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|Articles - May 2013|
|Monday, April 29, 2013|
Page 5 of 5
After four years, Farmland LP is just getting to the point where profitability and returns for investors are in sight. On a sunny day in March, shepherd Mac Stewart is tending his flocks of sheep dotting some of the pastures. The Wells and Bradford show off the still-unfinished giant portable henhouse that will be home to 1,000 of the many free-range hens roaming underfoot, as well as the updated seed-processing barn where this year Farmland can turn out organic grass seed. At around year five — either at 2013’s end or in 2014, Farmland hopes to reach a point where enough of these different organic ventures equal profit and cash dividends to investors.
Chrissie Zaerpoor, an eight-year farming veteran at her Yamhill County Kookoolan Farm, which has a fine reputation for pasture-bred meats and eggs and prime CSA veggies, looks on the Farmland model with curiosity.
“Some things strike me as cool; a lot of young farmers would love to be doing this kind of work but don’t have the capital to get started,” Zaerpoor says. Having a single person concentrate on the rotational land-management plan, as Bradford does, is a luxury small farmers caught in the hectic day-to-day don’t get, she says. However, she adds that it remains to be seen whether Farmland’s model will truly benefit its tenant farmers in the long term.
“There’s an old expression that you can measure a farmer’s worth by the size of his muck heap,” she says. “In this model, that asset belongs to Farmland LP, not to the farmer. It is one of our own best assets, but as a tenant farmer, you can’t take those soil improvements with you if you leave.”
Farmland LP’s Bradford would likely agree with Zaerpoor, though he sees this as a positive for farmers.
“With this pasture-based, livestock model, we are taking on the input investment, so if you are a veggie or grain farmer with us, your input costs will be low,” he says. “And the rotation program takes care of a lot of your fertility. If you are young and getting started, this model lets you get in at a scale that your business is at.”
Bradford’s partner, Wichner, perhaps as any financial expert would, views Farmland’s task as proving economic viability.
The fund has one of the highest scores possible for a “B Corp,” a Certification signifying social and environmentally responsible practices, Wichner says. “But what I actually have to prove is that our business model works better than commodity-based agriculture. The social benefits of what we are doing? Well, our investors get those for free.”
Article appended: The following sentence, a quote from Farmland LP partner Craig Wichner, was changed to reflect additional context. "But what I actually have to prove is that our business model works better than commodity-based agriculture." The original sentence did not contain a reference to commodity-based farming.
Monday, July 13, 2015
BY JACOB PALMER
Holding a Power Lunch at Veritable Quandary in downtown Portland.
Monday, July 13, 2015
BY KIM MOORE
A conversation with Greg Lambert, president of Mid Oregon Personnel Services.
Friday, July 10, 2015
BY DAN COOK
The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
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, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
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When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.