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|Articles - May 2013|
|Monday, April 29, 2013|
Page 3 of 5
That farm financing is difficult is not new. Plenty of local programs have tried to help young farmers get onto land, whether by providing matching savings programs and loan application help, such as Slow Money Northwest is attempting with their Farmer Reserve Fund program, or by creating listings to match existing land owners with land seekers, as Friends of Family Farmers is doing with their iFarm program. But traditional bank loans don’t flow easily to farmers. This makes iFarm land seeker and young farmer Aren Hinely curious about Farmland LP’s model.
“Early in [my] search in 2007 and 2008, financing was much easier, but as my family didn’t have much experience in farming at the time, our income-debt ratio was largely all that mattered,” Hinely says. Over time Hinely found a cheap-enough piece of land, but it came with compromises, including a smaller size in a less than ideal location with more land rehabilitation needed. Now that Hinely contemplates expansion, he still faces financing hurdles.
“Overpaying for land, or being in the wrong place, or not having sufficient water and soil quality can lead to compromises in the farming in order to make a mortgage payment,” he says. “I’m very interested in what Farmland LP is up to.”
Instead of leaving investment in farming to the banks, Farmland has found a group of individual and institutional investors who are willing to put money into the Farmland equity fund, in the hopes that returns will be as good or better than commodity cropland’s approximately 5% annual return (not including land appreciation). Farmland’s pasture-based organic and sustainable model has the added benefit of being catnip to socially responsible investors.
Portland-based non-profit Ecotrust is one of these, having followed Farmland LP from its inception. Richard Hervey, Corvallis city council president, is another.
“I really like the model,” Hervey says. “I wanted to move some of our money out of the stock market. Farm land is a fundamentally stable investment and Farmland LP is also a local investment.”
Wednesday, August 19, 2015
BY KIM MOORE
A conversation with Chris Maples, president of the Oregon Institute of Technology.
Wednesday, August 05, 2015
BY KEN MAES
A huge migration from Northern California has contributed to average 16% growth per year since 1990.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Thursday, August 06, 2015
Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Wednesday, August 19, 2015
BY LINDA WESTON
In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.
Friday, August 21, 2015
Renee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.
Forty-eight Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2016; of those selected, 21 are from the Firm’s office in Portland, Oregon.