Organic farmland leasing company, Iroquois Valley Farms, has announced a $20 million private placement offering for 2015 – the firm’s fourth offering in as many years. Under its structure, the offering consists of $15 million equity and $5 million in debt. Equity investors will be able to buy into a portfolio of 23 existing organic and sustainable farms, with an additional two farms under contract soon to be included.
The firm is selling the offering free of fees and commissions, with the funds raised to be used for farm acquisitions and portfolio expansion. In a recent company press release, Iroquois Valley CEO David E. Miller states, “coming off of a very successful 2014, we are excited to expand our offering so as to regenerate even more soil and enable more farmers to build a sustainable farm business.”
Iroquois Valley Farms, LLC, which buys and then leases land to (mostly young), independent, mid-size, sustainable, family farmers, is one of the first private businesses in North America to offer socially -conscious investors exposure to growth in organic farmland through equity and debt positions in the company.
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