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CDFA Food and Agriculture Finance Update - February 12, 2019

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CDFA Food and Agriculture Finance Update
February 12, 2019
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CDFA Food & Agriculture Finance Update


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.

Upcoming Events
Intro Bond Finance WebCourse

CDFA // BNY Mellon Development Finance Webcast Series: The Food System: Thinking Outside of the Silo
Tuesday, February 12, 2019 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Webcast Series, our expert speakers will think outside the silo and recognize the food system as an economic development tool by discussing innovative financing to fill the gaps of regional food systems.

Food & Agriculture Finance News

Food Hub Coming to Southeast IN
The Herald Tribune | Feb. 4 | Food Systems Finance

Nonprofits Help Build a More Equitable and Sustainable Food System
Nonprofit Quarterly | Jan. 30 | Food Systems Finance

TN Governor Issues Executive Order to Assist Rural Areas
Governing | Jan. 28 | Access to Capital | Agriculture Finance | Rural Development

Food Business Boot Camp Coming to WI
Door County Pulse | Jan. 25 | Food Systems Finance

RESEED Recovery Fund Now Available
Natural Capital Investment Fund | Jan. 22 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance

Robert Wood Johnson Foundation: Health and Climate Solutions Grants
Robert Wood Johnson Foundation | Jan. 22 | Community Development | Food Systems Finance | Water Finance

Atlanta Community Foundation Invests $1M in Reinvestment Fund
Reinvestment Fund | Jan. 22 | Community Development | Economic Development | Food Systems Finance

$650K USDA Grant Supports AR Food Systems Project
Magnolia Reporter | Jan. 18 | Agriculture Finance | Food Systems Finance

Organizations Shaking Up the Food System in 2019
Foodtank | Jan. 16 | Agriculture Finance | Food Systems Finance

How Can We Produce Enough Protein to Feed 10 Billion People? 
World Economic Forum | Jan. 14 | Agriculture Finance | Food Systems Finance | Public-Private Partnership (P3) Financing

Local Food Stays Local with Agricultural Business and Innovation Park in WA
Thurston Talk | Jan. 10 | Agriculture Finance | Economic Development | Food Systems Finance

A New Food Incubator Opens Doors to Food Entrepreneurs in Chicago, IL
IFF | Jan. 9 | Community Development | Food Systems Finance | Tax Increment Finance (TIF)

Interview with the Founder and CEO of the Economic and Community Development Institute
IFF | Jan. 9 | Community Development | Economic Development | Food Systems Finance

The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


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