About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Food and Agriculture Finance Update - October 10, 2023

Having trouble viewing this newsletter? View it online.
CDFA Food and Agriculture Finance Update
October 10, 2023
Subscribe
View Archives
CDFA Food & Agriculture Finance Update

Features

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.

Upcoming Events
CDFA National Development Finance Summit

Intro Food Systems Finance Course
November 8, 2023 | 9:00 AM - 4:00 PM Eastern - Philadelphia, PA
The Intro Food Systems Finance Course examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case studies that showcase the variety of financing programs.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Water Infrastructure Projects
October 17, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, presenters will examine how communities across the country are addressing challenges in financing water infrastructure projects.

Food & Agriculture Finance News

West Virginia Department of Agriculture Receives $184K in Specialty Crop Block Grants
Lootpress | Oct. 7 | Agriculture Finance | Federal | Food Systems Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

$6.4M for Florida Small Businesses Following Hurricane Idalia
The Floridian | Oct. 3 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Revolving Loan Funds (RLFs) | State Finance Program

Historic $3B for Climate-Smart Practices on Agricultural Lands Through Investing in America Agenda
USDA | Sep. 28 | Access to Capital | Agriculture Finance | Federal | Resiliency | U.S. Dept. of Agriculture (USDA)

Aggie Bond Legislation Revived in Senate
The Bond Buyer | Sep. 27 | Agriculture Finance | Bond Finance | Community Development

188 Unit Affordable Housing Were Completed with Bond and Tax Credits in New York
New York State | Sep. 27 | Bond Finance | Food Systems Finance | Housing Finance | Tax Credits

USDA Issuing $1.75B to Agricultural Producers Through Critical Emergency Relief Programs
USDA | Sep. 27 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Federal | U.S. Dept. of Agriculture (USDA)

USDA Expands Efforts to Prevent and Reduce Food Loss and Waste
USDA | Sep. 20 | Access to Capital | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

BlueWave Harvests $91M in Financing for Massachusetts Agrivoltaic Projects
Solar Magazine | Sep. 20 | Access to Capital | Agriculture Finance | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)

USDA Invests in Urban Agriculture, Innovative Production Effort in Oklahoma
Morning AgClips | Sep. 19 | Access to Capital | Food Systems Finance | Tribal Finance | U.S. Dept. of Agriculture (USDA)

Michigan Awarded $2.2M USDA Grant to Fund Specialty Crop Growth
White Lake Beacon | Sep. 19 | Access to Capital | Agriculture Finance | U.S. Dept. of Agriculture (USDA)

Funding Available to Support Sustainable Agriculture Research in Minnesota
MN Department of Agriculture | Sep. 18 | Access to Capital | Agriculture Finance | Resiliency | State Finance Program

Indiana County, PA Biodigester Could Turn Manure to Carbon Credits
Pittsburgh Post-Gazette | Sep. 18 | Access to Capital | Food Systems Finance | Resiliency

Native Farm Bill Coalition Optimistic About 2023 Farm Bill
Tribal Business News | Sep. 17 | Agriculture Finance | Economic Development | Tribal Finance

Iowa City, IA Landfill Receives $4M EPA Grant to Expand Composting Efforts
Iowa's News Now | Sep. 15 | Access to Capital | Food Systems Finance | Resiliency | U.S. Environmental Protection Agency (EPA)



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