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Please enter the email address you used when registering.

Invalid email
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while validating your email address. Please try again.

Email sent

Please check your email for password reset instructions.

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

Two-step verification

In order to change your password, we need to verify your identity. We have sent an authorization code to the email address on file.

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Two-step verification

Enter the 6-digit code sent to your email

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Please create a new password

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.
  • Must be at least 9 characters long
  • Must have at least one capital letter
  • Must have a number
  • Must have a special character
  • Cannot contain any characters that repeat more than twice
  • New passwords fields must match

An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

Password successfully reset.

Two-step verification

In order to change your phone number, we need to verify your identity. We’ll send an authorization code to your email on file

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Please enter you new phone number

Invalid number
Invalid country code
Number is too short
Number is too long
Invalid number
Invalid number
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while registering your account. Please try again.

Your account phone number has been changed successfully

That email address is already associated with an account.

Enter your password to login.

Invalid email
Invalid email
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.
Forgot password?

Two-step verification

To verify your identity, we need to send an authorization code to the email address on file.

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Two-step verification

Enter the 6-digit code sent to your email

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.
Resend the email

Confirmed.
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An error occurred while processing your request. Please try again later.

Please enter a valid phone number.

We need a phone number to keep your account secure. We'll send you a code to validate your phone number right now.

Invalid number
Invalid country code
Number is too short
Number is too long
Invalid number
Invalid number

Forgot your password?

Please enter the email address you used when registering.

Invalid email
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while validating your email address. Please try again.

Email sent

Please check your email for password reset instructions.

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

Two-step verification

In order to change your password, we need to verify your identity. We have sent an authorization code to the email address on file.

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Two-step verification

Enter the 6-digit code sent to your email

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Please create a new password

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.
  • Must be at least 9 characters long
  • Must have at least one capital letter
  • Must have a number
  • Must have a special character
  • Cannot contain any characters that repeat more than twice
  • New passwords fields must match

An error occurred while processing your request. Please try again later.

An error occurred while processing your request. Please try again later.

Password successfully reset.

Two-step verification

In order to change your phone number, we need to verify your identity. We’ll send an authorization code to your email on file

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Please enter you new phone number

Invalid number
Invalid country code
Number is too short
Number is too long
Invalid number
Invalid number
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while registering your account. Please try again.

Your account phone number has been changed successfully

Enter your email address

Invalid email
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while validating your email address. Please try again.
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First name is required
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Firm is required
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Role is required
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Number is too short
Number is too long
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Passwords do not match
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while registering your account. Please try again.

Confirm your email address

We have sent an email to {0}. Click the link in the email to finish setting up your dashboard

An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later.

Forgot your password?

Please enter the email address you used when registering.

Invalid email
An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Your account has been temporarily locked because of too many failed login attempts. Please try again later. The code entered has expired. Please request a new code to continue. The code entered is not valid. Please request a new code to continue. Email address format is not valid. Your account has not been verified. Please check your email for instructions on how to verify your credentials. Your account has been disabled. An error occurred while processing your request. Please try again later. That user does not exist. This account has reached its limit for daily password resets. Please try again in 24 hours. Password does not meet password strength requirements. Please try again. That password was recently used. Please enter a new one. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. The account information you provided does not match our records. This account is not authorized to perform the request you've initiated. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. An error occurred while processing your request. Please try again later. Password does not meet password strength requirements. Please try again. An error occurred while processing your request. Please try again later. An error occurred while validating your email address. Please try again.

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The U.S. farm economy in 2021

U.S. farm income rose in 2021 and is expected to continue improving into 2022. Learn more about the global headwinds and tailwinds faced by farmland investors in our in-depth review.

