Rodale Institute Invests $2 Million of Endowment to Increase Land Access for Organic Farmers

Impact investment with Iroquois Valley Farmland REIT will provide farmer-friendly leases, mortgages, and lines of credit for farmers transitioning to organic


Kutztown, PA, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Rodale Institute, the global leader of regenerative organic agriculture, is “putting its money where its mouth is” by investing 2 million dollars with Iroquois Valley Farmland Real Estate Investment Trust (REIT), a farmland finance company that works with mission-driven investors to provide organic and regenerative farmers land security through long-term leases and mortgages.

 

The Board of Directors at Rodale Institute approved the decision to invest a portion of the organization’s endowment fund and general operating budget with Iroquois Valley in an effort to increase land access for organic farmers across the country and boost organic acreage, a core tenet of Rodale Institute’s mission.

 

Rodale Institute has been researching the benefits of regenerative organic agriculture for over 70 years, focusing on growing the organic movement through science, farmer training, and consumer education. This investment makes Rodale Institute one of the top 5 shareholders in Iroquois Valley, allowing the Institute to support organic farmers while responsibility stewarding its assets and growing its endowment.

 

“Rodale Institute has always been committed to socially responsible investing,” said Maya Rodale, Co-Chair of Rodale Institute’s Board of Directors. “We are thrilled to have the opportunity to invest with Iroquois Valley, whose mission to put more organic farmers on more organic acres couldn’t be more in line with ours. We are taking the opportunity to make a difference in the world with our investments—because the future is organic.” 

 

Despite the organic market reaching $55 billion in the U.S. in 2019, only 1% of U.S. farmland is certified organic. Programs like Rodale Institute’s Organic Crop Consulting service, which puts trained agronomists on transitioning farms in a one-on-one mentorship model, are working to bridge that gap. However, land access and capital remain a barrier for potential organic farmers across the United States.

 

Iroquois Valley seeks to break down those barriers by purchasing farmland and entering into a lease agreement or underwriting a mortgage for organic farmers who are looking to start or expand their operation. Rodale Institute’s investment allows Iroquois Valley to purchase more land and offer those resources to farmers nationwide.

 

With the availability of farmable land decreasing every year, the power of Iroquois Valley to purchase land quickly for organic farmers who may not have access to traditional funding sources is critical in ensuring the growth of the organic movement. Iroquois Valley also offers lines of credit for organic farmers who need to jumpstart their operation. Iroquois Valley’s portfolio currently includes over 60 farms on more than 13,000 acres in 15 states.

 

“One of our founding goals at Iroquois Valley was simply to support organic farmers in growing their businesses and stewarding more land,” explained Iroquois Valley co-founder and board chair, Dr. Stephen Rivard. “We believe that more land in organic production is essential to changing both our food and healthcare systems. Rodale Institute’s investment will allow us to deploy more capital to organic and transitioning farmers who are building healthy soils and supporting healthy outcomes for people & planet. We are proud to partner with Rodale Institute and work together toward an organic future.”

 

Rodale Institute’s impact investment with Iroquois Valley not only increases land access for organic farmers but ensures responsible investment and growth of Rodale Institute’s endowment in a way that aligns with its mission. “Impact investing” refers to investments that provide capital to address social or environmental issues while generating a financial return. Rodale Institute’s bylaws state that “up to 100% of investment assets should be allocated to socially responsible investment opportunities.”

 

“Investing in farmland is an excellent addition to our already diverse portfolio,” said Elaine Macbeth, Rodale Institute’s Chief Financial Officer. “This addition allows for more stability in our portfolio and creates an investment that is inflation-resistant during adverse market conditions while upholding the mission we work towards every day.” 

 

One example of the direct impact of Rodale Institute’s investment is Main Street Project, a nonprofit based in Northfield, Minnesota. Main Street Project uses a poultry-based regenerative system to develop farming opportunities for Latinx immigrants working in the food system.

 

Iroquois Valley, through the help of their investors, was able to scale up Main Street Project’s model to a 100-acre farm where the organization can document the economic, ecological, and social impacts of regenerative livestock on a family-farm level. Iroquois Valley’s support has also allowed Main Street Project to increase training opportunities for upcoming and established farmers looking to integrate regenerative poultry.

In addition to advancing the impact of Rodale Institute’s investments, Iroquois Valley is also utilizing Rodale Institute’s research, farmer training, and educational resources, such as consulting, to assist their clients with the economics of transition.

 

Rodale Institute has always believed that investment in organic agriculture is an investment in rural communities, farm families, and public health. Investing in Iroquois Valley’s diversified portfolio of farmland allows the Rodale Institute to spread its impact across the United States, moving closer to an organic future.

 

About Rodale Institute: Rodale Institute is a 501(c)(3) nonprofit dedicated to growing the organic movement through rigorous research, farmer training, and consumer education. Widely considered the global leader in regenerative organic agriculture, Rodale Institute has been researching the best practices of organic agriculture and sharing findings with farmers, scientists, and consumers throughout the world since 1947. Learn more at RodaleInstitute.org.

 

About Iroquois Valley Farmland REIT: Iroquois Valley is a real estate investment trust providing secure land access to transitioning and organic farmers. Founded in 2007, it has relied on capital from more than 400 accredited investors who have grown the portfolio to over $60 million. Iroquois Valley provides approximately 50 farmers with farmland tenure on over 13,000 acres in 15 states. Incorporated as both a Certified B Corp and Public Benefit Corporation, Iroquois Valley is committed to supporting farmers growing healthy food and building healthy soil. Learn more at www.iroquoisvalley.com.

 

Attachment

 
An agri-penuer working with Main Street Project, a beneficiary of Iroquois Valley. Photo courtesy of Main Street Project.

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