In 2016, Iroquois Valley Farms piloted a new mortgage program. What we found over the years was that one of the largest impediments to growing organic farming was the repayment terms and conditions of a family's primary farm mortgage. Without addressing this issue, future growth opportunities were often severely restricted.
Our initial mortgage program had multiple objectives:
- Recapitalize existing organic mortgages with more flexible repayment terms
- Encourage new farmland purchases by organic farming families
- Expand operations to new geographic markets
- Diversify portfolio risk by including more climate resilient poduction. Over 60% of farmland mortgaged through Iroquois Valley Farms is in pasture.
Strafford Village Farm is a good example of executing this strategic plan. Learn about the Miller Varley family's operation and why mortgage financing made sense for the family by watching Shannon's presentation.