The USDA Farm Income and Wealth Statistics report released early December 2021 shows positive signs for the health of the farm sector. In 2021, U.S. net farm income is expected to show an increase of 23.5% from 2020, with cash receipts for most row crops reaching their second-highest level since 2010. Government direct payments to farmers in 2021 are anticipated to drop 40% below the peak levels of 2020, while still registering as the second highest in history. Export markets are trending higher as trade with China rebounds as a result of the removal of retaliatory tariffs, rebuilding of swine herd from African swine fever, and a delayed South American harvest extending the U.S. selling window. Partially offsetting and providing some moderation to farmland returns will be higher labor, energy, and input costs

Net farm income is gross farm income minus any production expenses. It includes net income from farm production as well as noncash items such as economic depreciation, rental income from operator dwellings, and changes in inventories. On the other hand, net cash income is the cash earned from farming and farm-related income, including government payments. U.S. net farm income is projected to reach US$116.8 billion in 2021, the highest since 2013. After rising 19.9% in 2020 relative to 2019, net farm income is forecast to increase 23.5% in 2021 from 2020. There has been a US$9.2 billion (8.6%) increase in net cash farm income in 2020 since 2019 that’s forecast to increase by US$17.0 billion (14.7%) to US$133.0 billion in 2021. Net cash farm income will also be the highest since 2014 and close to the 2013 peak of the past decade. 

Government support payments to U.S. farmers in 2020 were the largest in history at US$45.7 billion and experienced a 40% drop to US$27.2 billion in 2021. Even with the significant reduction, these 2021 government payments will be the second-largest direct government annual support payments. The forecasted decrease is due to lower ad hoc disaster and supplemental aid for COVID-19 relief. In addition, the Coronavirus Food Assistance Program funded USDA purchases and distribution of US$3.0 billion in fresh produce, dairy, and meat.

Net farm income and net cash income increased in 2021 on higher cash receipts

U.S. farm net income vs. direct government payments share of net farm income (US$ billions)

Line chart show net farm income increasing despite lower direct government payments in 2021.
Source: USDA Farm Income and Wealth Statistics, December 2021.

Total production expenses in 2021 are expected to reach their highest level since 2014 and are expected to increase by 8.3% to US$387.6 billion in 2021 from 2020. Significant increases in energy, fertilizer, and labor costs are driving the expense hikes. Fuel and oil costs were up by US$4.0 billion in 2021, a 32.0% increase in 2021 over 2020, partially due to higher diesel price forecasts by the U.S. Energy Information Agency. Fertilizer costs are up by 12.0% in 2021. Total labor costs are estimated to be up by 2.0% in 2021 from 2020, due to a 2.0% increase in hired labor costs and 3.0% higher contract labor costs, reflecting labor shortages stemming from COVID-19-related labor market disruptions. Interest expenses are also expected to increase in 2021, up by US$1.3 billion (6.8%) to US$20.3 billion, due to higher interest rates on real estate debt. Going forward, despite improved revenue forecasts, farm operators and owners have expressed declining optimism about current and future agricultural market conditions, according to a recent survey conducted by Purdue University. Farm operators are particularly concerned about the continued increase in input costs due to heightened inflationary pressures.

U.S. farm production input costs showed signs of inflationary pressure

Total agricultural sector production expenses (US$ billions)

Many U.S. farm production input costs rose in 2021 - chart displays costs rising for labor, fertilizer, seeds, chemicals and fuel/oil.
Source: USDA Farm Income and Wealth Statistics, December 2021.

The USDA expects cash receipts to grow 18% in 2021 compared to 2020, with livestock products and crop receipts both up by 18%. The improved crop receipts will be driven by a 52% increase for corn, with soybeans up 21%, wheat up 25%, rice up 7%, and cotton up 6%. The category expected to see decreased crop receipts is fruits and nuts, down by 9%. The anticipated gains in cash receipts for corn and soybean were supported by strong export markets and expanded demand for wheat and other grains as feed (substituting for soybeans). The ongoing California drought and decreases in cotton acreage in 2021 contributed to the reduced crop receipt estimates and income for cotton and fruits and nuts.

