Iroquois Valley Farms was started 10 years ago to provide land access to those who want to farm organically. As David Miller, Co-Founder and CEO, says, “We built our business to support the businesses of our farmers.”
Iroquois Valley Farms starts with the farmer.
You decide on the land that works for you and bring that opportunity to the company. We know that you may need particular land to build your operations, properties that may just come on the market once in a lifetime. The Iroquois Nation provides us with inspiration: “In every deliberation one must consider the impact on the seventh generation.” We are NOT a farmland trading company. We provide family farmers the land security that will help you regenerate soils and build businesses.
Who are our farmers?
Our farmers grow beans, corn, legumes, hay, wheat, rye, nuts, berries and more; they milk cows and raise beef cattle, chickens, hogs and ducks. They farm more than 8,500 Iroquois Valley-purchased or -financed acres in 14 states around the country. 68 percent of our tenants are millennials. Most are from established farm families.
Who we work with...
We are looking for farmers who want to improve their soils while growing healthy food. Iroquois invests only in those who have farming experience, usually with organic production or grass-based operations, and who have a financially viable operation. It is helpful if you have a family history of successful farm operations, but we know not all have had that opportunity.
What are our terms?
When we purchase land for you to farm, we provide five-year leases, with automatic two-year renewal provisions. Our goal is to provide you a lifetime lease, if that is what you want. Rent is based on the purchase price of the land. There is a base rent and then a variable rent payment when your operation reaches a certain level of profitability. We would work with you to create a fair economic structure for you and for us.
For our mortgage funding, we provide five-year fixed rate terms with interest-only payments (no principal). Our mortgages also have renewal provisions. We have provided refinancing, to help farmers consolidate their debt, as well as financed new purchases. We will provide more specifics as we begin discussions with you.
May a farmer buy the land after leasing?
Once a farmer has completed seven years on the lease (initial term and one renewal period), he or she has the ongoing opportunity to purchase the farm in question. There is no obligation to purchase, however. For many of our farmers, having lifetime, secure rental arrangements are the best option as they build their operations and purchase land elsewhere.