Dealflow | March 4, 2017

Soil Restoration Notes help farmers go organic

ImpactAlpha
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ImpactAlpha

Converting non-organic farmland to organic is hard and many farmers fail.

Food and farmland investor Iroquois Valley Farms is issuing $5 million in short-term notes, with an interest rate of 1.5 percent, to help farmers make the changeover to USDA Certified Organic.

The three-year term of the Soil Restoration Notes matches the organic transition period required by the USDA.

The notes let accredited investors put liquid savings to work restoring soil while lowering borrowing costs for farmers.