Higher production volumes and higher prices have pushed total cash receipts for 2021 higher than the previous peak reached in 2012. Corn is the largest driver of this increase, with corn receipts registering a 52% increase over 2020, hitting US$71.0 billion in 2021, which would be close to the previous high point in 2012. Corn prices rose from US$3.50/bushel in 2020 to an estimated US$5.53/bushel in 2021. Soybean is the second major crop in the substantial gain in total cash receipts for U.S. farms, registering an estimated 21% increase in 2021 cash receipts, jumping from US$42.0 billion in 2020 to US$50.0 billion in 2021. Soybean prices increased from US$8.95/bushel in 2020 to an estimated US$12.69/bushel in 2021. Wheat cash receipts also increased from US$9.0 billion in 2020 to US$11.0 billion in 2021 (a 25% increase), as wheat prices increased from US$4.86/bushel to US$5.97/bushel. Cash receipts for rice also showed a moderate 7% increase, up from US$2.8 billion to US$3.0 billion and cotton experienced a 6% increase from US$6.6 billion in 2020 to US$7.1 billion in 2021. 

Total crop cash receipts edge up to highest level since 2010

U.S. cash crop receipts (US$ billions)

Chart shows highest crop cash receipts since 2012 for corn, soybeans, and fruits and nuts.
Source: USDA Farm Income and Wealth Statistics, December 2021.

Commodity prices rise in 2021 for corn and soybeans

Commodity crop prices (US$/bushel)            

Prices shown sharply rising for corn, soybeans and wheat commodity crops since 2020.
Source: USDA NASS, December 2021.

The USDA is expecting fruit and tree nuts cash receipts to show a modest decline of 9% in 2021 compared to 2020. The continued easing for fruits and nut cash receipts reflects ongoing high stocks and lower prices in these permanent crops. Cash receipts for fruits and tree nuts are projected to sink to US$26 billion in 2021, which would bring them below their 2015 nominal value. 

Based on the USDA’s supply and demand outlook and price forecasts for the remainder of 2021 and early 2022, farm net income and net cash income are expected to continue improving. The expanding trade in agricultural commodities between the United States and China will be the chief tailwind for these anticipated gains. China imported higher volumes of feed crops during the 2020/2021 marketing year (MY), as the country rebuilds its pig herds after the swine flu outbreak. Both soybean and corn imports by China were particularly strong in 2021, and the high demands from China resulted in tighter supplies throughout the global feed crop markets. U.S. corn outlook MY 2021/2022 is for increased feed and residual use, greater exports, larger supplies, increased corn use for ethanol, and lower ending stocks. Corn yield is expected to be a record 177.0 bushels per acre. Rice is expected to have reduced supplies, lower domestic use, unchanged exports, and smaller ending stocks. Wheat outlook is for reduced supplies, higher domestic use, reduced exports, and slightly higher ending stocks. U.S. soybean supply and use changes for 2021/2022 show lower production and exports, and higher ending stocks.

Farm net income and net cash income are expected to continue improving.

On the permanent crop side, supply and demand dynamics continue to remain sensitive to weather and yield conditions. Apple harvests remain uncertain at the time of this publication; the summer heat wave that swept through the Northwest, a major producing region for apples, created problems for production estimates. While the USDA estimated the U.S. apple crop to increase 3.0% from the 2020/2021 season, the U.S. Apple Association forecast an 8.2% decline in harvests. Wine grape production is also expected to be negatively affected by weather conditions, specifically the heat wave in Washington and drought conditions in California. In addition, smoke taints from several years of wildfires have contributed to major inventory drawdowns in wine grapes in California. On the other hand, Californian wine grape producers are still adjusting to ongoing shifts in consumer preference between different wine varieties. 

