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Food and Agriculture Finance Update - March 13, 2018

CDFA Food and Agriculture Finance Update
March 13, 2018
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CDFA Food & Agriculture Finance Update


Submit Your Proposal to Present at the 2018 CDFA National Summit
CDFA needs your help to source deals, projects and programs and will be accepting submissions for potential deals, projects and program presentations. If selected, each speaker will be given one complimentary registration to attend the CDFA National Summit.

Call for Submissions: Regional Food Economies Fellowship Program
The Wallace Center is pleased to announce a Request for Applications for the inaugural cohort of the Regional Food Economies Fellowship Program. An informational webinar will be hosted March 20th at 12:45pm EST to address frequently asked questions about the program and the application process.

PACE Used to Finance New Grocery Store in MO
Property Assessed Clean Energy (PACE) was recently used to finance a new grocery store in St. Louis, Missouri. This represents the first project to use PACE financing for new construction in Missouri and also the first project to use PACE for new construction retail in the country.

$89M from the USDA Now Available to Specialty Crop Growers
Nearly $89 million is available from USDA through the Specialty Crop Block Grant Program to support specialty crop growers, strengthen local and regional food systems, and explore new market opportunities for farmers and ranchers. 

In CT, South Windsor, Agriculture Department Teaming Up To Preserve Farmland
A plan is in place for the town council of South Windsor and the Connecticut Department of Agriculture to team up and purchase the development rights of prime Connecticut farmland for $724,000. Funding for the land would come from the $1.9M open space fund which was passed at referendum several years ago.

New Dairy Plant Boosts MI's Industry Ecosystem
Foremost Farms' new milk processing plant will increase capacity and accessibility for Michigan dairy farmers, while providing a major boost to Michigan's dairy industry. The much-needed facility will become a major processing plant for what is currently a surplus milk supply in Michigan.

Trump Budget Would Slash Farmland Conservation Incentives
President Donald Trump's 2019 budget request would slash funding for farm bill conservation programs by about $13 billion over 10 years, on top of cuts already sustained in the 2014 Farm Bill. 

Opinion: Could Green Bonds Be Used to Transfer Ag. Lands to the Next Generation?
Green bonds are loans backing environmentally-related investments and could assist the intergenerational transfer of Ag. lands.

Upcoming Events
Intro Tax Credit Finance WebCourse

CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern
The CDFA Federal Financing Webinar Series is an exclusive, five-part online offering that will convene finance experts, federal agencies, and local practitioners to discuss the development finance programs offered by the federal government.

Food & Agriculture Finance News

CDBG Funding Helps Provide Pocatello Senior Activity Center with Oven
Idaho State Journal | Mar. 12 | Access to Capital | Food Systems Finance

Kraft Heinz Hatches Incubator for Disruptive Brands
Food Dive | Mar. 12 | Access to Capital | Food Systems Finance

Good Food Access Equipment Grants Available in MN
MN Department of Agriculture | Mar. 5 | Food Systems Finance

USDA Announces Support for Capacity Building in Tribal Communities
USDA | Mar. 1 | Access to Capital | Agriculture Finance | Food Systems Finance

CDBG Used for Food Bank's Community Solutions Center in VA
The Roanoke Times | Mar. 12 | Access to Capital | Community 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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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