|| Print ||
|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.
Wednesday, October 28, 2015
BY JACOB PALMER
Molly Rogers believes she has found the solution to excessively syrupy cocktail mixes. She first just needs people to understand her product isn’t foliage.
Monday, September 28, 2015
BY CHRIS NOBLE
This year has been so dry we were caught napping when it finally started to sprinkle. Hopefully you didn’t get caught in a downpour while eagerly awaiting — don’t deny it — our curation of Oregon-grown wet weather wear.
Wednesday, September 30, 2015
The refugee crisis has put immigration and border issues on the front burner, in Europe and at home. In Oregon, attitudes toward illegal immigration haven’t changed dramatically since 2006.
Monday, October 05, 2015
VIDEO BY JESSE LARSON
Profiling some of the organizations featured in the 2015 list.
Monday, September 28, 2015
BY AMY MILSHTEIN
To attract technology companies, the U.S. Bancorp Tower repositions itself as open, light and playful.
Tuesday, November 03, 2015
Two trends dominate the manufacturing sector: onshoring and the rise of small-scale production manufacturing, known as the "maker economy."
Friday, October 30, 2015
BY CHRIS NOBLE | ART DIRECTOR
|The Love Boat|
|The Food Pod Grows Up|
|The High Road|
|Tinker, Tailor, Portland Maker|
|The Shift to Community Health Care|
|The Harder They Fall|
|Another chapter to the Bezos/Musk space race story|
|Thanksgiving travel: Fuel costs low, terrorism anxiety high|
|Costco chicken salad linked to E. coli case in Washington|
|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
|Startups joining lobbying game|
|Merchants complain as Square goes public|
Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.