Farm financial metrics  

With improved income forecasts, financial stress on the U.S. farm sector is expected to ease. Farm sector equity is forecast to rise by 2.9% to US$2.81 trillion (in nominal terms) in 2021 compared to 2020. The anticipated increases in the value of real estate have boosted projected farm assets by 3% to US$3.26 trillion in 2021. Farm debt is expected to increase by US$13.00 billion in 2021 to US$454.10 billion. As a result, the farm sector debt-to-equity ratio is expected to be close to 16.2 in 2021, almost the same as in 2020. Working capital measured as cash available to fund operations after paying off the debts is forecast to increase by 9.6% in 2021. Overall, the liquidity and solvency of U.S. farmers will have improved in 2021.

Debt-to-equity ratio has increased since 2012 and is close to the 1990–2021F average

Debt-to-equity ratio

Chart compares an improving debt to equity ration for farmers since 2012 with the 1990-2021 average.
Source: USDA Farm Income and Wealth Statistics, December 2021.

Farmland returns

The improvement of the overall health of the farm economy in 2021 is positive for farmland investors. Through the first three quarters of 2021, the NCREIF Farmland Index, a quarterly measure of investment performance of U.S. farmland properties acquired in private market for investment purposes, returned 3.89% overall and 6.13% on annual row cropland year to date.1 NCREIF’s capital return percentage, which consistently trends well with the changes in the USDA’s cropland values, have posted positive appreciation in Q2 and Q3 2021 and are forecast to end 2021 with positive gains in total farmland appreciation.

Percentage change in farmland values 

Chart shows a sharp rise in USDA cropland values and the NCREIF capital return percentage is also forecast to end 2021 with positive gains.

Source: USDA NASS data, 2021 and NCREIF, 2021. 

The improvement of the overall health of the agricultural economy in 2021 is positive for farmland investors. 

Overall, the U.S. farm income forecasts for 2021 showed a clear upward movement for a wide range of the farm sector, especially positive for row crops. Looking forward, the outlook for the U.S. farm economy remains positive, while short-term risks remain due to concerns over rising input costs in a higher inflationary environment. In addition, permanent crops also face market-specific challenges in supply-demand balance. Over the long term, with increasing risks from climate change, it’s imperative for farmland managers to invest in tools and technology focused on climate change adaptation and risk mitigation. 

1 NCREIF Q3 Farmland Property Index Report, 2021.

 

Farmland market indicators

Global corn production to reach a new record in 2021 marketing year according to November WASDE

Annual corn production estimates, major producers (million metric tons)

Bar chart shows global corn production reaching new records in its 2021 marketing year, displaying major producers U.S., China, Brazil, Argentina and from the rest of the world.
Source: USDA WASDE, as of November 2021. 2020 is estimated and 2021 is projected. Years are marketing years. Corn production is charted on a calendar year basis and updated on a marketing year basis. The corn marketing year is from September to August for the United States, from May to April for South Africa, and from October to September for China. The corn marketing year is from March to February in Argentina and Brazil. Corn production data and forecasts are updated monthly by the USDA World Agricultural Supply and Demand Estimates Report (WASDE).

Global corn production is expected to reach a new record of 1.2 billion metric tonnes, 8% higher in the 2021 marketing year, driven by gains in the United States, Argentina, and Brazil. In 2021, U.S. corn production is forecast to increase by 7% to 383 million metric tonnes (MMT), primarily driven by yield returning to trend line (Marketing year (MY) September 2021 to August 2022). Brazil 2020 (MY March 2021 to February 2022) production is estimated to decrease by 16% from MY 2019 to 87 MMT, because of dry weather causing a delay in planting of the second crop. Brazil’s 2021 marketing year (March 2022 to February 2023) production is forecast to increase by 37% to 118 MMT because of greater planting area and recovery from drought conditions. Argentina’s corn production is forecast to decline slightly to 50 MMT in the 2020 marketing year (March 2021 to February 2022) before rebounding 6% to 55 MMT in the 2021 marketing year because of improved returns for corn. China’s production is forecast to increase by 5% from last year to 273 MMT (MY May 2021 to April 2022). 

