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|Articles - May 2013|
|Monday, April 29, 2013|
Page 1 of 5
BY APRIL STREETER
While farmers may dream of rain showers on demand and lush pastures generating bumper crops, their nightmares are generally financial. Farmland LP, a private equity fund in Oregon, is upending the traditional (some would say dysfunctional) financial model that leads to those nightmares while practicing sustainable, organic and pasture-based farming methods to boot.
In spite of Oregon’s surplus of young farmers armed with optimism and a desire to work in agriculture, farming in 2013 is roughly divided between conventional, large-scale commodity crop farms that tend to get financing and subsidies, and smaller, sometimes struggling family-style farming operations that don’t. In addition, though organic cultivation entered the farming picture over three decades ago, conversion of land to organic is happening at a slower rate than demand for organic products, according to Cathy Greene of the USDA’s Economic Research Service. Add to this the advanced average age of the American farmer (59), and the rising costs of fuel and fodder, and it is a potent recipe for agricultural stagnation.
Farmland LP, the brainchild of farmer and Ph.D. biologist Jason Bradford and financial manager Craig Wichner, aims to break out of this paradigm and find a middle ground. Farmland is neither a typical agricultural farm venture nor a conventional financial instrument. It is a 4-year-old private equity fund based in both Oregon and California, with almost 90 investors, and is on its way to amassing $50 million in capital.
Instead of the typical U.S. model, in which larger acreages are passed on through family inheritance or owned by corporations, Farmland is two managers using investor funds to purchase conventional mid-size farms in both Oregon (around 1,000 acres thus far) and California (5,300 acres). Once converted to certified organic acreage, Farmland’s holdings are put into a newfangled land-management system that is actually based on a more old-fashioned rotation of plots between growing pasture, grazing livestock and cultivating different crops in order to boost soil fertility without chemical fertilizers. And unlike the one-man-one-tractor model of agriculture, in which a few farmers work vast swathes of land in monocrops, or the sustainable farm ideal in which a farmer takes a small patch of ground and coaxes multiple foods from it, Farmland’s model is novel. Different farming experts will ply their trades on the same plots of ground as these pieces of land are moved through rotation.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Wednesday, August 27, 2014
BY JESSICA RIDGWAY
How State Representative Julie Parrish (House District 37) balances life between work and play.
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?”
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Wednesday, August 27, 2014
Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.
Tuesday, August 26, 2014
BY LINDA BAKER
David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.
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.
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Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
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