EXPANDING OUR IMPACT FROM FARM TO FOODSHED
ADIRONDACK NORTH COUNTRY ASSOCIATION
One way we expand our footprint as well as our impact is through collaboration with Adirondack North Country Association (ANCA). The goal of the partnership is to extend flexible, mission-driven capital to farms and food producers in northern New York state. Founded in 1955, ANCA is a non-profit organization working to build dynamic local economies that sustain thriving communities throughout North Country. ANCA’s region encompasses 38% of the geography of the state and is home to 1.26 million people living in 255 small towns and 14 small cities.
ANCA worked with FoodCap to develop their "SOIL Loan Fund" with the goal of supporting North Country food producers who have difficulty accessing financing through conventional loan programs—and it's clear the need is significant. In years 2019 and 2020, the organization received over $1.6 million in grant requests for a pool of just $200,000 in available funding. Although ANCA was able to award grants to 16 farms and businesses for projects that improved farm stability and local food access, they began a campaign to offer additional capital as soon as possible.
With Foodshed Capital's help, as well as collective funding contributions from regional banks, philanthropy, and crowd sourcing, ANCA launched its SOIL Loan Fund in May 2022 with $100,000 in 0% capital.
ARE YOU A NEW YORK FARMER IN NEED OF FUNDING?
The Agrarian Commons is an innovative land-ownership model that increases land access and tenure for the next generation of farmers. This model challenges corporate and large-scale agriculture land-ownership models and offers a new, sustainable approach for the small farmer.
Foodshed Capital is partnering with Agrarian Trust to help execute the Agrarian Commons in central Virginia. As 501(c)(2) subsidiaries of the national 501(c)(3) Agrarian Trust, the Commons hold land and related assets in community-centered entities that then convey affordable and equitable leases to farmers expanding regenerative, chemical-free, diversified food production.
Foodshed Capital's role in the partnership is to provide financing needed by Agrarian Commons for things like land acquisition or post-acquisition equipment and infrastructure. With the support of impact investment, we'll begin making our first loans in support of the Richmond and Roanoke, Virginia Commons in 2022.
PENNSYLVANIA FARM VITALITY
Foodshed Capital provides bridge loans to regenerative farmers in Pennsylvania who have been awarded grants through the Farm Vitality Planning Grant Program, a program of the Pennsylvania Farm Bill. The program helps fund professional services for those planning for the future of their farms, such as strategic farm expansion, sound business planning, efficient transitions of farm ownership, and diversification of agricultural production.
Since September 2020, Foodshed Capital has provided fourteen Farm Vitality bridge loans to Pennsylvania farms totaling $109,250. Although the Farm Vitality funding will likely conclude in 2022, FoodCap regularly offers bridge loan funding for farmers who have received public grants around the mid-Atlantic.
ARE YOU A GRANT RECIPIENT IN NEED OF BRIDGE FUNDING?