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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.
Thursday, September 24, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Oregon's population is booming, and so are rental costs.
Monday, September 28, 2015
BY BEN WATERHOUSE
How Portland's Garden Bar plans to become the Starbucks of salad.
Wednesday, August 19, 2015
BY KIM MOORE
A conversation with Chris Maples, president of the Oregon Institute of Technology.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Wednesday, September 16, 2015
BY GREGG LEWIS | OP-ED
The issue of green-washing remains a significant challenge to those of us who would like to see the building sector in this country do more than make unverifiable claims of sustainability. Transparency about the impacts of a given material is the only way to allow designers to make intelligent choices when selecting building products.
Thursday, August 20, 2015
BY JACOB PALMER
Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
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