About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Food and Agriculture Finance Update - June 14, 2022

Having trouble viewing this newsletter? View it online.
CDFA Food and Agriculture Finance Update
June 14, 2022
Subscribe
View Archives
CDFA Food & Agriculture Finance Update

Features

USDA Announces Framework for Shoring Up the Food Supply Chain
The U.S. Department of Agriculture announced details of a framework to transform the food system to benefit consumers, producers, and rural communities by providing more options, increasing access, and creating new, more, and better markets for small and mid-size producers. The package includes new aid to support food supply chain infrastructure outside meat processing, regional food business centers, a new organic transition initiative, and urban agriculture.

Dive Into Development Finance with CDFA's Virtual Summer School!
CDFA Virtual Summer School is a week-long series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer three different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year. These courses also qualify for the CDFA Training Institute's Development Finance Certified Professional Program!

ReFED and Closed Loop Partners Announce Funding Platform to Scale Food Waste Solutions
ReFED and Closed Loop Partners launch a new $100M Circular Food Solutions Funding Platform, a blended finance investment and innovation platform to scale food waste reduction solutions by mobilizing critical capital into the sector. The platform is designed to provide private and philanthropic financing and other support for organizations, municipalities, and innovators that are developing solutions to help reduce the 35% of food that goes unsold or uneaten each year in the United States.

Check Out CDFA's New Report Debunking Risk in Food System Lending
Food and agriculture-related businesses are often perceived as too risky for traditional lending approaches, yet CDFA research tells a different story. This report, with loan-level data from over a thousand funds nationwide, demonstrates that food system loans perform and that revolving loan funds can successfully support local food system borrowers in their communities.

Pennsylvania Governor Highlights Investment in Innovative Solution to Feeding the Future
Bowery Farming, the largest vertical farming company in the U.S., received funding for a new farm in Bethlehem, PA. With support from the Department of Community and Economic Development for a $210,000 Pennsylvania First grant and a $250,000 Enterprise Zone Tax Credit through the Neighborhood Assistance Program, Bowery has constructed a 150,000 square-foot facility on 8.7 acres that will create and retain at least 70 new, full-time jobs over the next three years.

House Agriculture Committee Passes Butcher Block Act
The U.S. House Agriculture Committee unanimously passed a bipartisan bill introduced by U.S. Rep. Dusty Johnson (R-SD) that would make improvements to the pricing of cattle in America. The Butcher Block Act, H.R. 4140 would establish a loan program at the U.S. Department of Agriculture (USDA) Rural Development for new and expanding meat processors.

Groundbreaking Held for New Tribal Foods Distribution Building
A groundbreaking was held for a nearly 8,000 square foot addition to the Tribal Foods Distribution Program of the Eastern Band of Cherokee Indians (EBCI). The project was funded through a $5.3 million USDA grant, $4 million in ARP (American Rescue Plan) funds, and $1 million from the capital fund of the EBCI.

Orchard Farming in Opportunity Zones
Farmland can be a compelling asset class for Opportunity Zone investors, as a hedge against inflation and a profitable source of income. But what about orchard farming and other, more specialized agricultural operations? This podcast from OpportunityDb features Josh Guggenheim, the Director of Acquisition at Gold Leaf Farming, a company focused on sustainable farm sourcing and expansion efforts in California and Arizona.

Local Food Hubs: The Next Revolution in Urban Planning
It's time for local food production to be a staple of urban planning and for businesses to get involved. Investing in accessible and sustainable options like food hubs could normalize local food production and inevitably create a flywheel of funding that would trickle down to more and more growers.

Upcoming Events
CDFA Virtual Summer School

CDFA // BNY Mellon Development Finance Webcast Series: Racial Equity in the Bond Markets
Tuesday, June 21, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we continue a conversation sparked during last year's series with a look at new initiatives being implemented to encourage more transparency around racial equity in municipal bond offerings.

Intro Public-Private Partnership (P3) Finance WebCourse
June 29-30, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Intro Public-Private Partnership (P3) Finance WebCourse examines this emerging development finance model with a focus on how development finance agencies can adopt P3 principles to address a variety of projects. This course will cover basic P3 concepts, key players involved in transactions, asset valuation, contract negotiation, risk assessment, revenue stream development, and feasibility analysis.

Food & Agriculture Finance News

LEAP Expands Access to Healthy Food in Roanoke, VA West End Community
The Roanoker | Jun. 13 | Access to Capital | Federal | Food Systems Finance | State Finance Program

U.S. Department of Agriculture to Invest Up to $65M in Pilot Program to Strengthen Food Supply Chain, Reduce Irregular Migration, and Improve Working Conditions for Farmworkers
USDA | Jun. 10 | Access to Capital | Agriculture Finance | Federal | Social Finance | U.S. Dept. of Agriculture (USDA)

Reinvestment Fund Awards $22.6M for Healthy Food Access in Underserved Communities
PR Web | Jun. 10 | Access to Capital | Federal | Food Systems Finance | Public-Private Partnership (P3) Financing | U.S. Dept. of Agriculture (USDA)

