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|Articles - March 2012|
|Friday, March 02, 2012|
Page 1 of 2
BY PETER BELAND
Kruger, owner of Kruger’s Farm on Sauvie Island, started as a produce manager at the now-defunct Daily Grind market in southeast Portland in 1984. Two years later he started Holiday Market in Lloyd Center and then co-founded City Market in northwest Portland in 1990 as its produce vendor. “I was on fire, I was on a run,” he says. “Then it started to erode. Zupan’s Market opened up. That hurt. Then the farmers market started to ruin our summers.” By 1996, he lost his lease to Holiday Market and was heading for disaster if he didn’t change something.
In the late 1980s and early 1990s, Kruger did a TV spot for a local news channel called Green Grocer at Noon. On the show, he visited a farm on Sauvie Island. “I thought some day it was something I might want to do,” he recalls. In 1999, Kruger ran into Dennis Grande who was retiring and couldn’t find a buyer for his 75-acre farm. “I’d never farmed before. I had a garden and it wasn’t even that good,” says Kruger of his initial scouting mission. “I walked away from it a dozen times. Ultimately I took the plunge and signed a 10-year lease.”
As Y2K fever swept the country, Kruger wrote in his journal about his desire to grow produce and then sell it in his high-end markets. But when he took on the farm, he got with it a traditional farm management plan geared toward maximum production for the commodities market.
By late 2000, he was broke after losing $150,000 that year. He sold his share in City Market and another market to pay the $100,000 he owed to produce vendors. He went bankrupt in 2002.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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