Iroquois Valley Farmland REIT, PBC

Iroquois Valley Farmland REIT, PBC is a restorative farmland finance company providing land access to organic family farmers, with a focus on the next generation. Starting in 2007 (through Iroquois Valley LLC) and establishing itself as a leader in socially responsible investing before “SRI” and “Impact Investing” were common vernacular, the Company has a long track record of successfully acquiring organic and transitional farmland. In 2016, the Company expanded its scope to include first mortgage financing.

The Company uses private investment capital to facilitate farmers’ expansion plans through leasing or mortgage financing. The entities that collectively comprise the Company are committed to social responsibility and the public health. In that regard, Iroquois Valley Farmland REIT, PBC was established as a Public Benefit Corporation, in the state of Delaware, whose public benefit is enabling healthy food production, soil restoration and water quality improvement through the establishment of secure and sustainable farmland access tenures, and making it the first REIT PBC in the country! Additionally, Iroquois Valley LLC is a Certified B Corporation that was awarded Best for Community in 2014 and Best for the World in 2016 and 2017. The Company has also been selected every year since 2012 as an ImpactAssets IA50 Best Manager Impact Company.

“We built our business to support the businesses of our farmers.” David Miller, Co-Founder and CEO

Financial description

Financial assets are $42,000,000; equity capital is over $25,000,000 and Debt investment is currently over $5,000,000. Governance is by a nine member Board of Managers elected by majority vote of voting membership. Currently, Board composition includes two farmers, four women, and one minority Manager.
The goal is to expand valuable and promising farmland asset purchases economically through increased expansion of investor capital. We have an existing pipeline of sustainable farmers that are connected with farmland that the Company could purchase. The local farmers bring us opportunities because we have a proven reputation for extending long term leases and retaining their tenancies. Our solid balance sheet has enabled us to access the best financing terms in the local farmland markets -- and our focus on IRA/pension capital has enabled us to allow liquidity without an investment lock-out period. Voting rights are earned with a three year vesting. The Company maintains a diverse, nine member Board of Managers, elected by majority of voting membership.