About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Food and Agriculture Finance Update - March 14, 2023

Having trouble viewing this newsletter? View it online.
CDFA Food and Agriculture Finance Update
March 14, 2023
Subscribe
View Archives
CDFA Food & Agriculture Finance Update

Features

Register Today for the 2023 Federal Policy Conference!
Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!

Farmers Business Network Offers Bridge Loans to Expedite Farmland Financing
Farmers Business Network (FBN) has added the Bridge Loan offering to its FBN Finance platform to expedite farmland financing small- and medium-sized farms. The bridge loan helps farmers compete against cash offers and larger ag companies and investors when securing land. The launch comes as FBN surpasses $1 billion in total capital lent to farmers.

CDFA is Excited to Share a New Croatan Institute Report - Soil Wealth Areas
CDFA was honored to serve on the advisory group for a new report - Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities, and Regenerative Agriculture - a new model for special purpose financing districts that can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. Congratulations to Croatan Institute on this important project!

Governor's Budget Spurs Innovation, Grows Future of Pennsylvania Agriculture
Governor Josh Shapiro's budget proposal for the 2023-24 fiscal year makes critical investments in the future of Pennsylvania agriculture through funding to protect valuable farmland, furthering agriculture emergency preparedness and response, expanding fresh food resources, and increasing access to education.

Biden-Harris Administration Announces Actions, Investments to Create Fairer Markets
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced the Biden-Harris Administration is investing $89 million across the country to finance the startup and expansion of independent meat processors. USDA also announced initial steps the Department is taking to create a more competitive marketplace for seeds and other agricultural inputs.

How Mad Capital is Changing the Trajectory of Regenerative Farm Finance
In an agricultural system where degradation is perpetuated by an antiquated financial system that incentivizes the status quo, financing options that meet the unique needs of farmers transitioning to regenerative or organic practices are limited. Enter Mad Capital, an operation committed to finding innovative ways to support regenerative and organic farmers in their financing journey.

Financing Kentucky's Meat Processing Demand
The Kentucky Agricultural Finance Corporation (KAFC), working in tandem with the Kentucky Agricultural Development Board (KADB), has invested over $13 million in Kentucky's meat processing industry over the past 20 years. A big portion of this investment has come in the past three years as the Kentucky Office of Agricultural Policy has expanded efforts to address processing capacity issues in the supply chain that came to light during the pandemic.

Sustainable Farmers See Promise in New Financing Options
Some small farms are rejecting expansion pressure by investing in long-term value. When the land and livestock are healthier, a farm needs fewer external inputs, such as fertilizers, feed or antibiotics. And that means fewer variable costs, smoothing the farm's financial peaks and valleys. Lenders investing in ecological health and tailoring loans to farms are crucial and scarce, but their numbers are growing.

Ohio Department of Agriculture Introduces Beginning Farmer Tax Credit
The Ohio Department of Agriculture (ODA) introduced a Beginning Farmer Tax Credit Program for those who've recently entered the field and those who help beginning farmers. Qualifying farmers will receive a 3.99% tax credit applicable to the sale of assets or to qualifying gross rental income.

Capital Farm Credit Offers Loan Programs for Texas Youth
Capital Farm Credit, the largest agricultural lending cooperative in Texas, offers three loan programs to support the next generation of agriculturists with financial assistance and other business advice, including the AgStart program and the NextGen Loan Program. The other program was just launched internally within Capital Farm Credit called the AgVista Loan Program.

Upcoming Events
2023 CDFA Federal Policy Conference

CDFA Tribal Finance Webinar Series: Tribal Community-Driven Economic Development Solutions
March 14, 2023 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Tribal Financing Webinar Series, speakers will discuss how tribal governments and their partner organizations are working collaboratively to drive sustainable economic development.

CDFA // BNY Mellon Development Finance Webcast Series: Exploring 501c3 Bond Finance for Nonprofit Organizations
March 21, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, speakers will break down 501(c)3 bond finance to demonstrate how this tool can drive investment for nonprofits.

