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The second quarter of the year is always a busy stretch for our farmers. Corn and soybeans are going in the ground, then the wheat harvest kicks off, and not long after, grain deliveries start rolling in. At Iroquois Valley, we’re keeping pace—working hard alongside our organic, regenerative farmers, and staying connected with our investors who make this work possible.
This year has been anything but predictable in the global markets, but out in the fields, there’s still a lot to be encouraged by. Farmers are seeing solid wheat yields, hearty cover crops, healthy lentils, and corn that’s off to a great start. It’s a reminder that steady, patient work pays off—not just in a single season, but in building strong local economies and healthier ecosystems for the long run.
Want to be a part of this vital investment in our collective future? Join our community of impact-driven investors!
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FARM SPOTLIGHT
BLACK WIND FARM
Justin Butts of Black Wind Farm is a chef, Navy veteran, and first-generation farmer working to reconnect people to food, land, and each other. Nestled in the rolling hills of upstate New York, Black Wind Farm is home to a small herd of Kunekune pigs, cattle, sheep, and goats. For Justin, animal welfare is paramount—from the way he raises his livestock to the reverence with which they are brought to the table.
With investor support from our Rooted in Regeneration Notes, Justin secured financing to purchase farmland and establish a permanent home for Black Wind Farm. Traditional mortgage lending wasn’t an option for him as VA loans don’t support commercial farms, and conventional banks often require down payments beyond reach for new farmers. With the support of our impact-driven investors, Justin was able to turn his vision into reality. Want to learn more?
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SAVE THE DATE
ORGANIC FARMING RESEARCH FOUNDATION & IROQUOIS VALLEY WEBINAR
Join us on September 3rd at 12:00 p.m. CT for an informative conversation with our partners on the front lines in Washington, D.C. — the Organic Farming Research Foundation (OFRF).
Gordon Merrick, OFRF Policy & Programs Director, and Vinnie Trometter, OFRF Policy Fellow, will dive into the latest updates on the Hill, funding opportunities, and what’s ahead for organic farmers nationwide. With the numerous changes in government policies, you won’t want to miss OFRF’s knowledgeable insights in this timely discussion!
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LEARN & GROW
INVESTOR QUESTION OF THE MONTH
Q: How is the share price for the REIT shares determined?
A: We revalue our REIT share price twice a year, and the price is directly linked to the estimated fair market value of our farmland portfolio.
To determine the fair market value of our farmland, every property undergoes an independent third-party appraisal with an in-person site visit at least once every three years. In the years between, we use rigorous internal desktop appraisals, leveraging industry-standard methods. The primary difference between desktop appraisals and a full appraisal is that the desktop method doesn't include a typical farm visit.
To recognize the unique added value of organic certification, we apply an "Organic Premium" to certified organic farms, ranging from 1% to 9%. This premium primarily reflects the length of certification and rewards environmentally responsible stewardship.
The share price is calculated by totaling the fair market values of all our assets (including the fair market value of our farmland and the Organic Premium, where applicable), less the fair market value of our liabilities to determine the amount of equity in the company. The resulting equity is determined by the number of outstanding shares to determine the NAV (or value) per share.
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JOIN US
RFSI FORUM IN MINNEAPOLIS OCT 7-8
We’re very excited to announce that we are sponsoring the Regenerative Food Systems Investment Forum taking place this October 7-8 in Minneapolis, Minnesota. The Forum brings together investors, funders, and practitioners across agriculture and finance ecosystems to discuss topics such as investment strategies for farmland, blended capital models, soil health case studies, and much more.
We invite you to use our discount code IROQUOISVALLEY10 for 10% off registration and join us at the Forum. Planning to attend? Please reach out so that our team can connect with you. We hope to see you there!
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CONNECT WITH IROQUOIS VALLEY
Our team is attending these upcoming events. Reach out to connect!
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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.
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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.
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Iroquois Valley Farmland REIT | Public Benefit Corporation
Certified B Corporation | Est. 2007
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