Month: August 2021

Iroquois Valley joins Will County, IL farm alliance to improve soil health, water quality and local economies

Iroquois Valley signed on to a letter to the editor of the Chicago Tribune in opposition to a proposed airport project. The letter is shared below. The issue was taken up by reporter, Ted Slowik, in the Daily Southtown and Chicago Tribune. Read his response here.

Northeastern Illinois boasts some of the planet’s most  fertile soils. Yet the state of Illinois has spent decades  dismissing farmland’s enduring value by pushing a misguided scheme to build a commercial airport near the village of Peotone. 

The Illinois Department of Transportation has used  threats of eminent domain to acquire — and remove from local property tax rolls — more than 4,100 acres of  farmland. This “airport footprint” is more than four times the size of Chicago’s Loop.  

Our Will County farm community is pleased others are  joining our opposition. On July 11, the Tribune Editorial  Board wrote: “The sooner public officials in Springfield and in Chicago’s southern exurbs admit the folly of the  Peotone project, the sooner that land … can be sold for farmland or dedicated to other uses”.  

The eastern Will County countryside is best suited to serve an economy based around food and agricultural  enterprises. The same goes for southwestern Will County  — where regional planners and county and local  governments want to build warehouse complexes to handle imported goods arriving at an intermodal freight  hub. 

County studies dismiss our world-class renewable resource  as “vacant land.” They claim “the greatest opportunity for  growth” is more concrete, asphalt and rooftops. This mindset has driven regional growth patterns since the  dawn of interstate highways. In recent decades, public services and infrastructure have been stretched over ever  greater distances while the regional population has barely increased.  

We don’t need more sprawl. We need a regional agricultural food, nutrition and conservation business plan that incentivizes farmers to continue producing economic, environmental and social benefits for another 100 years.  

Taxpaying farmers deliver these same “ecosystem services”  free of charge. This is no small matter. Our region’s  agricultural working landscape constitutes a landmass almost six times the size of the city of Chicago.  

The local food movement has exposed the strategic importance of farmland near population centers. Northeastern Illinois needs a regional policy framework  that supports farmers’ access to all markets — whether down the road or around the globe. Let’s work together to  make thriving regional farm and food economies a building block of our public health infrastructure.  — Steve Warrick, Sr., Will County Farm Bureau; Jim  Robbins, Will/South Cook Soil & Water Conservation;  and Dave Miller; Iroquois Valley Farmland REIT

Iroquois Valley recognized as 2021 Best for the World B Corp

Iroquois Valley Farmland REIT, PBC is proud to announce our recognition as a Best for the World B Corp: Governance for 2021. 

This award honors Iroquois Valley for our exemplary governance and commitment to long-term stakeholder-minded business practices. Through the adoption of legal practices that underscore our commitment to more than shareholders, we are ensuring that Iroquois Valley will fulfill our triple-bottom-line mission. 

“Best for the World is a special program for the B Corp community, and we’re thrilled to resume it after pausing the program in 2020 due to COVID-19,” says Juan Pablo Larenas, Executive Director of B Lab Global. “This year’s Best for the World companies are operating at the very top of their class, excelling in creating positive impact for their stakeholders, including their works, communities, customers, and environment. We’re proud of the community of stakeholder-driven businesses we’ve cultivated over the last 15 years; together we’re marching toward our collective vision of an inclusive, equitable, and regenerative economic system for all people and the planet.” 

Best for the World B Corps score in the top 5% of all B Corps on the B Impact Assessment in their corresponding size group. This year, 767 B Corps from over 50 countries were named to the 2021 Best for the World lists, including companies such as Patagonia, TOMS, and Natura. 

Iroquois Valley Farmland REIT, PBC Names Tera Johnson CEO

EVANSTON, IL – Iroquois Valley Farmland REIT, PBC announced today that Tera Johnson will succeed co-founder, David Miller, as Chief Executive Officer effective September 1, 2021. 

David Miller, co-founder. Photo first appeared in Eating Well magazine.

