A Growth Stock for the Next Generation
LOYOLA UNIVERSITYINSTITUTE OF ENVIRONMENTAL SUSTAINABILITY
David E. Miller, CEO/Co-Founder, Iroquois Valley Farms, LLC
John Steven Bianucci, Director of Impact
2www.iroquoisvalleyfarms.com
A FOOD & FARMLAND COMPANY
Iroquois Valley Farms is a Food and Farmland Company that connects local and organic
farmers to farmland
Iroquois Valley Farms is not a hedge fund, limited partnership, non-profit, angel investor network, or farmland broker
3www.iroquoisvalleyfarms.com
COMMITMENT TO THE LAND
The Farmer Perspective
Individual Farmer Commitment – One generation
Pass to Next Generation?
Iroquois Valley Commitment – Indefinite ownership
Traditional Wall Street Commitment – 10 years
Support Multi-Generational Tenure
Well Hopefully…
4www.iroquoisvalleyfarms.com
INVESTOR BASE
DC
181 equity investors1 across 28 states, DC, Canada and England
(1) Reflects unique investment accounts. Individual members may have multiple accounts and accounts may have multiple owners.
35 Notes
outstanding
across
15 states
5www.iroquoisvalleyfarms.com
SISTERS OF LORETTO
LEFT - Sister Janet points to St. Patrick's grade school in Kankakee, Illinois, where fifty years ago, Co-Founder Dr. Stephen Rivard was taught by the Sisters of Loretto.
RIGHT – Barn and Fields at the Loretto Motherhouse in Nerinx, Kentucky.
First Faith Based Investor
6www.iroquoisvalleyfarms.com
YOUNG FARMER LAND ACCESS• Over 2,300 acres acquired for young farmers
since 2012• Earning the option to purchase
Acres to Young Farmers
7www.iroquoisvalleyfarms.com
ORGANIC GRAIN CONFERENCEJune 2015, Iroquois County, Illinois
Harold Wilken (Iroquois Valley’s first farm tenant) leading an organic grain
conference
8www.iroquoisvalleyfarms.com
SIGNIFICANCE OF ‘B’ CORP STATUS• Embedded in our Governing Documents
– Support for triple-bottom-line returns
• Global Impact Investment Ratings Survey (GIIRS) – Utilized by investment managers worldwide – Competitive assessment tool for IVF management
• Significant Marketing Support– Worldwide community 1,300+ ‘B’ corporations– Investment pros instantly recognize and accept
9www.iroquoisvalleyfarms.com
NEW DAIRY FARMS
Earlville Farm in Madison County, NY
McMunigal Family in Monroe County, WV (Mystic River Farm)
10www.iroquoisvalleyfarms.com
ENVIRONMENTAL IMPACTS
• First, Do No Harm (not applied)– 171 tons* of dangerous nitrogen fertilizers– Almost 3.5 tons* of toxic chemical pesticides
• Carbon Sequestration– 12 million lbs* of CO2 per year (removed from air)
– 3.4 million lbs* of carbon per year (stored in soil)
• Biodiversity Enhancement & Conservation– 34% more species– 50% more pollinator species
Benefits of Organic Farming
* Figures based on Iroquois Valley Farms current 3,388 acreage transitioned to organic
11www.iroquoisvalleyfarms.com
FARM DIVERSIFICATIONAcres by State
366
238
1,097
163
TargetStates
Farm Acq. Yr Acres County
Hoekstra 2007 81 Iroquois, IL
Martin 2008 160 Iroquois, IL
Denker 2011 225 Livingston, IL
Pleasant Ridge 2011 76 Livingston, IL
Old Oak 2012 121 Huntington, IN
Rock Creek 2012 80 Will, IL
Hedge Creek 2012 80 Will, IL
Red Oak 2013 115 Boone, IN
Jackman 2013 71 Boone, IN
Mooday 2013 59 Montgomery, IN
Shiawassee 2013 238 Shiawassee, MI
Mary Ellen’s 2013 115 Iroquois, IL
One Bottom 2013 40 Iroquois, IL
Taconic Ridge 2013 163 Washington, NY
Sparta Woods 2013 166 Shelby, IN
Union Fair 2014 180 Knox, ME
Healing Ground 2014 110 Rockcastle, KY
Two Roads 2014 240 Shelby, IL
180
110
CurrentStates
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SOCIAL IMPACTS
• Increase farmers’ sales & profits, strengthening job growth in the agricultural community
• Supports local economies & social services; community based education
• Develop long-term infrastructure of healthy local and regional food systems
• Protect farmers with the right to purchase
Benefits of Organic Farming and Family Farmers