Financing

Activities

Financing Cross-Cutting Team Annual Update

Finance The Financing Cross-Cutting Team is in post-production on a webinar focused on Advisory Boards for the audience of farm and food entrepreneurs. On February 6, 2019, the Cross-Cutting Team hosted a convening focused on Farm Transfers: Financing Sticking Points & Solutions. Follow-up and next steps are underway, including a session at the 2019 Farm to Plate Gathering, entitled It’s Never Too Early: Sowing seeds for a sustainable future via succession planning and expanded access to affordable land. Takeaways from the Farm Transfers Convening address topics like: Assumptions of Farm Seekers & Early Stage Farmers about Land Ownership, Strategies to Identify and Reach Markets, Business Assistance When Navigating Land Access and Transfer Transactions, Where Flexible Capital Could Help Catalyze Farm Transitions, and Payment for Ecosystem Services. Here’s a quote from the Advisory Boards Webinar that was shared by John Hamilton, Vice President of Economic Opportunity at New Hampshire Community Loan Fund: “What I hear often from entrepreneurs that end up proceeding with an Advisory Board is regret that they didn’t do it earlier.”
- Eric DeLuca, Group Chair

View Details »

Farm Transfers Financing--Sticking Points & Solutions: 2/6/19 Convening & Beyond

On February 6, 2019, 28 stakeholders convened in Waterbury, VT to address sticking points and solutions for the financing of farm transfers in Vermont. Participants included common senior lenders, alternative lenders such as CDFIs, philanthropic funders, federal and state public sector staff, a legal scholar, as well as leading business assistance providers. To stimulate an innovative dialogue, the conveners shared three cases, two of which reflected nominally successful land transfers of diverse types, with the third case showing how things can potentially go wrong for the incoming farm business over time.

View Details »

Identifying & Addressing Capital Gaps: 5/2/16 Meeting & Beyond

22 people attended the May 2, 2016 convening of the Financing Crosscutting Team. The focus was identifying and addressing capital gaps. A springboard was a report completed by the VT Working Lands Enterprise Board (WLEB) that identified gaps, suggested tools, and included blueprints for such tools. A panel shared findings from both this blueprint report and also The Carrot Project’s recent program evaluation process. Since the meeting, two of the panelists have moved forward with pilot loan programs informed by the blueprints.

View Details »

Financing Crosscutting Team Meeting 9/22/15

The Financing Crosscutting Team convened in late September to hear perspectives from a wide-ranging panel of capital providers from New England and the Northeast region.

View Details »

Liz Lovely Case Study Released

The third financing case study focuses on Liz Lovely, Inc. and a royalty financing deal that helped the business to grow.

View Details »

Slow Money Vermont Launched Sept. 16

The Farm to Plate Slow Money Task Force launched the first Slow Money Vermont network on Sept. 16 to share the vision for 21st Century Main Street investing to support a viable and sustainable agricultural economy in Vermont and the region

View Details »

Bread & Butter Farm Case Study Released

The second case study focuses on a complex land deal that enabled Bread & Butter Farm to purchase a conserved farm.

View Details »

High Mowing Organic Seeds Case Study Released

The first Financing case study focuses on High Mowing Organic Seeds--a producer of more than 600 varieties of vegetable, fruit, herb, and flower seed that employs more than 40 people in Wolcott--and convertible debt.

View Details »

Panel on Royalty Financing & Equity Deal: Liz Lovely Cookies

This case study took place on September 9, 2013 and featured Dan Holtz from Liz Lovely, Robin Morris from the Mad River Food Hub and investor in Liz Lovely, Rosemarie White from Northfield Savings Bank, and Janice St. Onge from the VSJF Flexible Capital Fund, L3C. Learn about a new type of debt instrument -- royalty financing -- can help growth stage businesses access long term working capital to support their expansion. Hear about Liz Lovely's failed attempt to secure equity financing on the TV show Shark Tank - only to secure a better match of capital right here in VT through the VSJF Flexible Capital Fund.

View Details »

Panel on Complex Farmland Deal: Bread & Butter Farm

Learn about an interesting case study in what it takes to transfer a farm, place a conservation easement on the property, and secure enough working capital to ensure success! Corie Pierce from Bread & Butter Farm in South Burlington, Sarah Dopp from the South Burlington Land Trust, Gil Livingston and Siobhan Smith from the VT Land Trust, Tim Storrow from the Castanea Foundation, and Charlie Keeler from VEDA share information about their role in making this complicated farmland access deal happen.

View Details »