Johnson is the founder of the Food Finance Institute (FFI), a nonprofit organization that provides financial technical assistance to food, beverage, and value-added agriculture enterprises. Miller plans to remain on the Iroquois Valley board and will support Johnson as she assumes responsibilities, in addition to managing special projects. He looks forward to the opportunity to step back from day-to-day operations.

“As I look back on the last fifteen years, I believe we were successful in establishing a deeply rooted organic foothold in a region I characterize as a dead soil monoculture,” Miller shares. “I see Tera building on that organic foundation and going beyond. Under her guidance, we will accelerate our commitment to conservation and diversity–in our investments and in our products and programs.”

Miller, founded Iroquois Valley with his friend and former college roommate, Dr. Stephen Rivard in 2007. Miller has served as CEO since inception. Iroquois Valley is one of the first companies in North America to offer investors direct exposure to a diversified organic farmland portfolio. With independent farmers and ranchers at the heart of its investment strategy, Miller led the company as it grew from one relationship with a farming family on a single property in Iroquois County, Illinois to a $75 million portfolio representing 50 farmer relationships in 15 states.

Iroquois Valley is supported by over 500 investors in 47 states, 25% of whom are non-accredited, retail investors who committed capital after the company’s Regulation A+ offering launched in 2019. Over Miller’s fifteen years as CEO, Iroquois Valley incorporated as a real estate investment trust and public benefit corporation, received recognition as a “Best for the World” certified B Corp, and was consistently named to ImpactAssets’ IA50.

“In a time when the mission of Iroquois Valley is more important than ever,” Johnson says, “I’m humbled and inspired to build on the strong foundation that Dave and his team have built and to lead the team into the next phase of Iroquois Valley.”

Johnson built her career around her mission to create the next generation of environmentally and economically regenerative food and farming businesses. Her work at the helm of FFI saw over 600 people from over 400 organizations throughout the U.S. trained in financial management and business consulting. FFI has provided technical assistance to 230 food, farm, and food system businesses since establishment. FFI is part of the University of Wisconsin System’s Institute for Business & Entrepreneurship. Johnson also launched Edible-Alpha®, a digital resource hub providing actionable insights, training, resources and tools. Her podcast interviews with entrepreneurs, bankers, and investors have been downloaded over 45,000 times, with listeners in all 50 states and eight countries. Johnson is the founder of Simply Tera’s and is the 2017 Extension Chancellor’s Wisconsin Idea Award winner. Johnson is a frequent speaker, teacher and financial consultant to sustainable food and farming businesses, social venture funds and investors.

About Iroquois Valley Farmland REIT, PBC

Iroquois Valley is a regenerative finance company that provides land security and financial products to organic farmers by raising capital from mission-driven investors. Iroquois Valley offers long-term leases, mortgage lending, and operating lines of credit to organic and transitioning farmers and ranchers throughout the United States. The company has equity and debt investment options and works with a large network of financial advisors. www.iroquoisvalley.com

Contact: Claire Mesesan, acting communications director

(847) 859-6645 ext. 702 | cmesesan@iroquoisvalleyfarms.com

Events

“We’re part of the solution: #fornature”: Celebrating the International Day for Biodiversity

May 24, 2021
On May 22nd, the U.N.-sponsored International Day for Biological Diversity (IDB) was celebrated around the world. The IDB reminds us that biodiversity is the solution to several sustainable development challenges, including food security, climate change, and health issues.

News

Iroquois Valley recognized as 2021 Best for the World B Corp

August 18, 2021
Iroquois Valley Farmland REIT, PBC is proud to announce our recognition as a Best for the World B Corp: Governance for 2021. This award honors Iroquois Valley for our exemplary governance and commitment to long-term stakeholder-minded business practices.

What We're Reading

Iroquois Valley joins Will County, IL farm alliance to improve soil health, water quality and local economies

August 20, 2021
We need a regional agricultural food, nutrition and conservation business plan that incentivizes farmers to continue producing economic, environmental and social benefits for another 100 years.  

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