New Farm and Food Legislation Advances Vermont Agriculture
Bennington Banner | Jun. 7 | Access to Capital | Agriculture Finance | Legislative | State Finance Program

Legislation to Diversify and Strengthen Farms Through New Jersey Registry Advances
Newswires | Jun. 7 | Access to Capital | Agriculture Finance | Legislative | Social Finance | State Finance Program

USDA Advances Food System Transformation with $43M for Urban Agriculture and Innovative Production
USDA | Jun. 3 | Access to Capital | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA)

Despite 500 Fewer Jobs, Keeping Farmers Insurance Mega Tax Credits Was Right Call
mlive | Jun. 2 | Agriculture Finance | Economic Development | Incentives | Tax Credits

King County, WA to Seek Federal Infrastructure Investments in Salmon
Big Country News | May. 31 | Food Systems Finance | Infrastructure Finance

Funding Opportunity to Support Pennsylvania's Farmer-Veterans
Pennsylvania Pressroom | May. 27 | Access to Capital | Agriculture Finance | Social Finance | State Finance Program

Biden-Harris Administration Announces New Actions to Strengthen Food Supply Chains
USDA | May. 26 | Access to Capital | Federal | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

$1M Grant Will Kickstart Hawaii's Next Generation of Farmers
University of Hawaiʻi at Manoa | May. 26 | Access to Capital | Agriculture Finance

Topeka, Kansas Addresses Rural, Agricultural Issues
Kansas Farmer | May. 25 | Access to Capital | Agriculture Finance | Legislative | Revolving Loan Funds (RLFs) | Rural Development

Regrow Ag Raises $38M to Push Companies to Meet Net-Zero Targets Using Agriculture
Grit Daily | May. 24 | Access to Capital | Agriculture Finance | Innovation Finance

Evers Creates $10M Grant Program for Meat Processors, Continuing State Investment
Wisconsin Public Radio | May. 23 | Access to Capital | Federal | Food Systems Finance | Legislative | State Finance Program

Minnesota Passes Bipartisan Agriculture, Broadband, & Drought Relief Agreement
Minnesota Senate Republican Caucus | May. 22 | Access to Capital | Agriculture Finance | Legislative | Revolving Loan Funds (RLFs) | Rural Development | State Finance Program

Michigan Grants $630K to Local Companies for Increased Production Facilities
Michigan Farm News | May. 19 | Access to Capital | Food Systems Finance | State Finance Program

USDA to Provide Approximately $6B to Commodity and Specialty Crop Producers Impacted by Natural Disasters
USDA | May. 16 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Federal | U.S. Dept. of Agriculture (USDA)

Farm Service Agency Loans Available for Beginning Farmers
Ohio's Country Journal | May. 11 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs)

Private Investment into Food Waste Solutions Topped $7.8B Since 2011
PR Newswire | May. 11 | Access to Capital | Food Systems Finance | Innovation Finance

General Mills Invests in Eco-Harvest
Food Business News | Jun. 8 | Access to Capital | Agriculture Finance | Foundations | Resiliency


CDFA Resources

Debunking Risk in Food System Lending
Agriculture Finance | CDFA Original Research | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development
Food and agriculture-related businesses are often perceived as too risky for traditional lending approaches, yet CDFA research tells a different story. This report, with loan-level data from over a thousand funds nationwide, demonstrates that food system loans perform and that revolving loan funds can successfully support local food system borrowers in their communities.

Stronger Together - Federal Funding and Planning Strategies for Rural America
Access to Capital | Agriculture Finance | Community Development | Economic Development | Energy Finance | Federal | Housing Finance | Infrastructure Finance | Innovation Finance | Revolving Loan Funds (RLFs) | Rural Development | Tribal Finance | Water Finance
U.S. Department of Agriculture (USDA) Rural Development and U.S. Economic Development Administration (EDA) launched a joint resource guide to help community organizations access USDA and EDA resources to build strategies to boost economic development in rural America. The guide outlines programs and services that can be used to advance community and economic development in rural communities through four key focus areas and features information and links to USDA and EDA key priorities and resources.

Mobilizing Money & Movements: Creative Finance for Food Systems Transformation
Access to Capital | Food Systems Finance | Revolving Loan Funds (RLFs)
The Global Alliance for the Future of Food and Transformational Investing in Food Systems Initiative (TIFS) released a comprehensive new report that gives investors a roadmap of creative finance strategies that support entrepreneurs, farmers, activists, and social movements and helps to transform food economies towards healthy, equitable, and renewable systems.


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
info@cdfa.net

Archives

Displaying 1 - 30 of 89

April 9, 2024
March 12, 2024
February 13, 2024
January 9, 2024
December 12, 2023
November 14, 2023
October 10, 2023
September 12, 2023
August 8, 2023
July 11, 2023
June 13, 2023
May 9, 2023
April 11, 2023
March 14, 2023
February 14, 2023
January 10, 2023
December 13, 2022
November 8, 2022
October 11, 2022
September 13, 2022
August 9, 2022
July 12, 2022
June 14, 2022
May 10, 2022
April 12, 2022
March 8, 2022
February 8, 2022
January 11, 2022
December 14, 2021
November 9, 2021




CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor