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Food and Agriculture Finance Update - August 14, 2018

CDFA Food and Agriculture Finance Update
August 14, 2018
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CDFA Food & Agriculture Finance Update


CDFA & King County, Washington Launch Partnership
With funding from the Kellogg Foundation, CDFA is researching how DFA's can become more engaged in developing localized food systems through traditional finance. CDFA is partnering with King County, Washington to develop and produce a pilot project that utilizes development finance tools for a food related development.

Cincinnati Neighborhood Works To Solve Food Access Problem
Following the close of a local Save-A-Lot grocery store in Cincinnati's Northside neighborhood, a coalition of local organizations have worked with the city council to to acquire the former Save-A-Lot building in Northside, which the city supported through 515K in funding, for the purpose of launching the Apple Street Market.

ND Rural Grocery Store Initiative Supported by CoBank, USDA
Once claiming to be the bread basket of the world, North Dakota is on its way to becoming a food desert, according to the U.S. Department of Agriculture. North Dakota Rural Grocery Initiative aims to save grocery stores, and has received support from the USDA and 190,000 from CoBank.

More Funding Made Available to Support Farm-to-School Programs Across New York
Governor Cuomo announced that $1.5 million will be made available for eligible school districts to support the growth of Farm-to-School programs for the upcoming school year. The program aims to help K-12 schools to increase the volume and variety of locally grown and produced food on school menus.

MDA Announces Good Food Access Program Awardees
The Minnesota Department of Agriculture (MDA) is pleased to announce that fourteen projects statewide, almost twice as many as last year, have been awarded funding through the Good Food Access Program (GFAP). A total of $233,750 in grant funds has been awarded to projects to purchase equipment and make physical improvements.

USDA's $12B Farmer Relief Package
Sonny Perdue, secretary of the USDA, announced the government would use the Commodity Credit Corporation (CCC), to compensate farmers for an estimated $11 billion in losses due to the trade wars. While farmers should be prepared to take advantage of the program, how it will actually work is still unclear.

$100K Awarded to Ten Food Enterprises by the Michigan Good Food Fund
Business from around Michigan were awarded $10,000 each in new Catalytic Investment Awards from the Michigan Good Food Fund, a statewide loan fund working to increase healthy food access and spark economic development in communities that need it most.

Upcoming Events
CDFA National Development Finance Summit

CDFA Federal Financing Webinar Series: U.S. Environmental Protection Agency (EPA)
August 16, 2018 - 2:00 PM Eastern
Experts on EPA financing programs will give a thorough overview of the financing options the EPA provides to support brownfields redevelopment and the development of water infrastructure. CDFA will place a specific emphasis on the various EPA Brownfields Grant Programs, including Brownfields Assessment Grants, Brownfields Revolving Loan Fund Grants, and Brownfields Cleanup Grants, as well as the financing offered through the Water Infrastructure Finance And Innovation Act (WIFIA).

Food & Agriculture Finance News

Proposed Infrastructure Plan would Increase WIFIA Appropriations
Water Finance & Management | Aug. 14 | U.S. Environmental Protection Agency (EPA) | Water Finance

Restorative Farmland Finance is Growing Organic Agriculture
GreenBiz | Aug. 14 | Food Systems Finance

Department of Agriculture Funds Wastewater Infrastructure For Rural Communities
Water Online | Aug. 14 | U.S. Dept. of Agriculture (USDA) | Water Finance

NV Department of Agriculture Funds Water Conservation Projects
The Nevada Independent | Aug. 13 | Agriculture Finance | Water Finance

Economic Development Bonds Let Governments Help Businesses
Sangre de Cristo Chronicle | Aug. 13 | Agriculture Finance | Bond Finance

$555 Million Dairy Processing Operation Will Add Nearly 300 Jobs in St. Johns
Lansing State Journal | Aug. 13 | Food Systems Finance

Area agency looks to provide food-service program for Mahoning County agencies
The Vindicator | Aug. 13 | Food Systems Finance

In Effort to Address Drought, Dept. of Agriculture Funds Water Conservation Projects for Farmers, Ranchers
Nevada Independent | Aug. 13 | Food Systems Finance

$35K Loan from RLF Supports Pizza Place in Downtown Butler, PA
ButlerRadio.com | Jul. 27 | Food Systems Finance | Revolving Loan Funds (RLFs)

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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CDFA National Sponsors

  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor