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|Articles - May 2013|
|Monday, April 29, 2013|
Page 4 of 5
At Farmland’s 1,000-acre Corvallis farm, the sense of passionate engagement on the part of Bradford and his current tenant-farmer partners is palpable. He is slightly professorial, ready to deeply discuss soil fertility, portable henhouse design or the life cycle of lichens, all in the space of two hours. At Farmland, Bradford’s primary role is land management, and he uses Google Earth to demonstrate to his visitor how organizing land rotations is a bit like laying a puzzle, with some pieces functioning as paddocks for nibbling sheep, others as home ground for hundreds of laying hens in their portable henhouses, some lying fallow or growing new pasture grass (and grass seed), and others fostering grain or veggie crops.
Bradford says Oregon was the perfect place for Farmland to start looking for land back in 2009-2010, as the bursting of the housing bubble caused the state’s grass-seed and nursery industries to suffer setbacks (the Corvallis main acreage is a former grass-seed farm).
Part of Farmland’s attraction for investors is the focus on pastured production on a larger scale than what sustainable agriculture has been able to achieve. One of the most famous sustainable farm operations, Joel Salatin’s Polyface farm in Virginia, is 500 acres. One thousand acres is Bradford’s idea of a good start size.
Part of Farmland’s model hinges on finding farmers willing to lease with Farmland LP rather than own their own land. Those farmer-partners the company is now working with insist the deal is a good one. Karen Wells and her husband, Neal, spent four years searching for an Oregon property from which to launch their pastured poultry operation. As Neal was an accountant by trade, the pair was able to realistically run the numbers when assessing prospective land purchases. “We had the ability to do the financial analysis,” Karen says, “but the math never worked.” Karen says her family’s process made the ideal of land ownership less attractive.
“We know too many family farms going under … the next generation is not necessarily interested in farming, there’s a profit problem, etc.,” she says. “Now there are farmers out there saying to us, ‘But you are not going to own the land,’ and I say, ‘Exactly. It’s an albatross.’”
After realizing that farmers like the Wells also need seed money, Bradford and Wichner went back to their investor group and formed a separate LLC called Vitality Farms to invest in both livestock and product innovation on Farmland acreage.
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?
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?”
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
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.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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.
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.
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