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Area One

Having trouble finding cash to grow the family farm? Area One Farms may be able to help

“The challenge is the cost for that next generation to get into the business, especially if their parents are still farming,” Holt said. Farmers tend to be asset rich, but cash poor, which poses a challenge because of the upfront investment, including the cost of land and equipment, associated with expanding today’s multi-million dollar farms, he added.

Read the article from Financial Post here.

Joelle Faulkner – Canada’s Top 40 Under 40

 Of course, innovation extends beyond technology. Joelle Faulkner is founder and CEO of Area One Farms Ltd., which provides financing, private equity and growth capital to the farming community. “Many of these businesses are asset-rick because farms have been in families for generations,” says Hughes. “What she’s doing uniquely to help finance transitions and expansions and how she supported farmers through the pandemic to help keep grocery stores open and food on the table is an example of the innovative spirit of Top 40 honourees.”    

 Read the rest here.