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Enabling healthy food production, soil restoration and water quality improvement through the establishment of secure and sustainable farmland access tenures.

Agreement Number
NR20-08G014
Awardee Name
Iroquois Valley Farms, LLC
Grant Type
Classic
Project Title
Enabling healthy food production| soil restoration and water quality improvement through the establishment of secure and sustainable farmland access tenures.
Awardee State/Territory
Illinois
Involved States/territories
Illinois
Award Year
2019
Start Date
End Date
Award Amount
$700,000.00
Production/Use
Farmland Agricultural
Farmland Horticultural
Resource Concern (Broad)
Air
Soil
Resource Concern (Specific)
Carbon sequestration
Carbon stock; carbon emissions
Cover cropping
Organic matter depletion
Soil Health
Conservation Practice(s)
Conservation Crop Rotation
Cover Crop
Residue and Tillage Management
Project Background
Iroquois Valley Farms will accelerate conservation adoption by enabling accredited investors to invest in its 2020 Subordinated Operating Notes (SON). Through this instrument, this project will make available to organic farmers up to $25 million in Working Capital Loans. Objectives include: 1) Regenerative Financial Plans - to provide an effective tool for farm financial and conservation management, to account for and keep track of social impacts, and to develop a tool that will serve industry best practices for a triple-bottom-line organic farming model. 2) Subordinated Operating Notes. Fund this project by structuring, issuing, offering and marketing up to $25 million of SEC qualified securities for subordinated operating Notes, possibly as part of a larger Company offering, thereby positively impact the farming and conservation finance industries by establishing in the marketplace an ongoing and scalable security to fund farmer operations and operating capital. 3) Organic and Conservation Farmer Lines of credit/Operating loans - provide long-term working capital to farmers enabling more growth of organic farming businesses and conservation practices. 4) Integrative Capital Reserve: Share credit risk, catalyzing new investor participation. Develop Subordinated Operating Notes as a new financial instrument that is underwritten to require increased conservation practices.
Project Scale
Regional
Project targeted to Historically Underserved producers?
No
Awardee Technical Contact Name
John Steven Bianucci
Project Media