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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.
Friday, May 22, 2015
BY LINDA BAKER | OB EDITOR
Roy Kaufmann always lands on his feet.
Friday, March 27, 2015
BY JACOB PALMER
Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development.
Friday, March 27, 2015
BY OB STAFF
New events series brings magazine to life.
Monday, April 27, 2015
BY LINDA BAKER
Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers.
Tuesday, March 31, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.
Thursday, March 26, 2015
Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.
Thursday, April 23, 2015
BY LINDA BAKER
On April 1 I attended a forum at the University of Portland on the sharing economy. The event featured panelists from Lyft and Airbnb, as well as Portland Mayor Charlie Hales. Asked about the impact of tech-driven sharing economy services. Hales said the new business models are reshaping the landscape. “But,” he added, “I don’t pretend to understand how a lot of this [technology] works.”
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