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Newsletter December 2019

Semi-annual Financial Statements 2019 KF
FarmWorks Annual Report 2019
FarmWorks 2019 AGM Presentation
Chair, Treasurer, Nomination Reports 2019
Financial Statements FarmWorks Investment Co-operative Limited 2018
Newsletter June 2019

FarmWorks promotes and provides strategic and responsible community investment in food production and distribution in order to increase access to a sustainable local food supply for all Nova Scotians.


The Shares being offered:

  • The price per share is $100 and the minimum share purchase under this Offering is: 1 share for $100.00.
  • The minimum number of Shares offered is 500 and the total proceeds if minimum sold is $50,000. The maximum number of Shares offered is 20,000 and the total proceeds if maximum sold is $2,000,000.
  • The offering price was established arbitrarily by the Issuer.
  • The Issuer will distribute securities until March 2nd, 2020.
  • Shares are fully paid, newly issued voting common shares that are non-retractable, non-redeemable for 5 years, non-convertible and not restricted in profit sharing or participation upon dissolution.
  • Investments may be eligible for a 35% Nova Scotia non-refundable Equity Tax Credit (may be carried forwards 7 years and backward 3 years) and for RRSP tax deferral. Existing RRSPs transferred to Canadian Workers Cooperative Federation (CWCF) which invests these funds in FarmWorks, may be eligible for Provincial Tax Credits, and new RRSPs placed with CWCF may be eligible for both Provincial and Federal Tax Credits.
  • Investments are eligible for further Equity Tax Credits of 20% and 10% at the 5 and 10 year investment anniversaries, respectively, if the CEDIF meets certain conditions.

Impacts of Local Investment – Survey of FarmWorks Clients  A new survey is underway to update the results of the 2016 survey that describes the economic, social and other outcomes resulting from Shareholder investments that enable FarmWorks to provide loans and additional support to clients.

FarmWorks Investment Co-operative Limited, incorporated in 2011, operates as a Community Economic Development Investment Fund (CEDIF) that enables Nova Scotians annually to purchase common shares in a diversified portfolio of businesses that yield meaningful financial returns on investments. These investments provide loans to farms, food processors, and value-added food producers, helping to increase the viability and sustainability of agriculture and the security of a healthy food supply.

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FarmWorks partners with investors, loan recipients, other lenders and other food-related organizations. These partnerships contribute to the growth and success of food-related enterprises across the province. FarmWorks Directors and Advisors support enterprises that successfully and sustainably increase production and profitability.

In eight offers years Nova Scotians have invested $2,716,900 in FarmWorks CEDIF. Loans have already been made to over 95 businesses. Loan repayments are immediately available to lend to other businesses.

The Shares
being offered:

  • The price per share is $100 and the minimum share purchase under this Offering is: 1 share for $100.00.
  • The minimum number of Shares offered is 500 and the total proceeds if minimum sold is $50,000. The maximum number of Shares offered is 20,000 and the total proceeds if maximum sold is $2,000,000.
  • The offering price was established arbitrarily by the Issuer.
  • The Issuer will distribute securities until March 2nd, 2020.
  • Shares are fully paid, newly issued voting common shares that are non-retractable, non-redeemable for 5 years, non-convertible and not restricted in profit sharing or participation upon dissolution.
  • Investments may be eligible for a 35% Nova Scotia non-refundable Equity Tax Credit (may be carried forwards 7 years and backward 3 years) and for RRSP tax deferral.   
  • Investments are eligible for further Equity Tax Credits of 20% and 10% at the 5 and 10 year investment anniversaries, respectively,
  • if the CEDIF meets certain conditions.