Food & Agriculture Finance News

Sen. Murphy Introduces Bill to Aid Farmers in Financial Risk Management
Westchester & Fairfield County Business Journals | Mar. 10 | Access to Capital | Agriculture Finance | Education | Legislative

$43M Investment in Meat and Poultry Processing Research, Expansion and Innovation
USDA | Mar. 9 | Access to Capital | Federal | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

$69M Earmarked to Help Kansas Entrepreneurs
FarmProgress | Mar. 7 | Access to Capital | Agriculture Finance | Federal | Revolving Loan Funds (RLFs) | Social Finance | State Finance Program | U.S. Dept. of Treasury

Missouri Loan Programs Aim to Help New and Small Farmers Get Into Agriculture
KOMU 8 | Mar. 4 | Access to Capital | Agriculture Finance | State Finance Program

Loan Performance Remains Strong as Farm Debt Grows
Federal Reserve Bank of Kansas City | Mar. 3 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs)

USDA Offering Money to Preserve Illinois Farms and Create Wetlands
1430 WCMY | Mar. 3 | Access to Capital | Agriculture Finance | Development Finance Toolbox | Federal | Rural Development | U.S. Dept. of Agriculture (USDA)

Walden Mutual Bank Seeks to Support Sustainable Food Systems
Speciality Food Association | Mar. 3 | Access to Capital | Food Systems Finance | Revolving Loan Funds (RLFs) | Resiliency

USDA Providing Financial Assistance to Borrowers Who Have Faced Discrimination
USDA | Mar. 1 | Access to Capital | Agriculture Finance | Social Finance | U.S. Dept. of Agriculture (USDA)

Food Companies Look to Measure How Soil Captures Carbon
WSJ | Feb. 28 | Access to Capital | Agriculture Finance | Innovation Finance | Resiliency

USDA NIFA Program Supporting Beginning Farmers
USDA NIFA | Feb. 27 | Access to Capital | Agriculture Finance | Federal | Social Finance | U.S. Dept. of Agriculture (USDA)

Rep. Schrier Seeks Financial Boost for Washington Farmers Through Trade Promotion
The Center Square | Feb. 24 | Access to Capital | Agriculture Finance | Legislative | U.S. Dept. of Agriculture (USDA)

Pennsylvania Announces Expanded Funding to Grow Farm Businesses
Pennsylvania Pressroom | Feb. 21 | Access to Capital | Agriculture Finance | State Finance Program

$59M Investment to Strengthen Food Supply Chain and Rural Economies
USDA | Feb. 21 | Access to Capital | Agriculture Finance | Federal | Food Systems Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

State Ag Officials Push for On-Time Farm Bill to Fund Slew of Programs
Star Local Media | Feb. 20 | Access to Capital | Agriculture Finance | Federal | Legislative

How Three AgTech & FoodTech Startups are Growing With Equipment Financing
AgFunder | Feb. 20 | Access to Capital | Agriculture Finance

Tennessee Cost Share for Agricultural and Forestry Businesses Announced
The Tomahawk | Feb. 19 | Access to Capital | Agriculture Finance | Food Systems Finance | Social Finance

Applications Accepted for Maine's Dairy Improvement Fund
Morning AgClips | Feb. 19 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

Wisconsin Governor's Budget Proposes Ag Funding
Brownfield Ag News | Feb. 17 | Access to Capital | Agriculture Finance | Legislative | State Finance Program

USDA Announces $133M in Funding to Expand Local Food Systems
Red Lake Nation News | Feb. 15 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Legislative | U.S. Dept. of Agriculture (USDA) | COVID-19 | Programs | Legislative Activities


CDFA Resources

Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities & Regen Ag
Access to Capital | Agriculture Finance | Bond Finance | Community Development | Crowdfunding | Energy Finance | Federal | Food Systems Finance | Foundations | Green Finance | Innovation Finance | Legislative | Property Assessed Clean Energy (PACE) | Revolving Loan Funds (RLFs) | Resiliency | Rural Development | Social Finance | Special Assessment Districts | State Finance Program | Tax Credits
A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for implementing Soil Wealth Areas in each of the regions analyzed and creating a wider Soil Wealth Community for practitioners to share learnings about their experiences with place-based financing.


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 88

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
October 12, 2021




CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner 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