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|Articles - May 2013|
|Monday, April 29, 2013|
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Bradford and Wichner met in 2008 at a peak oil and gas conference, and quickly realized they had similar beliefs about the economy’s debilitating dependence on raw materials, whose price is rising as their scarcity increases.
“I was a small organic vegetable farmer frustrated by lack of access to capital, lack of access to land and lack of the ability to mix and integrate farming practices I thought were important,” 43-year-old Bradford explains. “I needed someone to help me buy a big farm so that I could put all my ideas together.”
At the same time, financial analyst Wichner was a new father searching for ways to truly create a sustainable future. When Bradford explained his goal of trying old-time, small farming methods on a larger piece of land, Wichner grasped the way rotational pasture-based farming might be a growth opportunity. Wichner could also see that the two partners needed to think beyond a single farm.
“Craig looked at the idea and said, ‘You don’t make a one-off, where you are the one precious example. You make it a model and you make it replicable.’”
Farmland’s model is to take time to convert conventional land to certified-organic, pasture-based production in order to get organic’s price premium, and they are counting on tenant farmers — whether sheep, chicken or veggie farmers, or producers of wheat, alfalfa or hay — to be able to pay a percentage of their profit to lease Farmland land.
Farmland’s is also a model where tenant farmers are specialized in their area of production but are long-term renters who will be moved around as the rotational model requires. These farmers, Farmland hopes, will do well because they get the benefit of pastured land where soil fertility is increasing year after year, and where input costs — for fertilizer and chemicals — will be lower. What Farmland farmers won’t have is the crushing overhead of a too-high mortgage, or the problem of trying to access expansion money in today’s hard-to-borrow financial environment.
“If you are a young farmer and want to diversify on 40 or 60 acres,” Bradford says, “the overhead cost on each unit of production ends up being very high. You can only have so many sheep, the cost of equipment for managing those sheep is high, and your intellectual capital — well, how good can you be in sheep while also trying to do chickens, veggies, grains?”
Bradford says this is the reason, along with difficult financing, that the idealized model of diversified and sustainable farms hasn’t spread in the United States.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Thursday, June 26, 2014
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
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.
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?
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