The team at Iroquois Valley is excited to share our 2024 Public Benefit Report and provide a Q1 2025 update.

The 2024 Public Benefit Report is a reflection on the collective impact made possible by our farmers, investors, board, and staff. This year’s report highlights:

• Our expanding portfolio of organic, regenerative farms
• Farmer stories from Johnson Family Farm and Diamond E. Ranch
• The strength of our investor community and board leadership
• Our core values, guiding principles, and goals for the year ahead

As we publish this report and close out Q1 2025, we are thankful that our impact-driven investors support over 36,900 acres of farmland, 77% of which is certified organic, while the remaining 23% is in transition.

Our organic, regenerative farmers stewarding these acres contribute to healthier ecosystems and better human health outcomes. With less than 2% of U.S. farmland currently certified organic, the opportunity to create a lasting ecological and economic impact is immense.

We hope you will read the report and celebrate what we’ve achieved together!

Q1 2025 OUR PORTFOLIO

Q1 2025 OUR IMPACT

BOARD OF DIRECTORS UPDATE

WELCOME JEFF ANDERSON

Iroquois Valley is proud to welcome farmer, Jeff Anderson, to our Board of Directors. Mr. Anderson is a fifth-generation farmer (second-generation organic farmer) in Northern Illinois and former accountant/auditor. He was raised on a 450-acre Illinois cattle farm, which was converted to an organic grain farm by his father in 1998. From 2012 to 2014, Mr. Anderson transitioned ownership and management of the farming operation from his father to himself.

In 2014, Mr. Anderson became an Iroquois Valley tenant and is currently leasing five Iroquois Valley farms. Today, he and his business partner manage 6,000 acres of organic farmland throughout five counties in various rotations of corn, soybeans, wheat and oats.

FARM SPOTLIGHT

WHOLESOME MEADOWS FARM

Josh and Sara Smith are first-generation farmers raising their three kids—Isaac, Sadie, and Cora—in northeastern Indiana. What began in 2014 as a small farmstead has grown into a diversified organic operation spread across 157 acres. The Smiths own 80 acres dedicated to produce, berries, pumpkins, and pasture-raised laying hens. In 2024, they expanded their operation through a partnership with Iroquois Valley to lease a nearby 77-acre property for rotational grain production. The Smiths view organic farming as a mission to restore and build soil health. 

LEARN & GROW

INVESTOR QUESTION OF THE MONTH

Q: I know that Iroquois Valley helps farmers access land, but do you provide any support to farmers post-investment?  

A: In early 2025, we began our partnership with the Rodale Institute to provide essential, locally relevant post-investment support.

The Rodale Institute’s Organic Consulting Team is offering Iroquois Valley growers a suite of comprehensive, science-backed services designed to enhance farm profitability, operational performance, and ecological sustainability through their expertise in organic farming practices. 

The collaborative program includes site visits, remote agronomic technical assistance, and guidance on topics such as weed and pest management, fertility recommendations, crop rotation planning, tillage reduction strategies, and certification assistance.

CONNECT WITH IROQUOIS VALLEY

Our team is attending these upcoming conferences. Reach out to connect!

• SAFSF Forum (Santa Ana Pueblo, NM)
• Confluence Advisors Forum & Climate Solutions Summit (New York, NY)
• Old Salt Festival (Helmville, MT)
• Intersections of Farming, Climate, and Health (Havre, MT)
• Organic Week (Washington, DC)
• Regenerative Food Systems Investment (Minneapolis, MN)

Photos: Wholesome Meadow's Farm, Adam Robert's Farm, and Evergreen Ranching.

RNR Notes are available to accredited investors only. You may only invest after careful consideration of our complete Private Placement Memorandum, verification of your accredited investor status, and the submission of any other information required by Iroquois Valley relating to your proposed investment. No offering of RNR Notes is being made to investors until the Company has complied with the applicable state law. 

Iroquois Valley Farmland REIT, PBC is offering its common stock for sale pursuant to Tier 2 of Regulation A+ and as such intends to be exempted from state qualification pursuant to federal law. No offer to sell securities or solicitation of an offer to buy securities is being made herein or in any state where such offer or sale is not permitted under the blue sky or state securities laws thereof. Offerings are only made through our Offering Circular, available here. Some of the statements herein may constitute forward-looking statements under federal securities laws. Such forward-looking statements are subject to various risks and uncertainties, including those described in the Offering Circular.

No offering is being made to investors unless and until the offering has been noticed in that state, as applicable. In compliance with state securities laws, please contact the Company if you reside in NY to determine if an investment in our common stock (or further investment) is possible.

CONNECTING FARMERS, COMMUNITIES, AND INVESTORS SINCE 2007

As a corporate guideline, we do not look for specific farmland to purchase or finance. We develop relationships with farmers who want to grow their businesses. We move forward when we have a ready, willing, and able farmer.