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Financing Case Studies

A wide variety of financing options across the capital continuum are available to assist with the capital needs of Vermont’s food system businesses. However, navigating through the multitude of financing options can be overwhelming. In response to the need to help businesses better understand and navigate the variety of financing options available to them, the Financing Cross-Cutting Team of the Farm to Plate Network created a series of case studies based on types of financing used by Vermont food businesses. The case studies cover convertible debt (High Mowing Organic Seeds), farmland financing (Bread & Butter Farm), and royalty financing (Liz Lovely).

Financing Case Studies Seeding the Future with Convertible Debt: A Financing Case Study of High Mowing Organic Seeds

A wide variety of financing options across the capital continuum are available to assist with the capital needs of Vermont’s food system businesses. However, navigating through the multitude of financing options can be overwhelming. In response to the need to help businesses better understand and navigate the variety of financing options available to them, the Financing Cross-Cutting Team of the Farm to Plate Network convened a series of panels that illuminated financing options that different food system businesses have used—High Mowing Organic Seeds and convertible debt, Bread & Butter Farm and a complex farmland deal, Liz Lovely and royalty financing, and Aqua Vitae and convertible debt. The first financing case study, Seeding the Future With Convertible Debt, 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.

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Financing Case Studies Liz Lovely Case Study

A wide variety of financing options across the capital continuum are available to assist with the capital needs of Vermont’s food system businesses. However, navigating through the multitude of financing options can be overwhelming. In response to the need to help businesses better understand and navigate the variety of financing options available to them, the Financing Cross-Cutting Team of the Farm to Plate Network convened a series of panels that illuminated financing options that different food system businesses have used—High Mowing Organic Seeds and convertible debt, Bread & Butter Farm and a complex farmland deal, Liz Lovely and royalty financing, and Aqua Vitae and convertible debt. The third financing case study, Cookie Royalty, focuses on Liz Lovely, Inc. and a royalty financing deal that helped the business to grow. The 2013 royalty financing deal that helped Liz Lovely increase its annual sales from $1 million to $2 million in just one year was flexible, designed to move with the ebbs and flows of the company. Royalty financing, in which a loan is repaid based on a percentage of revenue over time (vs. a fixed monthly principal and interest payment), allowed Liz Lovely to endure fluctuations in revenue without having to make pre-set…

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Farmland Investment Model Report

This report shares the findings, analyses and commentary of the second phase of a project conducted by Land For Good (landforgood.org) (LFG) to understand the potential of private “values-based” investment capital to provide beneficial, affordable land access and security for farmers in our New England region. LFG, in partnership with the University of Vermont Extension Center for Sustainable Agriculture, conducted a detailed investigation of four investment companies and their potential as innovative models for farmers to access—and in some cases transfer—farmland. The potential for success for farmland investor models lies in their attractiveness for farmers as well as investors.

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Farm Viability

A collection of resources aimed to aid farmers and technical assistance providers in strengthening the financial performance and viability of farm and food businesses.

Farm Viability NOFA CPP: Whole Farm Financial Ratios

Over the course of the 2016 season, 30 organic vegetable farms in Vermont, New Hampshire, and Massachusetts tracked and analyzed their costs of production. This factsheet presents some key financial metrics that were aggregated as a result of their work.

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Farm Viability NOFA CPP: Crop Profitability Comparisons

Over the course of the 2016 season, 30 organic vegetable farms in Vermont, New Hampshire, and Massachusetts tracked and analyzed their costs of production. The data was aggregated and five crops were examined in-depth. This factsheet presents the production and profitability numbers that are most useful to compare across those five crops.

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Farm Viability Scaling-up Egg Production: Management, Markets, Regulation, and Finances

This project was developed to assess the potential viability of increased pasture-based egg production in Vermont. Topics include: • Best Management Practices recommendations based on current producers experience and industry recommendations. • Market analysis and recommendations for local and regional markets. • Legal analysis of egg regulations and potential structures for an aggregation entity. • Financial analysis of budgets and start-up costs for 1,000 and 3,000 layer enterprises. • Resources for developing or expanding a layer enterprise.

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Farm Viability 'Business for Sale' Valuation

Following is a discussion on ‘Business for Sale’ valuation models to assist farms, value added businesses, and agricultural business planning consultants assist farms in planning for eventual farm/business transfer. Primary questions: How to determine the value of the business? How to present the ’Business for Sale’?

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Farm Viability Crowd Funding

There is a lot of excitement about crowd funding these days. Rightfully so, most people get excited about the prospect of free money. But is this money free? What do we call this money?

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