Soil Restoration Notes
Fixed Income, Direct Impact
Iroquois Valley has independently issued promissory notes since 2014 to offer investors a fixed-income security that supports organic farmers. The proceeds from the sale of the Soil Restoration Notes are used to secure farmland for farmers that have approached us with land access needs. The Notes allow the Company to broaden and diversify the capital stack, keep costs of capital relatively low and offer lease and mortgages to farmers at accessible rates. This product is only available to accredited investors. This offering is now closed – a new Note offering is coming in early 2020.
Direct Impact Through the Organic Transition Pool
The Soil Restoration Notes program includes direct financial support for farmers in the portfolio who are currently experiencing the three-year transition period necessary to convert a conventional piece of farmland to organic. The Company pays 3% annually on the Notes, but only 2.5% goes to the investor. The remaining 0.5% is paid into a cash pool distributed to farmers in transition on a per acre basis. This helps lower costs for farmers during the most financially challenging time, when the crops are grown organically but are not able to be marketed as organic.
Investment Details
- Available to accredited investors only*
- Minimum investment of $30,000
- Investor receives 2.5% interest per year, paid in semi-annual coupons on January 15th and July 15th
- Company pays an additional 0.5% interest into Organic Transition Pool distributed to farmers currently in the process of transitioning the land to organic
- Note matures on July 15, 2023
- Securities offered through SEC Regulation D
*For more information on what defines an accredited investor, please visit the SEC website or reach out to our investment department at invest@iroquoisvalleyfarms.com
How to Invest
-
Review the PPM and associated offering documents
-
Invest online at invest.iroquoisvalley.com OR download a Subscription Agreement on our Documents page and submit by email or mail
-
Send funds through check or wire (instructions available upon request)
-
Reach out to invest@iroquoisvalleyfarms.com with questions or to set up a phone call for review
To learn more about the offering please email invest@iroquoisvalleyfarms.com
Ready to Invest?
Iroquois Valley Farmland REIT, PBC is offering its common stock for sale pursuant to Tier 2 of Regulation A+ and as such intends to be exempted from state qualification pursuant to federal law. Some of the statements herein may constitute forward-looking statements under federal securities laws. Such forward-looking statements are subject to various risks and uncertainties, including those described in the Offering Circular. No offer to sell securities or solicitation of an offer to buy securities is being made herein or in any state where such offer or sale is not permitted under the blue sky or state securities laws thereof. Offerings are only made through our Offering Circular, available here. No offering is being made to investors unless and until the offering has been noticed in that state, as applicable. In compliance with state securities laws, Iroquois Valley Farmland REIT, PBC is prohibited from offering and selling securities to residents of the following states until further notice: AZ and FL. Furthermore, no offer to sell securities or solicitation of an offer to buy securities is being made in the following states: AL, AR, ND, OK, and WV.