Global soybean production to reach a new record in 2021 marketing year according to November WASDE

Annual soybean production estimates, major producers (million metric tons)

Producers including U.S., Brazil, and Argentina shown to contribute to new record for global soybean production in 2021 marketing year.
Source: USDA WASDE as of November 2021. 2020 is estimated and 2021 is projected. Years are marketing years. Soybean production is charted on a calendar year basis and updated on a marketing year basis. The soybean marketing year is from September to August for the United States, from February to January for Brazil, and April to March for Argentina. Soybean production data and forecasts are updated on a monthly basis by the USDA World Agricultural Supply and Demand Estimates Report (WASDE).

Global 2021 marketing year soybean production is expected to increase by 5% from the previous marketing year to 384 MMT. U.S. soybean production is forecast to increase by 5% to 120 MMT because of increases in area and average yields (MY September 2021 to August 2022). Brazilian production is forecast to increase 7% to 138 MMT in 2020 (MY February 2021 to January 2022) before increasing 4% in 2021 (MY February 2022 to January 2023) to 144 MT because of greater planted area, as Brazil’s weakened currency has made soybean production highly profitable. Argentina’s soybean production is forecast to decline by 5% in 2020 (MY April 2021 to March 2022) to 46 MMT before rebounding by 7% in 2021 (MY April 2022 to March 2023) to 50 MMT, as farmers switch from soybeans to corn for higher revenues and operational flexibilities.

USD appreciates against competing currencies

Quarterly exchange rates between USD and agricultural currencies (indexed to 1 at 2006: Q1)

A line chart shows the U.S. dollar appreciating in the third quarter against most competing currencies.
Source: Macrobond, as of September 2021. Exchange rates are updated on a daily basis by Macrobond Financial AB.

The U.S. dollar appreciated in the third quarter against most competing currencies, appreciating 2% against the Canadian dollar, 3% against the Argentinian peso, 4% against the Australian dollar, and 8% against the Brazilian real but depreciating slightly against the Russian ruble. The U.S. dollar is expected to remain modest for the remainder of 2021 and going into 2022 as global economic activity revives, effective vaccines are deployed, and interest rates remain accommodative across most competing currencies. 

U.S. corn exports remain at high levels

Four-quarter moving average corn exports, major producers (million metric tons)

Bar chart shows that U.S. corn exports remain at high levels versus Brazil and Argentina but global exports fell overall in Q3, 2021.
Source: FAS GATS, Comexstat, and Argentina Ministry of Agroindustry, September 2021. Argentina’s agricultural exports are published on a monthly basis by the Argentinian Ministry of Agroindustry. Brazil export data is published on a monthly basis by Comexstat. U.S. exports are published on a monthly basis by the U.S. Census Bureau. Export data is reported on a four-quarter moving average to adjust for seasonality.

Global corn exports fell in Q3 2021, partly due to tight corn supplies in Brazil due to dry weather conditions in the previous season. Brazil’s four-quarter moving average exports were down 20% from last year at 7 MMT and 21% lower than last quarter, as record exports in the previous year and drought conditions in the 2020 marketing year depleted Brazil’s corn stocks. A major tailwind for Brazil’s grain exports in the future is the paving of the BR-163, a highway that runs through Mato Grosso and Para, and ends at the river terminals of Miritituba, the site of several major grain trading companies. U.S. four-quarter moving average corn exports at 17 MMT were 46% higher than last year and slightly lower than the previous quarter. Argentina’s four-quarter moving average exports at 9 MMT were down 6% from last year and up 5% from last quarter. Depleted corn export quantities in Brazil as well as the depreciation in the Argentinian peso favor exports in Argentina.   

U.S. soybean exports decrease in Q3 2021

Four-quarter moving average soybean exports, major producers (million metric tons)

Bar chart showing lower U.S. soybean exports in Q3 2021 on weaker demand from China and weather-related issues..
Source: FAS GATS, Comexstat, and Argentina Ministry of Agroindustry, September 2021. Argentina’s agricultural exports are published on a monthly basis by the Argentinian Ministry of Agroindustry. Brazil export data is published on a monthly basis by Comexstat. U.S. exports are published on a monthly basis by the U.S. Census Bureau. Export data is reported on a four-quarter moving average to adjust for seasonality.

