Financing Your Farm: Combining finance tools for starting and growing an operation
Session I: 10:00am - 12:00pm
With the high costs of farmland and unpredictable, slim margins in agriculture, it’s increasingly challenging for farmers to get financing and make payments on loans for land and expansion. Learn from NW Farm Credit Service, Farm Service Agency, and impact investment groups that invest in farmland for farmer ownership and organic production, and hear from the Small Business Development Center about their services and how to combine them to meet your needs. The workshop will also cover how working land conservation easements can complement financing to reduce purchase price and generate liquidity.
Speakers: Noah Brockman; Andrea Krahmer; Alex Mackay, Iroquois Valley Farmland REIT; Nellie McAdams, Rogue Farm Corps; Scott Neiman
Noah Brockman leads OSBDCN’s Capital Access Team (CAT), the group that provides strategic business advising to SBDC clients on funding, business planning and financial analysis. Since 2008 Noah has worked with hundreds of business owners helping to secure over $30 million dollars in funding.
Andrea Krahmer grew up on a small, part time farm in Banks, Oregon, and received her Bachelor’s degree in agriculture business management from Oregon State University on the Eastern Oregon University campus. She joined Northwest FCS after graduating college in 2003 and is a Relationship Manager working with the AgVision loan program financing specifically young, beginning and small producers with a focus on providing guidance and educational information to customers. Andrea and her husband Scott have two children, Hanna age 12 and Mason age 9 that are active in 4-H and several sports.
Alex Mackay is the Director of Business Development and Investor Relations for Iroquois Valley Farmland REIT, an organic farmland Real Estate Investment Trust that raises money from individual private investors to offer land access to independent farmers who want to establish or expand organic farms. Although Iroquois Valley Farms is based in Chicago, the company has relationships with more than 50 farmers in 14 states around the Country (including as far West as Montana). Iroquois Valley Farms is motivated to partner with farmers in the Pacific Northwest that might not otherwise find land financing through traditional methods. Alex's primary focus at Iroquois Valley is raising new capital and keeping existing investors informed and happy. A longtime enthusiast for delicious, sustainable food, Alex was drawn to the Company for its ability to make significant impact through a scalable, for-profit model. Prior to working in finance, Alex had a wide variety of hands-on experiences in food at the farm, wholesale and retail levels. Alex received his BA in History from Columbia University and his MBA from Babson College.
Nellie McAdams (Moderator) The 3rd generation on her family hazelnut farm, Nellie McAdams, is also an attorney and the Farm Preservation Program Director at the Oregon 501(c)(3) nonprofit Rogue Farm Corps, where she collaborates with partner organizations to assist Oregon farmers and ranchers with the intergenerational transfer of their business and land, and preserve the state’s agricultural land base.