Mark Your Calendar for the 2023 CDFA Virtual Summer School!
Join us August 7-15 for a series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer five different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year – all from the comfort of your home or office! All CDFA Virtual Summer School courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program.
Everytable Raises $25M in Funding, Attracts Impact Investors Focused on Food as Medicine
Everytable, a mission-driven food company that fights for food justice by making fresh, nutritious food accessible and affordable for all, announced that it has successfully raised $25 million in the initial closing of its Series C-2 preferred stock financing. The round was led by the Dohmen Company Foundation (DCF) through the Dohmen Impact Investment Fund and focused on investing in companies capable of preventing and reversing diet-related diseases.
CDFA to Build Greenhouse Gas Reduction Fund Coalition
CDFA is building a national coalition to apply for the Greenhouse Gas Reduction Fund's Clean Communities Investment Accelerator and hosted an informational briefing on how it's building that coalition. Join today!
Financial Assistance for USDA Farm Loan Borrowers Who Have Faced Discrimination
The U.S. Department of Agriculture (USDA) announced the opening of the financial assistance application process for eligible farmers, ranchers, and forest landowners who experienced discrimination in USDA farm lending programs prior to January 2021. Section 22007 of the Inflation Reduction Act (IRA) directs USDA to provide this assistance.
How to Build a Bank to Scale Up Local Food Ecosystems
Walden Mutual Bank opened for business in October 2022, becoming the first mutual bank to open its doors since 1973. Specializing in local food and agriculture lending across New England and New York, it already has more than a thousand depositors and $44 million in assets, including loans to farmers, organic food production facilities, and even a project to build a solar array over a sheep grazing meadow to add some income for the farmer.
Indiana to Receive $15M from USDA for Independent Meat Production Expansion
The U.S. Department of Agriculture (USDA) announced that Indiana will receive $15 million in federal funds for the expansion of projects for independent meat producers. The grant money will be used to capitalize a revolving loan fund to assist small and very small Indiana meat packers and processors with access to affordable capital for meat expansion projects.
Beginning Farmer Tax Credit Expands to Further Incentivize Land Transfer in Minnesota
Owners of agricultural assets that lease or sell to beginning farmers in Minnesota may be eligible for the Beginning Farmer Tax Credit, which is open for applications through the Minnesota Department of Agriculture's (MDA) Rural Finance Authority (RFA). Qualifying applicants can include individuals, trusts, or qualified pass-through entities renting or selling land, livestock, facilities, buildings, or machinery used for farming in Minnesota to a beginning farmer.
New Native Financing Institution to Increase Access to Capital for Farmers and Ranchers
The Native American Agriculture Fund invests $12 million to stand up the first-ever Other Financing Institution (OFI) within the Farm Credit System. The OFI, Native Agriculture Financial Services, will begin by participating in loans with CDFIs investing in agriculture and rural economic development that support Native farmers and ranchers and then expand into providing credit and financial services for Native agriculture producers and Tribal governments.
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