In Q3 2021, U.S. soybean exports decreased from last quarter as a result of weaker demand from China in general and logistic issues as a result of Hurricane Ida in the Gulf region in October. On a four-quarter moving average basis, at 14 MMT, U.S. soybean exports were down 14% from last quarter but 16% higher than last year. The four-quarter moving average of Brazil soybean exports at 20 MMT was down slightly from last quarter and 11% lower than last year. Lower profitability of Chinese hog producers has decreased soybean exports to China. Argentina’s soybean exports at a four-quarter moving average of 1 MMT were up 22% from last quarter and down 48% from last year. 

Prices for row crops maintain high levels

Row crop prices (USD per bushel)

Line chart shows prices for soybeans, wheat and corn remaining elevated in Q2, 2021.
Source: USDA NASS, September 2021. Row crop prices are published on a monthly basis by the USDA National Agricultural Statistics Service.

In Q2 2021, U.S. corn, wheat, and soybean prices remained elevated. Corn prices rose 8% to US$6.22/bushel and were up 92% since last year. Wheat prices rose by 7% since last quarter and were up 32% from last year to US$6.70/bushel. Weaker demand from China decreased soybean prices, which fell 3% since last quarter and were still up 58% from last year, at US$13.90/bushel. 

MY 2020/2021 tree nut prices mixed as markets seek balance

Annual U.S. average grower tree nut prices (USD per lb.)

Chart shows how Increases in production depressed prices for pistachios, almonds and walnuts in 2020/2021.
Source: Years are marketing years. USDA NASS, October 2021. Permanent crop prices are published on an annual basis by the USDA National Agricultural Statistics Service (USDA NASS). Almond, pistachio, and walnut price estimates for the current year are calculated by using the percent annual changes for the crop year in the prices from Manulife sources. Export volume data from the USDA Economic Research Service.

MY 2020 almond (August 2020 to July 2021) prices declined because of abundant crops. The United States' almond production is estimated at 3 billion pounds for MY 2020. The California Almond Objective Measurement Report, released in July 2021, forecasts a 2.8 billion pound crop for MY 2021 as a result of California water issues. Prices have moved lower despite strong shipment numbers in MY 2020. Exports for marketing year 2020 were 31% higher than the previous marketing year’s exports. The MY 2020 walnut crop (September 2020 to August 2021) was a record crop at 785,000 tonnes. The increase in production caused walnut prices to decline by 38% to $0.61/lb in MY 2020. Walnut exports have also been strong, with MY 2020 exports up 17% from the previous marketing year. The California Walnut Objective Measurement Report, released in September 2021, forecasts walnut production to decline to 670,000 tonnes MY 2021 because of the drought in California. The pistachio crop has reached a milestone of producing the first one billion pound crop (in shell basis) in MY 2020 (September 2020 to August 2021). Abundant production weighed on pistachio prices, down slightly to $2.75/lb. Pistachio production is more concentrated, resulting in more pricing power for pistachio producers in the market than almond or walnut producers. Pistachio exports for MY 2020 were up 21% from the prior marketing year.

Q3 2021 NCREIF row crop returns highest since 2008, cash receipts to rise by 20%—highest since 2020

NCREIF row crops total return (% per year)

Bar chart shows that NCREIF row crop returns were the highest in Q3 2021 since 2008.

Source: NCREIF, September 2021. USDA cash crop receipts data is published three times a year in February, August, and November by the USDA’s Department of Agriculture Economic Research Service. The U.S. level calendar-year forecast is first published in February. The August release converts the previous year’s forecast to estimates and the November release updates the current year forecast. NCREIF Farmland Index total return data is published on a quarterly basis. NCREIF quarterly total row crop returns are aggregated to form the total return for the year. The total return as seen on the bar chart may not equal the annual total return as reported by NCREIF, because the NCREIF annual return is calculated by multiplying instead of adding quarterly returns together.

