1 / 13

How Financing is Growing Farmer Capacity in the New England Region

How Financing is Growing Farmer Capacity in the New England Region. Dorothy Suput Founder & Executive Director The Carrot Project. Our Clients. 1962. 1989. 2007. MOFGA Founded 1970. Organic Food Production Act 1990. Benefits and Impacts. Characteristics: Types of Businesses.

peyton
Download Presentation

How Financing is Growing Farmer Capacity in the New England Region

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How Financing is Growing Farmer Capacity in the New England Region Dorothy Suput Founder & Executive Director The Carrot Project

  2. Our Clients

  3. 1962 1989 2007 MOFGA Founded 1970 Organic Food Production Act 1990

  4. Benefits and Impacts

  5. Characteristics: Types of Businesses Farmers Food Processors Bakeries Candy makers Creameries Fruit cordials and sauces Microbottlers (milk) Pesto-makers Picklers • Fruit growers • Cultivated mushrooms • Dairies • Diversified veg and/or livestock • Goat farms • Grassfed beef • Greenhouse herbs • Horse hay producers • Rope cultured mussels 5

  6. Bug Hill Farm Ashfield, MA Farm description: Forest and field fruit production, heirloom vegetables, and fruit-based value-added products Philosophy: “Discover what is here. Listen to the land. What does it want to grow?” Acreage: 50, hilly, marginal soils Years in Business: 2years – developing business and idea, testing markets

  7. Bug Hill: Changes in Farm Capacity

  8. Village Farm Freedom, ME Farm description: Diversified organic farm with multiple enterprise centers marketing wholesale and retail Philosophy: “Growing food for ourselves, our family, and our neighbors is what we love to do and aspire to do better each year.” Acreage: 120 acres- Contiguous 40 acre field and 80 acres of mixed and diverse woodland Years in Business: Since 2007

  9. Village Farm: Changes in Farm Capacity

  10. The Five C’s – Reprioritized Primary Factors Secondary Factors Cash/Equity Collateral • Cash Flow • Capacity= Character + Farm Management Skills • Conditions: Know the Market

  11. What is important to lenders? Intangibles • Open to learning • Builds on strengths • Recognizes personal weaknesses and responds • Clear set of expectations or goals • Willingness to change course • Realistic projections • Does homework • Understand the strengths and weaknesses of their plans

  12. and business technical assistance How Financing isareGrowing Farmer Capacity in the New England Region

  13. Thank You Dorothy Suput The Carrot Project dsuput@thecarrotproject.org www.thecarrotproject.org

More Related