1. Since 2007, the first U.S. private
company to connect investors with
organic farmland and family farmers
David Miller, Chief Executive Officer

2. 2
Business Purpose
To operate a for-profit farmland company
that positively impacts local, organic, and
sustainable agriculture – focusing on the
mid-size family farmer
Buy land. They ain't making any
more of the stuff. – Will Rogers

3. 3
Commitment to the Land
• A company committed to hold the land for generations
• Investment capital is open-ended and democratically
governed
• Farmland is not treated as a trade
• Farm tenants earn the option to purchase the farm
• Voting rights vest after seven years
• Transitioning the next generation of sustainable farmland
investors
Iroquois Valley Farms is the sustainable
solution to farmer land access
Our favorite holding period is forever. – Warren Buffett

4. 4
Commitment to the Land
Farmer Commitment
One generation
Next Generation?
Board governed with open-ended ownership
Iroquois Valley Commitment
Conventional Commitment
10 years
Multi-Generational Tenures
Well Hopefully…

5. 5
Long Term Focus For the Next Generation
Long Term Source Long Term Use
• Broadly based (~80
investors)
• 40% of the capital from
retirement accounts
• Last $5 million of
farmland purchases have
been for young farmers
Investor Base (% of invested capital)
Retirement
40% General
58%
College
2%

6. 6
High Growth Organic Food Market
Source: Organic Trade Association.
Value of Organic Food Market ($ in billions)
Organic as % of
Total Market
2000: 1.2%
2011: 4.2%

7. 7
Organic Delivers Better Profits
Profit Per Acre
• Productivity from organic
fields increases over time
• Takes over 10 years to return
soil health to natural fertile
levels
• Multiple research studies,
including reports from
independent third parties,
academic institutions, and the
USDA, have demonstrated
that organic farming is more
profitable than conventional
Source: Rodale Institute
Farm System Trials.

8. 8
Organic Social & Environmental Impacts
• In addition to economic benefits for the farmers,
organic farms provide numerous social and
environmental benefits
– Higher labor costs and no synthetic input expenses
assist local economies rather than corporate profits
– No synthetic herbicides, pesticides, or fertilizers
– More nutrients in organic foods for end consumer
– Build rather than deplete soil organic matter
– Use 45% less energy
– Conventional systems produce 40% more greenhouse
gases

9. 9
Seventh Year of Operation
Note: 2013 organic acres includes acres scheduled for certification during the year.
• Impacting family farmers with 11 farms purchased
• Initial investors have seen double digit returns
1 2 2 2 4 8 11Farms:

10. 10
Farmland Acres By State
Target
States
366
238
763
Midwest / Great Lakes Regions

11. 11
2013 Private Placement
Funding new
farmland
acquisitions
through a $6.9
million private
placement
Minimum Investment
$34,500

12. 12
Recent Purchase – Shiawassee Farm
New young farmers:
Brent and Emily
Shettler
238 acre
farm in
Michigan

13. 13
Vision Statement
To form the first publicly traded
sustainable farmland company with
generational impact for the family farmer
www.iroquoisvalleyfarms.com