Q3 2021 NCREIF row crop returns were 2.25%, the highest Q3 quarterly return since 2008. High prices helped boost farmers’ returns and provided support for better appreciation returns. USDA farm income and wealth statistics project 2021 row crop cash receipts to rise by 24%, the largest increase in cash receipts since 2007. The year-to-date total return for NCRIEF Farmland through the first three quarters has already surpassed the annual performance of the previous six years. 

Important Disclosure:

A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions and closures, and affect portfolio performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other preexisting political, social, and economic risks. Any such impact could adversely affect the portfolio’s performance, resulting in losses to your investment


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The information provided does not take into account the suitability, investment objectives, financial situation, or particular needs of any specific person. You should consider the suitability of any type of investment for your circumstances and, if necessary, seek professional advice.

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Neither Manulife Investment Management or its affiliates, nor any of their directors, officers or employees shall assume any liability or responsibility for any direct or indirect loss or damage or any other consequence of any person acting or not acting in reliance on the information contained here. All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment or legal advice. Clients should seek professional advice for their particular situation. Neither Manulife, Manulife Investment Management, nor any of their affiliates or representatives is providing tax, investment or legal advice. This material was prepared solely for informational purposes, does not constitute a recommendation, professional advice, an offer or an invitation by or on behalf of Manulife Investment Management to any person to buy or sell any security or adopt any investment strategy, and is no indication of trading intent in any fund or account managed by Manulife Investment Management. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Diversification or asset allocation does not guarantee a profit or protect against the risk of loss in any market. Unless otherwise specified, all data is sourced from Manulife Investment Management. Past performance does not guarantee future results.


Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model.

This material has not been reviewed by, and is not registered with, any securities or other regulatory authority, and may, where appropriate, be distributed by the following Manulife entities in their respective jurisdictions. Additional information about Manulife Investment Management may be found at manulifeim.com/institutional.


Australia: Manulife Investment Management Timberland and Agriculture (Australasia) Pty Ltd., Manulife Investment Management (Hong Kong) Limited. Canada: Manulife Investment Management Limited, Manulife Investment Management Distributors Inc., Manulife Investment Management (North America) Limited, Manulife Investment Management Private Markets (Canada) Corp. China: Manulife Overseas Investment Fund Management (Shanghai) Limited Company. European Economic Area: Manulife Investment Management (Ireland) Ltd. which is authorised and regulated by the Central Bank of Ireland Hong Kong: Manulife Investment Management (Hong Kong) Limited. Indonesia: PT Manulife Aset Manajemen Indonesia. Japan: Manulife Investment Management (Japan) Limited. Malaysia: Manulife Investment Management (M) Berhad 200801033087 (834424-U) Philippines: Manulife Asset Management and Trust Corporation. Singapore: Manulife Investment Management (Singapore) Pte. Ltd. (Company Registration No. 200709952G) South Korea: Manulife Investment Management (Hong Kong) Limited. Switzerland: Manulife IM (Switzerland) LLC. Taiwan: Manulife Investment Management (Taiwan) Co. Ltd. United Kingdom: Manulife Investment Management (Europe) Ltd. which is authorised and regulated by the Financial Conduct Authority United States: John Hancock Investment Management LLC, Manulife Investment Management (US) LLC, Manulife Investment Management Private Markets (US) LLC and Manulife Investment Management Timberland and Agriculture Inc. Vietnam: Manulife Investment Fund Management (Vietnam) Company Limited.

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Keith A. Balter

Keith A. Balter, 

Senior Advisor, Strategic Initiatives, Timberland and Agriculture

Manulife Investment Management

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Jaspreet Aulakh

Jaspreet Aulakh, 

Senior Natural Resource Economist

Manulife Investment Management

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Weiyi Zhang, Ph.D.

Weiyi Zhang, Ph.D., 

Senior Agricultural Economist

Manulife Investment Management

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