4.A. Advisory Firm Description IFC Investment Management, LLC (the “Adviser”) is a Delaware limited liability company that was formed in 2010. The Adviser’s principal place of business is located in Raleigh, NC. The Firm also maintains an office in Kinston, NC, which is the Firm’s registered office and used solely for administrative functions. No investment advisory services are conducted in the Kinston office. The manager of the Adviser is Charlie McNairy. The Adviser is majority owned by International Farming Corporation 2, LLC. The principal owners of International Farming Corporation 2, LLC are John McNairy and Charlie McNairy. Mary Elizabeth McNairy and Charlie McNairy are the managing members of International Farming Corporation 2, LLC. The Adviser is under common control and ownership with an affiliated federally registered investment adviser: IFC Core Investment Management LLC (“IFC Core”). The Adviser has elected to file as a related adviser of IFC Core on the basis noted in Item 2 of its Form ADV Part 1 and operates a consolidated compliance program along with IFC Core. 4.B. Types of Advisory Services As of the date of this Brochure, the Adviser provides investment advice to two (2) closed-end pooled investment vehicles ( “USFRT II” and “USFRT III”), each formed as a Delaware limited partnership (the “Funds” and each, a “Fund”), that hold their farmland investments through direct real estate interests (directly farmed or leased) and related investments, such as storage, processing, and marketing operations related to the crops and products grown, which have not been securitized. As of the date of this Brochure, the investment periods for all Funds

managed by the Adviser have expired. The Adviser also manages co-investment vehicles, the terms of which may differ from those of the Funds as detailed in the applicable advisory or other operating agreements. 4.C. Client Investment Objectives/Restrictions The Funds’ investments are managed in accordance with the strategy, investment objectives, restrictions and guidelines of each Fund, including any restrictions in the limited partnership agreements of the Funds, and are not tailored to the individualized needs of any particular investor in a Fund (each an “Investor” or “Limited Partner”). Therefore, Investors should consider whether investing in a Fund meets their investment objectives and risk tolerance prior to investing. Information about the Funds can be found in their respective offering documents, which are available to certain qualified Investors. The Adviser’s investment advisory services to a Fund will be tailored to the needs of the applicable Fund. Each Fund’s limited partnership agreement places certain restrictions on the Fund’s General Partner (the “General Partners” and each, a “General Partner”) and the Adviser relating to the applicable Fund’s investments. 4.D. Wrap-Fee Programs The Adviser does not participate in, nor is it a sponsor of, any wrap fee programs. 4.E. Assets Under Management as of December 31, 2023: As of the date of this filing, the Adviser does not have any regulatory assets under management and does not provide investment advice with respect to securities, as the pooled investment vehicles under its management hold only direct real estate interests and related investments, which have not been securitized.