What performance can I expect?
Average annual performance: 5.3% (income¹ + asset appreciation²) from a tangible agricultural real asset and designed for long-term capitalisation.*
Income
The model is based on lease payments from selected partner farmers who rent the livestock.
This generates stable and predictable income over time.
Average annual net income¹: +3.24%* over the observed period.
Asset appreciation
The value of the underlying “livestock” asset² also evolves over time.
Over the last 10 years, the unit value has increased by an average of +2.1%* per year (+21% between 2014 and 2024), reflecting the resilience of this real asset within the agricultural economy.
Capitalisation
This investment is designed for long-term capitalisation: returns can be reinvested, increasing your exposure to the underlying tangible asset and enhancing potential growth over time.
It is particularly suited to investors looking to build or preserve wealth over the long term, for retirement or succession planning.
Investment example
Illustrative scenario / assumptions: €98 450 invested, i.e. 50 units over 10 years
→ Average income¹ + asset performance² = +€58,774** gain.
Exit fees apply on disposal.
A fully asset-backed, real-economy model:
This investment is entirely backed by tangible assets and real economic activity. Returns arise from operational livestock leasing, not from interest-based mechanisms, leverage or financial speculation. When returns are capitalised, they are used to acquire additional livestock on behalf of the investor, increasing the size of the herd they own over time.
Tax treatment (French tax residents only)³:
• Annual amortisation of 10% of the invested amount over 10 years
• Possible creation of a deductible accounting loss if amortisation exceeds income
• Full exemption from capital gains tax after 5 years of holding
¹ The average annual income is calculated over the calendar period from 2013 to 2023.
² Asset appreciation over 10 years corresponds to the change in capital between the reference year 2014 and 2024, based on the unit price of one cow (excluding entry fees).
³ The tax deductibility mechanisms described apply only to investors who are tax residents in France and eligible for the French agricultural income regime (Article 63
of the French Tax Code). Eligibility notably requires that the household’s annual net income be below €141,863 before the 10% salary allowance. Any tax advantages
depend on each investor’s individual circumstances and on French tax law in force. Investors who are not French tax residents should consult their usual tax advisor to
assess the tax consequences of this investment in their country of residence.
* Past performance is not a reliable indicator of future results. This investment carries a risk of partial or total loss of capital and may have limited liquidity
** The amounts shown do not take into account the 10% exit fee.
MyMarguerit is built on a tangible economic reality: dairy cattle (your underlying asset) are leased to French farmers and supervised by our technical management company.
The model benefits from rigorous management and several layers of risk mitigation:
➔ Animals are spread across multiple farms to diversify operational risk.
➔ Each animal is insured, including in the event of loss or health-related incidents.
➔The herd is naturally renewed through births, supporting the long-term sustainability of the asset.
Who is this investment for?
For those who:
Answers to your frequently asked questions
Is this investment registered with a financial authority?
Yes. The investment is registered with the French Financial Markets Authority (AMF) as a “miscellaneous asset” under registration number D-21-01.
Is there a risk of losing my capital?
As with many investments, there is a risk of partial or total loss of capital.
Who manages the herds in practice?
Herd management is carried out by Gestel, the technical and operational manager of MyMarguerit. Gestel oversees the entire life cycle of the animals, from health monitoring to the natural renewal of the herd, in close cooperation with partner farmers. This set-up ensures the proper execution of the projects financed by your investment – you do not have to manage anything yourself.
Who selects the agricultural projects?
Gestel rigorously selects projects and partner farmers according to economic, sanitary and environmental criteria. Our technicians across France regularly visit the farms.
Is this an ethical or responsible investment?
Yes. The product is built on concrete ESG criteria: animal welfare, farmers’ mental health, food traceability and rigorous governance. The approach has been developed with PwC.
What exactly does my money finance?
Your funds are used to acquire cattle which are then made available to farmers. This allows them to develop their activity or refinaWho selects the agricultural projects?nce their existing herd without going into debt.
When and how is income paid out?
Income is capitalised during the first 3 years. From year 4 onwards, the investor can choose to remain in capitalisation mode or opt for an annual income distribution.
Do I lose money if one farmer faces difficulties?
No. Investments are diversified across multiple farms to mutualise risk. If one farm encounters difficulties, this does not have a direct impact on the overall performance of your investment. All operational, legal and sanitary aspects are supervised by our management team.
What happens if a cow falls ill or dies?
Farmers are required to take out insurance covering the animals in case of illness or death. This ensures that investors do not suffer a loss in the number of animals they hold. In addition, the herd is naturally renewed through births.
How is the herd renewed over time?
The herd is naturally renewed through births on the farms. This renewal cycle supports the long-term sustainability of the asset and avoids constant reinvestment in new animals
What are the fees?
A 6% subscription fee applies on the unit value (“Unit of Account”, the cow) of €1,857, i.e. €1,969 per unit. A 10% fee applies on the unit value at the time of exit. For eligible French tax residents, these fees are 100% deductible from income tax.**
* Price as of 25 March 2025.
Is this investment compatible with a long-term wealth strategy?
Yes. This investment offers stable income, gradual capital appreciation and can be integrated into diversification, succession or retirement strategies.
Can I get my money back at any time?
Exit is possible at any time, subject to the terms of the contract. Liquidity is regulated but remains structured to offer flexibility to investors.
