A Black-Led Food Co-op Grows in Detroit, MI
As well as delivering the benefits of a democratically-governed institution that sells healthy food, the Detroit co-op plans to create 20 to 40 jobs, provide opportunities for local entrepreneurs and stimulate other aspects of the local economy. It is part of a wave of similar projects in cities such as Flint, Michigan, and Dayton, Ohio, that have received support from charitable foundations.
MI Food Hubs Make Economy Healthier
Food hubs are a relatively new way to get local food from farmers to consumers. As part of KVCC's Bronson Healthy Living Campus, ValleyHUB takes the concept a step further by studying and experimenting to see if the hub system could be truly sustainable in an urban environment.
Finding the Sweet Spot for a Sustainable Nonprofit Grocery in DC
To get around the challenge of profit margins, Good Food Markets was developed as a social enterprise of the nonprofit Oasis Community Partners. They aimed for a small-format store that doesn't require extensive management and can operate with a focused management team of employed, local residents.
Kroger to Open Mobile Grocery Store in Louisville, KY
By the end of 2019, a mobile grocery store is expected to be traveling Louisville's streets. Dare to Care Food Bank announced plans for the mobile market in partnership with Kroger and Louisville Forward, the city's economic development arm, which committed $60,000 to the project.
The Major Players in Agri-Finance
The types of players include banks that specialize in agricultural loans, nonbank finance companies that do land and equipment loans, farmer-owned lending co-ops, REITs that own and manage farm real estate, private equity funds that buy cropland, sovereign wealth funds, and, of course, pension funds.
Corporate Investment in Farmers Sustainable Transition
Less than one percent of United States farms had an organic certification in 2017, according to the United States Department of Agriculture (USDA). There are two major financial barriers to farmer adoption of these sustainable methods: high upfront costs and the 36-month transition period for the organic certification. To support farmers as they transition, there are many finance schemes companies are putting in place with their suppliers.
USDA Highlights Key Accomplishments in 2018 That Are Building Rural Prosperity
In a recent press release, the USDA highlighted their 2018 work that assisted rural communities in building prosperity and contributing to America's economy. That work included investing in new and improved broadband, modernized rural electric infrastructure, new and improved water and wastewater infrastructure, and new roads and ports.