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BLACK FARMER EQUITY INITIATIVE

Our focus on redressing historical and present-day inequities in the food and finance sectors has been a constant since our founding. Since our very first loan in 2019, we have endeavored to provide affordable, flexible capital and business support to BIPOC farmers and food entrepreneurs.

 

In 2021, we launched the Black Farmer Equity Initiative to formalize our work supporting Black farmers. Although funds raised in support of Black farmers are not held separately from our general loan fund, supporters may target funds to Black farmers if they choose.

PURPOSE

To provide Black-owned operations with 0% interest loans;

To provide no- or low-cost technical assistance for Black farmers and food business owners; and

To increase our capacity to support Black farmers through outreach and innovative financing models.

21  loans made to Black-owned operations

$561,850   in loan capital deployed to Black-owned farms and food businesses (over a third of all capital deployed)

 

$62,240+  in business support, training, micro-grants, supplies, and other costs awarded to Black-owned operations
 

PROGRESS

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ARIAN RIVERA
BLACK YARD FARM COLLECTIVE

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RALPH MORTON
CATTLE RUN FARM

FUND HIGHLIGHTS

BUTTS BROTHERS FARM 

Through a loan participation agreement, financed the purchase of a 100+ acre farm in New York state for a Black veteran / chef / farmer to expand his livestock and lard-based soap business.

MINORITY + VETERAN FARMERS OF THE PIEDMONT

Provided this organization with a $12,000 grant to support the development of mobile markets for several of their members.

PIEDMONT PROGRESSIVE FARMERS CO-OP

We cover the ongoing cost of packaging materials for this growers cooperative to help them fulfill a food procurement contract for 600 dozen eggs a week to Elon University. Over $5000 provided since the beginning of 2022.

ONGOING NO-COST BUSINESS SUPPORT

Allocated over $4,000 for multi-week business training and coaching for Black farmers with our partners at Kitchen Table Consultants.

VIRGINIA BLACK FARMER DIRECTORY

To find Black-owned farms in Virginia, please see the Virginia Black Farmer Directory. This tool was compiled by our Diversity Coordinator, Bri Stevenson, as part of her work with our partners at Local Food Hub. The Directory serves as a way for Black Farmers to connect with each other, as well as with consumers, wholesalers, and new markets.

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MARK JONES
REAL ROOTS FOOD SYSTEMS

THANKS TO THE FOLLOWING PARTNERS FOR THEIR

FINANCIAL OR OPERATIONAL SUPPORT OF THE BLACK FARMER EQUITY INITIATIVE:

ARE YOU A BLACK FARMER

SEEKING RESOURCES?

INTERESTED IN SUPPORTING OUR WORK

WITH BLACK FARMERS?