Initial design of the Watershed Fund: Difference between revisions

From Neighborhood Economics
Jump to navigation Jump to search
No edit summary
No edit summary
 
(29 intermediate revisions by 2 users not shown)
Line 1: Line 1:
The Watershed Fund [[https://emsdcmarketplace.org/donations/watershed-fund/]] is a project of Eagle Market Streets, CDC and Kevin Doyle Jones of Neighborhood Economics.org https://neighborhoodeconomics.org/ is working with them to build the community engagement around this new project.
The Watershed Fund [[https://emsdcmarketplace.org/donations/watershed-fund/]] is a project of Eagle Market Streets, [[https://www.eaglemarketsts.org/]] CDC and [[Kevin Doyle Jones]] of Neighborhood Economics [[https://neighborhoodeconomics.org/]] is working with them to build the community engagement around this new project.


As a thumbnail: the loans are zero interest, and farmers have a year’s grace period before they have to start paying them back, then have three years to pay. Eagle Market Streets is doing the due diligence and underwriting.  Our idea is to do a lot of $10,000 loans rather than larger loans to start out in order to socialize the concept of this new source of capital and see the idea spread broadly. In initial talks with farmers, most have a pressing and immediately pressing $10k capital need, along with much bigger needs. Rayburn Farms is one of the first borrowers teed up
As a thumbnail: the loans are zero interest, and farmers have a year’s grace period before they have to start paying them back, then have two years to repay the loans. Eagle Market Streets is doing the due diligence and underwriting.  Our idea is to do a lot of $10,000 loans rather than larger loans to start out in order to socialize the concept of this new source of capital and see the idea spread broadly. In initial talks with farmers, most have a pressing and immediately pressing $10k capital need, along with much bigger needs. [[ASAP]] thinks a $5,000 emergency mid crop year loan for, say when the road to market washes out and the entire crop is at risk is also needed.


The Ager family, owners of Hickory Nut Gap, https://www.hickorynutgap.com/home/ have, through their family foundation, given us enough money to do two $10,00 loans but none for the fund raising campaign. Stephanie and I are working on raising money for the following initial plan: to work with restaurants on benefit dinners for a farm they source from once a month to start with. Restaurantd do those regularly. We want to add the opportunity for the diners at those monthly benefit dinners to link to a qr code on a table tent, and add a 5% donation to give healthy locally grown organic meals to people who cant afford to go to expensive restaurants. The plan is for the donation to go to Equalplates https://equalplatesproject.org. Equal Plates buys farm to table produce at market rate and cooks it up at Southside Kitchen for delivery to the underserved. We want to do more community engagement around the loans throughout the community and also do educational presentations in schools as we have capacity.
One of the first loans was to [[Belly Full Nursery]] [[https://www.facebook.com/profile.php?id=100074756947772]]. The second was to [[Rayburn Farms]] [[https://www.rayburnfarms.com]]
 
The Ager family, owners of Hickory Nut Gap, [[https://www.hickorynutgap.com/home]] gave us enough money to do two $10,00 loans but none for the fund raising campaign.
 
[[Partners of the Watershed Fund]]
 
The Watershed Fund will focus on BIPOC farmers and places they farm around North Carolina. We are also focusing on the growers of [[biomedicinals ]] in the [[food forest]] in the Asheville economic bioregion. We are working with Warren Wilson College to build out their [[Guaranteed from Seed]] propagation system of biomedicinals.
 
We are also highlighting groups working on food security, and their links to local farmers. That also relates to potential recipients of some of the #WatershedDividend. [[Farm2Foodsecurity]]
 
Both the [[landback tax]] and [[WatershedDividend]] will be levied from the Watershed Fund’s management fee and from the management fee the fund takes for managing the carbon payments from [[ReSeed]]. The carbon payments are paid to the farmers and growers from ReSeed. The fund takes an administration fee for reporting and calculating and allocating the carbon payments.  
 
Back to
 
[[Farmer pipeline]]
 
[[biomedicinal pipeline]]
 
[[Farm to table economy]]
 
[[Act Local School]]
 
[[Funds focused on Black Farmers]]
 
 
{{backlinks}}

Latest revision as of 09:24, 14 August 2024

The Watershed Fund [[1]] is a project of Eagle Market Streets, [[2]] CDC and Kevin Doyle Jones of Neighborhood Economics [[3]] is working with them to build the community engagement around this new project.

As a thumbnail: the loans are zero interest, and farmers have a year’s grace period before they have to start paying them back, then have two years to repay the loans. Eagle Market Streets is doing the due diligence and underwriting. Our idea is to do a lot of $10,000 loans rather than larger loans to start out in order to socialize the concept of this new source of capital and see the idea spread broadly. In initial talks with farmers, most have a pressing and immediately pressing $10k capital need, along with much bigger needs. ASAP thinks a $5,000 emergency mid crop year loan for, say when the road to market washes out and the entire crop is at risk is also needed.

One of the first loans was to Belly Full Nursery [[4]]. The second was to Rayburn Farms [[5]]

The Ager family, owners of Hickory Nut Gap, [[6]] gave us enough money to do two $10,00 loans but none for the fund raising campaign.

Partners of the Watershed Fund

The Watershed Fund will focus on BIPOC farmers and places they farm around North Carolina. We are also focusing on the growers of biomedicinals in the food forest in the Asheville economic bioregion. We are working with Warren Wilson College to build out their Guaranteed from Seed propagation system of biomedicinals.

We are also highlighting groups working on food security, and their links to local farmers. That also relates to potential recipients of some of the #WatershedDividend. Farm2Foodsecurity

Both the landback tax and WatershedDividend will be levied from the Watershed Fund’s management fee and from the management fee the fund takes for managing the carbon payments from ReSeed. The carbon payments are paid to the farmers and growers from ReSeed. The fund takes an administration fee for reporting and calculating and allocating the carbon payments.

Back to

Farmer pipeline

biomedicinal pipeline

Farm to table economy

Act Local School

Funds focused on Black Farmers


Links to this page

Retrieved from "https://neighborhoodeconomics.org/wiki/index.php?title=Initial_design_of_the_Watershed_Fund&oldid=293843"