2023 CDFA National Development Finance Summit Early Bird Rates Ending
The 2023 CDFA National Development Finance Summit is one month away and this is your last chance to lock in early bird pricing. Register by October 13 to save! We're excited to see you in Philadelphia!
Steward Closes $1.19M in Funding for Multi-Generational Georgia Farm
Steward, the online lending platform championing regenerative agriculture, raised $1.19 million for White Oak Pastures. White Oak Pastures, a historic 156-year-old, multi-generational farm in Bluffton, Georgia, had been unable to access traditional financing despite more than $20 million in revenue. Steward initiated its most recent loan campaign for White Oak Pastures, and the community responded overwhelmingly, achieving the goal within just 18 days.
Share Your Experience Lending to the Food System - Short Survey for CDFA Research!
CDFA is researching the feasibility and market demand for a national food systems loan guarantee program to help unlock investment for food- and agriculture-related businesses and projects. This research includes surveying loan funds operated by private, public, and quasi-public development finance agencies (DFAs) around the country to learn more about existing lending programs. Please take a few minutes to share your expertise in this short survey!
$27.6M to Support Underserved and Veteran Farmers and Ranchers
The U.S. Department of Agriculture (USDA) announced $27.6 million in grants to provide training, outreach, and technical assistance to underserved and veteran farmers, ranchers, and foresters to help them own and operate successful farms, ranches, and forest lands. Funding is made through USDA's 2501 Program, which is administered by the USDA Office of Partnerships and Public Engagement (OPPE).
Farmer-Owned Cooperatives Join, $10M Invested Into New Mexico Agriculture
The continued strength and growth of New Mexico agriculture is a key focus in the merger between American AgCredit (AAC) and Farm Credit of New Mexico (FCNM). To keep FCNM capital working for the success of local agriculture, American AgCredit is funding a $10 million Rural Roots Endowment. The endowment is focused on investing in the long-term viability, sustainability, and profitability of agriculture in New Mexico.
RuralWorks Aims to Boost Rural Economies, Climate-Smart Agriculture, Local Food Systems
Launched by Community Reinvestment Fund, USA and Conduit Capital, U.S., RuralWorks Partners is certified as a Rural Business Investment Company (RBIC), a USDA program that licenses for-profit developmental capital funds. The organization aims to build wealth and economic and climate resilience in rural communities, along with the number and quality of jobs, by investing in growth-stage businesses with the potential to expand.
New Missouri Law Supports Young Farmers
A new law in Missouri is designed to support the next generation of farmers in the state. House Bill 202, which came into law on August 28, 2023, provides tax incentives to farmers who work with young farmers. The law authorizes an income tax deduction for farm owners who sell, lease, or participate in a crop-share arrangement with a beginning farmer.
Trailhead Capital Closes $50M Fund for Regenerative Food and Agriculture Companies
Trailhead Capital, a Boulder, CO-based mission-driven venture capital firm that invests in early-stage companies offering tech-enabled solutions to expand regenerative agriculture practices and products, is pleased to announce the closing of its inaugural fund, Trailhead Capital Regeneration Fund I, with total commitments of approximately $50 million, underscoring strong investor confidence in the team and demand for the investment strategy.
Lancaster County, PA Approves Commercial Property Assessed Clean Energy Program
The Lancaster County Commissioners approved the Lancaster County Commercial Property Assessed Clean Energy (C-PACE) program. The program, authorized by the state legislature, will assist owners of commercial, industrial, non-profit, and agricultural properties in securing financing for upgrades to their infrastructure. By utilizing C-PACE, property owners can obtain low-cost, long-term financing for energy efficiency, renewable energy, water conservation, indoor air quality, and resiliency projects.
New Revolving Loan Fund to Develop Meat Production in North Dakota
To help improve rural communities in North Dakota, the Rural Development Finance Corporation is launching a revolving loan fund to establish more meat and poultry processing centers. The company received a $10 million grant from the U.S. Department of Agriculture (USDA) to work with start-up facilities by providing low-interest loans for meat production.
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