David E. Miller, Co-Founder and CEO, highlighted, “We are seeing solid growth in the specialty and organic food markets. This is good news for our farmers, investors and the environment."
Chicago, IL (PRWEB) May 26, 2015
Iroquois Valley Farms, LLC, a leading organic farmland company, is pleased to announce a June 30 record date for its 2015 distribution to LLC members. The payment will be the Company’s first distribution to members, demonstrating the strength of the ongoing business. Consistent with Iroquois Valley Farms’ business cycle, the distributions would be post-harvest, and subject to final Board approval. David E. Miller, Co-Founder and CEO, highlighted, “We are seeing solid growth in the specialty and organic food markets. This is good news for our farmers, investors and the environment."
The announcement follows a year of accelerating growth for the company. Its most recent acquisition, a dairy farm in Madison County, NY, is the 25th farm for Iroquois Valley Farms, bringing its ownership to over 3,300 acres leased to organic farmers, located in 18 counties in seven states. Farm production includes specialty and small grains, legumes, grasses, diverse forages and cover crops, along with pastured dairy. Iroquois Valley Farms is raising new investment capital with a $20 million private offering to continue its growth via new farmland acquisitions.
Iroquois Valley Farms, LLC is one of the first private enterprises in North America giving socially responsible investors the opportunity to directly impact the growth of local and organic farmland. The Company operates as a farmland leasing business with a triple bottom line focus, providing farmers, mostly young, with land access. Iroquois Valley Farms uses private investment capital to acquire farm properties which are leased to independently operating mid-size sustainable family farmers. Investors are able to purchase equity and debt positions in the Company through private offerings thereby taking a stake in a diversified portfolio of local and organic farmland. The company is a Certified B Corporation and recognized as an ImpactAssets 50 three years running.