Farmland LP Invests in the Future of Organics
Farmland LP started buying conventional farmland and converting it to organic food production in 2009. So far, 64 people have backed the project which currently holds $12 million worth of farmland.
From the Democrate Herald:
Farmland LP promises financial returns while converting conventional acreage to organic tilth
Jason Bradford and Craig Wichner are out to change the world, a few acres at a time.
The two men are partners in Farmland LP, a fledgling private equity fund with a unique mission: to buy up conventional agricultural property and convert it to organic food production.
Since launching the venture in 2009, they’ve purchased a little over 2,000 acres — about 950 outside Corvallis in Oregon’s Willamette Valley and 1,100 near Brentwood in California’s East Bay region.
And they’re getting some traction with investors. So far, 64 people have put money into the fund, which currently holds $12 million worth of farmland.
The attraction is simple, Bradford said: the chance to do well while doing good.
“We’re marketing the vision,” he said. “The people who are backing this, yes, they want to make some money. But they also want to grow the supply of organic farmland.”