FarmlandFinder announced this week a sale-leaseback program as a part of its online marketplace for farmland.
“Talking with farmers, there is a contagious curiosity to find ways to unlock equity that’s tied up in their land without giving up control of the property or taking on additional debt,” said Steven Brockshus, Founder and CEO of FarmlandFinder in a release. “Through our private investment platform, a farmer can apply for a sale-leaseback and if they qualify, they’ll get connected with a qualified investor who partners with them to help unlock equity.”
A farm sale-leaseback can be an effective means of alternative financing for progressive farmers. How does it work? An investor acquires the land from the farm owner-operator and then leases it back to them on a long-term basis. This program can provide value to farmers seeking an alternative financing solution. A sale-leaseback provides liquidity to the farmer while helping them maintain on-going operational control of the land. By pairing an owner-operator with a qualified investor through the FarmlandFinder platform, a sale-leaseback can be done in a few simple steps.
“It could be a good program for a retiring farmer whose equity is tied up in the land, but they’d like to keep farming for a few years,” said Peter Jaques, Head of Real Estate at FarmlandFinder. “Or a progressive farmer who wants to take the equity from one property and use it to buy another piece of land or invest elsewhere in their operation. The other time a program like this could be useful is when a farmer has fallen on hard-times and they need to free up some cash to keep the farm going. It may not be ideal, but at least there’s an option.”
There is no up-front cost to the farmer for entering into a sale-leaseback and it can be a flexible alternative financing tool to help producers achieve a variety of objectives.
Techstars Iowa AMA: Meet the Partners
Next Wed., Februrary 17th Techstars Iowa will hold an online event where you can meet the Techstars Iowa Team including Program Staff and partners from Grinnell College, Iowa State University, and the University of Iowa.
Attendees will hear about what it’s like to build & scale in an accelerator program and gain insight into Iowa’s growing startup community.
Register for the online event here.
CYstarters student accelerator applications are due March 8
CYstarters is now recruiting its sixth cohort. The 11–week intensive program gives young entrepreneurs the time, funding, network of mentors, and skill-set development to start something while at Iowa State.
Students will receive $6,500 per individual or up to $13,000 per student team for the opportunity to spend the summer dedicated to achieving startup goals and pursuing entrepreneurial aspirations. The program will run from May 17 through July 30, 2021.
The program is open to current and recent ISU students. The deadline to apply is March 8.
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Middle Bit: FarmlandFinder announces online farm sale-leaseback... - Clay & Milk
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