About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Food and Agriculture Finance Update - July 9, 2019

Having trouble viewing this newsletter? View it online.
CDFA Food and Agriculture Finance Update
July 9, 2019
Subscribe
View Archives
CDFA Food & Agriculture Finance Update

Features

CDFA Food Finance White Paper Series: Food Systems & Bonds
Research and written by CDFA, this is the third white paper in a series examining the potential creation of a food systems asset class which supports the market growth of local and regional food systems which meet the economic, social, environmental, and cultural needs of communities throughout the country. This paper focuses specifically on bond financing, which CDFA considers a ‘bedrock tool' for the historic and foundational role bonds have played in public financing.

PA "Ugly" Produce Startup Raises $16.5M
Misfits Market, a North Philly-based produce service that gathers and ships out fruits and vegetables that would likely go to waste otherwise just raised $16.5 million of Series A financing to expand its delivery service to much of the East Coast. Misfits Market, started last summer, sources produce from organic farmers that won't get sold to a grocery store, usually because they're cosmetically imperfect.

OH Re-Opens Lending Program for Farmers Impacted by Floods
Due to the extreme weather that has taken a devastating toll on parts of Ohio, Treasurer Robert Sprague announced he has re-opened the application period for the Ag-LINK program. Through this round of applications, farm operators and agribusiness owners based in Ohio can receive a 2% interest rate reduction on loans up to $150,000. Ag-LINK can provide significant savings and much needed relief to farmers and agribusinesses impacted by recent storms and floods.

Ag Tech Startup Raises $1.3M to Connect Farmers with Lenders
An agriculture startup that participated in the inaugural Techstars Farm to Fork accelerator last summer has closed on a $1.3 million seed round of funding to grow its business internationally. St. Paul-based Traive Inc. is a digital lending platform focused on helping farmers get the capital they need to invest in their business, including introducing technology to help them become more efficient and productive.

Market in TX to Use TIF for Historical Touches
As work on the The Elm Avenue Market continues with city financial backing, the company behind it is opting to highlight the building's historical features. The city approved almost $97,000 from the Tax Increment Financing Zone to support the project. The board signed off on shifting $22,011 originally set aside for sidewalks and parking improvements to instead be used to cover the cost of restoring historical elements of the building.

PA Farm Bill to Invest $23M in State's Agriculture Industry
Governor Wolf signed the PA Farm Bill into law July 1, enacting legislation that will support the agriculture industry across the state. The bill will make $23.1 million in strategic investments into the state's largest industry. The bill will also create tax exemptions for qualified beginning farmers, invest $5 million into Pennsylvania's Dairy Investment Program, and utilize $500,000 to reimburse the cost of meat processing inspections for small farmers and butchers.

USDA Farm Bill Implementation Progress Update
U.S. Secretary of Agriculture Sonny Perdue announced an update on the implementation status of the 2018 Farm Bill. President Trump signed this Farm Bill into law on December 20, 2018, and the U.S. Department of Agriculture (USDA) promptly began implementing key programs. In addition, USDA held several listening sessions with stakeholders and the public specific to each agency's respective mission areas.

Mid-Sized Farms Are Disappearing, But This Program Could Reverse the Trend
The Ag of the Middle Accelerator Program from Portland-based nonprofit Ecotrust aims to do just that. The two-year program helps smaller farms, ranches, and fishermen grow to gross between $100,000 to $3 million. And it hopes to build a model that can be borrowed and reproduced all around the country. To help smaller producers make their operations cost-effective, Ecotrust also created a 2,000 square-foot food hub.

Upcoming Events
CDFA Summer School

CDFA // BNY Mellon Development Finance Webcast Series: Capital for Main Street
Tuesday, July 16, 2019 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will explore some of the creative financing tools that are being utilized in Main Street Communities around the country.

Food & Agriculture Finance News

US Agriculture Needs a 21st-Century New Deal
Common Dreams | Jul. 4 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Green Finance

Rural America Could Power a Renewable Economy
Clean Cooperative | Jul. 2 | Agriculture Finance | Energy Finance | Green Finance | Rural Development

FL Extends Ag Loans for Producers Affected by Hurricane Michael
Florida Politics | Jun. 29 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance

SD Changes Some Ag-Loan Agreements
Kelo | Jun. 28 | Access to Capital | Agriculture Finance | Green Finance | Rural Development

Foundations That Can Unlock The Food System
Stanford Social Innovation Review | Jun. 27 | Access to Capital | Agriculture Finance | Community Development | Economic Development | Food Systems Finance

Farm to School Act of 2019 Introduced in House and Senate
Sustainable Agriculture | Jun. 27 | Agriculture Finance | Community Development | Food Systems Finance | Legislative

Ag Working Capital Continues to Decline
KRTV | Jun. 26 | Access to Capital | Agriculture Finance | Food Systems Finance

Sustainable Crop Protection Company Announces Series B Financing
PR Newswire | Jun. 24 | Access to Capital | Agriculture Finance | Food Systems Finance | Green Finance

Trade Wars Thrust Farmers Into Desperation Loans
Politico | Jun. 24 | Access to Capital | Agriculture Finance | Economic Development | Food Systems Finance | Rural Development

Lack of Internet Access Is Hurting WV
New Delhi Times | Jun. 22 | Agriculture Finance | Community Development | Economic Development | Food Systems Finance | Rural Development

Americans Deserve Better Coverage of Carbon Finance
The Hill | Jun. 22 | Agriculture Finance | Green Finance | Rural Development

PA Fresh Food Financing Initiative (FFFI) Application Now Open!
The Food Trust | Jun. 21 | Food Systems Finance

Rural Broadband Could Generate $65 Billion in Economic Benefits 
Farm Bureau | Jun. 20 | Agriculture Finance | Food Systems Finance | Infrastructure Finance | Rural Development

Thinking About Starting a Food-Related Business? Take This Advice
Eater | Jun. 18 | Access to Capital | Agriculture Finance | Food Systems Finance

MN Signs Ag, Housing, Rural Development Bill Into Law
MNSRC | Jun. 18 | Agriculture Finance | Housing Finance | Legislative | Rural Development

Good Food Purchasing Program Brings Sustainability, Equity to Its Food Purchasing
Civil Eats | Jun. 17 | Agriculture Finance | Community Development | Economic Development | Food Systems Finance

Canada Announces $134M National Food Policy
The Globe and Mail | Jun. 17 | Agriculture Finance | Food Systems Finance

FL Announces First Bridge Loan for Hurricane-Struck Farm
Florida Politics | Jun. 16 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance

On Food Redlining, Reparations, And Freeing The Land
Essence | Jun. 12 | Agriculture Finance | Community Development | Food Systems Finance

Farm Bill Surprise: American Indian Higher Education
Captial Journal | Jun. 11 | Agriculture Finance | Legislative | Tribal 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
info@cdfa.net

Archives

Displaying 1 - 30 of 38

January 14, 2020
December 10, 2019
November 12, 2019
October 8, 2019
September 10, 2019
August 13, 2019
July 9, 2019
June 11, 2019
May 14, 2019
April 9, 2019
March 12, 2019
February 12, 2019
December 11, 2018
November 13, 2018
October 9, 2018
September 11, 2018
August 14, 2018
July 10, 2018
June 12, 2018
May 8, 2018
April 10, 2018
March 13, 2018
February 13, 2018
December 26, 2017
December 12, 2017
November 14, 2017
October 10, 2017
September 12, 2017
August 8, 2017
July 11, 2017




CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • 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
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • Petros PACE Finance
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor