Category: News & Media

Earth Day 2022: Investing in Our Planet

Fresh basil from one of the newest farms in our portfolio, Sumac Creek Farm in Kankakee County, IL

Earth Day is here, and we are grateful that there is a day devoted to raising awareness about environmental issues and celebrating our planet. The official theme for Earth Day 2022 is “Invest in Our Planet”, and it highlights the importance of holding businesses, governments, and citizens accountable for the future of our planet. 

Some recommended resources about Earth Day can be found below. In celebrating Earth Day, we must acknowledge that it is important to prioritize the Earth every day, not only on April 22nd, and we must remember the Indigenous Peoples that have been stewarding our planet and resources for generations. 

Earth Day Resources

Organic Farming Research Foundation publishes the 2022 National Organic Research Agenda

Iroquois Valley is proud to have partnered with the Organic Farming Research Foundation (OFRF) to support their work in publishing the 2022 National Organic Research Agenda (NORA). This report details organic research needs with the goal of informing future investments to support the success of organic farmers and ranchers and those transitioning to organic production. We are pleased to report that a number of farmers in the Iroquois Valley portfolio contributed to this research by participating in focus groups and surveys. In total, 1,100 certified organic and 71 transitioning-to-organic farmers and ranchers were surveyed or attended listening sessions. The goal of engaging farmers was to better understand their challenges, needs, and perspectives. An adapted version of OFRF’s press release with more information about the NORA can be found below. 

This is the seventh national survey of organic producers that OFRF has conducted and the third NORA to be officially released. Findings from the 2022 NORA will be instrumental in guiding upcoming policy advocacy (including the 2023 Farm Bill) and informing organizations, researchers, USDA agencies, and Congress about the ways in which support for organic farmers can be improved and strengthened. 

Highlights from the National Organic Research Agenda

“Organic farming has been historically under-invested in, in terms of research, education and extension,” says OFRF Executive Director Brise Tencer. “The 2022 National Organic Research Agenda presents incredible feedback directly from organic farmers and provides a compelling roadmap for how to best support the growth of this important sector of agriculture.” 

Survey respondents provided input and perspectives on their current organic production systems, including the use of regenerative soil health management practices, water conservation, organic inputs, and organic seed. Findings confirm that organic producers lead the nation in adoption of soil health management and climate-friendly practices. The 2022 NORA also examines current farmer concerns in organic agriculture, farmers’ preferred sources and modes for information-sharing, and summarizes the impacts of COVID on organic producers.

Respondents also shared their production and non-production challenges, which OFRF then analyzed by region, farming experience, and race/ethnicity. This particular NORA compares the experiences of both Black, Indigenous, and People of Color (BIPOC) and White farmers, and reveals BIPOC producers are experiencing many organic production challenges and at a higher rate than their White counterparts.

In addition to identifying gaps in current organic and transitioning-to-organic production challenges, NORA highlights farmer-identified solutions and strategies shared during its focus group discussions. NORA also provides comprehensive recommendations to guide OFRF’s research and policy initiatives. Proposed investments and focus areas include, but are not limited to, technical assistance, organic research, and racial equity programming.

About Organic Farming Research Foundation 

Organic Farming Research Foundation (OFRF) works to foster the improvement and widespread adoption of organic farming systems. OFRF cultivates organic research, education, and federal policies that bring more farmers and acreage into organic production.

Iroquois Valley named to the IA 50 for the tenth consecutive year

Iroquois Valley was named an Emeritus Manager by ImpactAssets in its annual ImpactAssets 50™ (IA 50). This year, ImpactAssets celebrates its eleventh year curating its widely recognized list of impact investment fund managers.

According to ImpactAssets, the IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. In order to be considered for the IA 50 2022, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact, and be available for US investment.

“As impact investing continues its inexorable rise, it is critical to provide investors with a curated, objective evaluation of impact fund managers. The IA 50 is built to filter out the noise that is growing louder in impact investing and help investors focus on deep, meaningful impact.”

Jennifer Kenning, CEO and Co-Founder of Align Impact and IA 50 Senior Investment Advisor

The IA 50 Emeritus Impact Manager list illuminates impact fund managers who have achieved consistent recognition on the IA 50. Iroquois Valley is proud to be named an Emeritus Manager as a company selected for the IA 50 every year since 2012. This distinction reflects our ongoing commitment to creating and reporting on the positive impacts we make through our investments.

Learn more about the IA 50 here and view the other companies named to the IA 50 here.

Iroquois Valley Farmland REIT, PBC Welcomes Andy Ambriole as Interim CEO

Iroquois Valley Farmland REIT

Press Release

The Company and Tera Johnson, our former CEO, parted ways effective December 3, 2021. Ms. Johnson’s departure was amicable – she moved on to pursue other opportunities. Dr. Stephen Rivard, the Co-Chair of the Board of Directors, expressed appreciation for “all of Tera’s hard work during her tenure. We wish her the best of luck in her next endeavor.”

Long-time Iroquois Valley Board member, Investment Committee member, and tenant farmer, Andy Ambriole, has agreed to serve as interim CEO, effective November 22, 2021. Dr. Rivard said that “Andy’s knowledge of Iroquois Valley and of organic farming make him an ideal person to steward the organization during our transition.” 

Speaking about his new role, Mr. Ambriole shared, “Iroquois Valley is a farmer-first company, and I am proud to serve in an organization with that belief. I look forward to working with the team to grow our farmer base and in turn helping to convert more farmland to organic and regenerative.”

Finding a permanent CEO is a priority for the coming months, and the Board of Directors has begun a search. We expect to have an ample pool of qualified candidates.

Please reach out to Donna Holmes, Vice President, Investor Relations with comments and questions at dholmes@iroquoisvalleyfarms.com.

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. 

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

Restoring the Agricultural Richness of Pembroke

Located one hour south of Chicago, the Pembroke Township in Illinois was once home to the largest Black farming community north of the Mason-Dixon line. Today, less than 50% of this land is owned by descendants of the farming families. Iroquois Valley, in partnership with Black Oaks Center, Savanna Institute, Conservation Fund, Food Finance Institute, and Fresh Taste, was awarded a Conservation Collaboration Grant in 2020 to support this farming community with the financial and technical resources necessary to expand and diversify the region’s agroforestry production. 

As part of this grant, Black Oaks Center recently hosted an Open House for all Pembroke landowners to attend and learn more about federal funding opportunities. Present at the event were Conservation Fund, Savanna Institute, Iroquois Valley, and Renewable Pembroke. The Farm Service Agency (FSA) was also available to sign up landowners for FSA programs – their first step in accessing National Resources Conservation Service (NRCS) services. John Steven Bianucci, Iroquois Valley’s Director of Conservation, reported that over 25 landowners registered with the FSA. 

Overall, the event was a big success, increasing the momentum for Pembroke farming.

A Conversation with Chicory Wealth

Chicory Wealth, one of the registered investment advisors in our financial advisor network, recently hosted Alex Mackay, our VP, Investor Relations, for a conversation about investment opportunities at Iroquois Valley. We would highly recommend the webinar to anyone interested in a comprehensive overview of what we do. Alex walks through our Pitch Deck and shares stories about three of the farms in our portfolio

Worried about inflation? Invest in organic farmland

“Now is a very good time to invest in one of human civilization’s oldest and most reliable sources of wealth… farmland.” 

Justin Anderson, Yahoo Finance

Rising fear of inflation is causing many investors to direct their money towards bonds or alternative asset classes instead of the stock market. Despite investors’ concerns, the Federal Reserve continues to hold rates steady, calling any inflation increases “transitory” amid the government stimulus. 

For investors interested in hedging against periods of inflation, farmland is an exceptional asset to diversify an investment portfolio. As the price of consumer goods rises, the price of commodities (such as food) typically rises as well. Food is necessary for survival, so an increase in prices will not affect demand compared to non-essential consumer goods. An increase in the price of food is often accompanied by an increase in the value of farmland — thus making now a prime time to invest in one of our country’s most valuable assets

Although portfolio diversification and the financial upside of farmland investment are at the forefront of our investors’ minds, Iroquois Valley investors are equally concerned with supporting independent farmers, healthy food production, and environmental improvement. When you invest in Iroquois Valley, you are partnering alongside 500+ mission-driven investors working to provide organic farmers with land security and financing. Join us as we invest in the health of our planet, our soil, and our people. 

Iroquois Valley named to the IA 50 for the ninth year in a row

Iroquois Valley was named an Emeritus Manager by ImpactAssets in its annual IA 50. This year, ImpactAssets celebrates its tenth year curating its widely recognized list of impact investment fund managers.

According to ImpactAssets, the IA 50 is an annual showcase of companies dedicated to making impact investments, offering a gateway into the world of impact investing for investors and their financial advisors. The IA 50 offers an easy way to identify experienced and emerging impact fund managers. The IA 50 is intended to illustrate the breadth of impact fund managers operating today, though it is not a comprehensive list. Fund managers selected to the IA 50 demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.

The IA 50 expanded its scope this year to include two new categories: Emerging Impact Managers to recognize newer fund managers that demonstrate potential to create meaningful impact and Emeritus Managers to highlight impact fund managers that have achieved recognition on the IA 50 for five years. Iroquois Valley is proud to be named an Emeritus Manager as a company named to the IA 50 every year since 2012. This distinction reflects our ongoing commitment to creating and reporting on the positive impacts we make through our investments.

Learn more about the IA 50 here and review the other companies named to the IA 50 here.

Events

2021 Holiday Gift Guide

December 3, 2021
Iroquois Valley is excited to share our annual gift guide featuring products grown by the farmers we partner with. Scroll below for products available across the country as well as products available in certain regions.

News

Earth Day 2022: Investing in Our Planet

April 22, 2022
Earth Day is here, and we are grateful that there is a day devoted to raising awareness about environmental issues and celebrating our planet. Some recommended resources about Earth Day can be found below. In celebrating Earth Day, we must acknowledge that it is important to prioritize the Earth every day, not only on April 22nd, and we must remember the Indigenous Peoples that have been stewarding our planet and resources for generations. 

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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