fund II closed on schedule. Agcapita will
launch Fund III June 1, 2011.
Agcapita is a Calgary based private equity firm which manages RRSP and TFSA eligible
farmland investment funds and is part of a family of funds focusing on commodity linked, hard
asset investments with over $100 million in assets under management. Agcapita’s investment
team has over 50 years of investment and finance experience and its field team has over 150
years of direct farming experience.
DISCLAIMER: The opinions, estimates, projections and other information which is contained herein and derived from
or attributable to persons other than AGCAPITA is neither endorsed nor adopted by AGCAPITA – it is presented for
informational purposes only. Further, the opinions, estimates, projections and other information contained herein are
not intended and are not to be construed as an offer to sell, or a solicitation to buy, any securities including those of
AGCAPITA and its affiliates, nor shall such opinions, estimates, projections and other information be considered as
investment advice or as a recommendation to enter into any transaction. There shall not be any sale of AGCAPITA
securities outside of Canada or in any province of Canada in which such offer, solicitation or sale would be unlawful,
and any such sale may only be made to prospective investors who meet certain eligibility criteria and who first receive
any applicable offering documentation.
AGCAPITA securities have not been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act") or the securities laws of any state, and may not be offered, sold
or delivered within the United States or to, or for the account or benefit of, US persons (as defined by
Regulation S under the US Securities Act). This document is not for distribution on U.S. wire services or
dissemination in the United States.
FORWARD-LOOKING INFORMATION: This news release may contain certain information that is forward looking
and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words
"anticipate", "expect", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to
identify such forward looking information. Those forward-looking statements herein made by AGCAPITA, if any,
reflect AGCAPITA’s beliefs and assumptions based on information available at the time the statements were made
(including, without limitation, that (i) the demand for agricultural commodities will continue to grow at a pace that is
unlikely to be matched by growth in agricultural productivity, and (ii) investment demand for tangible assets such as
agricultural commodities and farmland will continue to increase for the foreseeable future). Actual results or events
may differ from those anticipated or predicted in these forward-looking statements, and the differences may be
material. Factors which could cause actual results or events to differ materially from current expectations include,
among other things: risks associated with the ownership and operation of farmland, including fluctuations in interest
rates, rental rates and vacancy rates; general economic conditions; local real estate markets; supply and demand for
farmland; competition for available farmland; weather; crop diseases; the price of grain and other agricultural
commodities; changes in legislation and the regulatory environment; and international trade and global political
conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this
news release (if any), which is given as of the date it is expressed herein. AGCAPITA undertakes no obligation to
update publicly or revise any forward-looking information, whether as a result of new information, future events or
otherwise.
For further information please contact:

2. Stephen Johnston - Partner
Agcapita Partners LP
400, 2424 – 4th Street SW
Calgary, Alberta T2S 2T4
Tel: +1.403.218.6506
Fax: +1.403.266.1541
Email: sjohnston@agcapita.com
Web: www.agcapita.com